Economy - Global Business Magazine

Egypt to launch low cost airline ‘Air Sphinx’ in 2022-23

Global Business Magazine July 20, 2022

Egypt has announced the launching of its first-ever low cost airline carrier “Air Sphinx,” which is scheduled to begin operations in the Read More

Energy Featured News Regional

Mubadala Petroleum-backed exploration finds huge gas reserves in Indonesia

Global Business Magazine July 20, 2022

A 390-foot gas column find has been confirmed at the Timpan-1 exploration well 150 kilometers offshore North Sumatra in Indonesia. These findings are ‘Read More

Economy Featured News Regional

Dubai’s non-oil economy maintains robust growth in June

Global Business Magazine July 20, 2022

The Dubai non-oil economy maintained a robust speed of expansion in June, according to PMI survey data from S&P Global, as Read More

Business Featured News Regional

AD Ports to support Hayat Biotech’s global logistics and distribution plans

Global Business Magazine July 19, 2022

Abu Dhabi Ports Group and Hayat Biotech signed a Memorandum of Understanding (MoU) to support Hayat Biotech’s global logistics and distribution Read More

Business Featured News Regional

Bahrain’s business confidence index increase by 2.67% in Q2 of 2022

Global Business Magazine July 19, 2022

As many as nine out of 10 investors expect stability in Bahrain’s investment climate for the second quarter of this year, according Read More

Economy Featured News Regional

Saudi Arabia exploring new regions to promote its International Economic Cooperation

Global Business Magazine July 19, 2022

Saudi Arabia is leaving no stone unturned in its efforts to move away from its dependence on the oil revenues and the Read More

Business Featured News Regional

Rolls Royce opens its first private office outside UK in Dubai

Global Business Magazine July 19, 2022

Rolls-Royce Motor Cars has unveiled a world-first Private Office in Dubai last week. This facility will be an extension of the marque’Read More

Business Featured News Regional

DEWA’s water microfiltration units slated for completion by end of 2022

Global Business Magazine July 18, 2022

Dubai Electricity and Water Authority (DEWA)’s construction of 3 million imperial gallons per day (MIGD) Water Microfiltration Units in Hatta is 57% complete Read More

Business Featured News Regional

Mubadala helps Sweden’s Klarna raise $800 million in latest funding round

Global Business Magazine July 18, 2022

The UAE’s $248 billion Mubadala Investment nCompany has helped Sweden-based global payments and shopping service firm Klarna, close a new financing of $800 Read More

Economy Featured News Regional

UAE economy achieves remarkable growth in H1 of 2022

Global Business Magazine July 18, 2022

The UAE economy has achieved remarkable growth in many economic sectors during the first half of 2022, most notably in the tourism and Read More

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