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Second natural gas discovery in Abu Dhabi offshore block 2 exploration announced

Global Business Magazine July 30, 2022

Abu Dhabi National Oil Company (ADNOC) on Friday announced a second discovery of natural gas resources in the first exploration well in Read More

Economy Featured News Regional

High global energy prices to boost GCC economies

Global Business Magazine July 29, 2022

The economies of the six-member Gulf Cooperation Council (GCC), have been experiencing an upturn since the second quarter of 2021, owing in part Read More

Economy Featured News Regional

Dubai ranked first globally in attracting FDI into tourism in 2021

Global Business Magazine July 29, 2022

Dubai retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021.Read More

Real Estate Featured News Regional

Real Estate to grow rapidly in Saudi Arabia and UAE in H2 of 2022

Global Business Magazine July 29, 2022

The Kuwait Financial Centre ‘Markaz,’ which has been publishing series of reports on the real estate in the UAE and Saudi Arabia, Read More

Business Featured News Regional

DP World UAE sign deal for two new Agri-Storage and Processing facilities in Dubai

Global Business Magazine July 29, 2022

The DP World UAE on Thursday announced the signing of two new development projects with multinational agricultural commodity processors, strengthening the F&Read More

Economy Featured News Regional

IsDB endorses $10.54 billion package for Food security

Global Business Magazine July 29, 2022

The Islamic Development Bank (IsDB) Group on Thursday endorsed a $10.54 billion comprehensive Food Security Response Program (FSRP) package that will support member Read More

Business Featured News Regional

ADNOC Distribution to Acquire 50% Stake in TotalEnergies Egypt

Global Business Magazine July 29, 2022

ADNOC Distribution, the UAE’s largest fuel and retail distributor, on Thursday announced it has entered into an agreement with TotalEnergies Marketing Read More

Business Featured News Regional

ADNOC bags three contracts worth $2.67 billion

Global Business Magazine July 28, 2022

Abu Dhabi National Oil Company (ADNOC) on Wednesday announced the award of two substantial contracts totalling $2 billion to ADNOC Drilling for the Read More

Banking Featured News Regional

Saudi National Bank reports net income of $1.2 billion in Q1-2022

Global Business Magazine July 28, 2022

The Saudi National Bank (SNB) on Thursday announced a net income after zakat and income tax of $1.2 billion by the end of Read More

Technology Featured News Regional

RIT Dubai and ONE MOTO to launch the UAEs first Smart Mobility and Innovation Centre

Global Business Magazine July 27, 2022

Rochester Institute of Technology (RIT) Dubai has joined forces with sustainable vehicle company, ONE MOTO, to develop a range of three innovative Read More

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