Oil Prices - Global Business Magazine

The World Bank has warned that the global economy could face stagflation

Global Business Magazine July 5, 2022

The World Bank and the Organization for Economic Cooperation and Development (OECD) both slashed their estimates for economic growth, citing the ongoing Read More

Economy Featured News Regional

QIA Plans to invest surplus hydrocarbon revenues in various sectors

Global Business Magazine July 4, 2022

Benefited by the spurt in energy prices, the state-owned Qatar Investment Authority (QIA) to is planning to invest the surplus revenues in Read More

Banking Featured News Regional

Mid-year outlook for Middle East banks improving, says Fitch Ratings

Global Business Magazine July 4, 2022

Business conditions for banks worldwide are likely to deteriorate this year compared to 2021 as rising prices slow down economic growth, according to Read More

Energy News World

Oil extends gains as major producers flag capacity limits

Global Business Magazine June 28, 2022

Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to Read More

Economy Featured News Regional

GCC to aid Middle East region’s economic growth in 2022

Global Business Magazine June 24, 2022

The six-member Gulf Cooperation Council (GCC) will be the mainstay for the Middle East region’s GDP growth which is forecast at 5.2% Read More

Energy News World

Explainer: Why is there a worldwide oil-refining crunch?

Global Business Magazine June 22, 2022

Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power Read More

Banking Featured News Regional

Scarce liquidity stares at Qatar and Turkey’s banking systems

Global Business Magazine June 20, 2022

Turkey and to a lesser extent Qatar are among banking systems in the emerging markets that could be exposed to scarce and Read More

Economy Featured News Regional

In 2022, the UAE will continue to be the most competitive economy in Mena

Global Business Magazine June 16, 2022

The UAE remains the most competitive economy in the Middle East and North Africa (Mena) region 2022, according to the IMD World Competitiveness 2022 Read More