Kingdom of Saudi Arabia - Global Business Magazine

Oil prices fall on prospect of OPEC offsetting Russian output loss

Global Business Magazine June 2, 2022

Oil prices fell on Thursday on speculation that Saudi Arabia and other OPEC members may boost crude output to compensate for a Read More

Economy Featured News Regional

The UAE’s real GDP is expected to grow at a faster rate of 5.4 % in 2022, according to the

Global Business Magazine June 1, 2022

On Monday, the United Arab Emirates’ central bank said in its annual report that the UAE’s real GDP grew by 3.8 percent Read More

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Major Gulf bourses rise on oil strength, Dubai gains after 3 days

Global Business Magazine May 26, 2022

Major Gulf stock markets rose in early trade on Thursday as oil prices firmed, with the Dubai index on track to end Read More

Business Featured News Regional

Saudi Aramco eclipses Apple as most valuable company in the World

Global Business Magazine May 20, 2022

Supported by surging oil prices amid the war in Ukraine, Saudi Aramco has toppled Apple as the most valuable company globally as Read More

Business Featured News Regional

Saudi, UAE SWF’s to invest in Indonesia’s infrastructure projects

Global Business Magazine May 12, 2022

One of the mega infrastructure projects undertaken by the Indonesian government is the construction of $46 billion new capital city named ‘Nusantara’ (means Read More

Economy Featured News

Saudi Arabia approves six tourism projects valued around $400 million

Global Business Magazine May 12, 2022

Saudi Arabia is keen to develop its tourism and its Tourism Development Fund approved six strategic tourism projects worth $400 million in the Read More

Environment Featured News Regional

Dubai on its way to achieve net zero emissions by 2050

Global Business Magazine May 11, 2022

The Dubai government, which has announced an initiative to achieve Net Zero Carbon Emissions Strategy 2050 in October 2021 to provide 100% of the Emirate’Read More