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Economy Featured News Regional

Fears of economic slowdown impacts GCC project market in Q3 of 2022

Global Business Magazine October 18, 2022

GCC project awards contracted during the third quarter of the year as global economic challenges mounted.Read More

Economy Featured News Regional

Saudi Arabia’s economy poised to grow at 7.6% in 2022, says IMF

Global Business Magazine September 1, 2022

The International Monetary Fund (IMF) said in its annual report that Saudi Arabia’s economy would register a growth rate of 7.6% during Read More

Economy Featured News Regional

Middle East to gain $1.3 trillion from additional oil revenues in the next four years

Global Business Magazine August 22, 2022

Middle Eastern states are to land a $1.3 trillion windfall from extra oil revenues over the next four years, according to the International Read More

Economy Featured News Regional

Saudi Arabia and UAE lead in GCC project awards in Q2-2022

Global Business Magazine August 4, 2022

GCC project awards improved during the second quarter of the year despite global economic challenges that was caused by supply chain problems Read More

Economy Featured News Regional

Saudi Arabia’s economy to grow around 3.9% from 2022 and 2026, says Moody’s

Global Business Magazine August 3, 2022

Global rating agency Moody’s has projected Saudi Arabia’s economy to grow at an average rate of around 3.9% from 2022 to 2026.Read More

Finance Featured News Regional

Middle East’s SWFs consider various options re-allocate their assets

Global Business Magazine August 2, 2022

The Sovereign Wealth Funds (SWFs) in the Middle East region are looking at various options in their asset allocation due to spiralling 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

Business Featured News Regional

Saudi Arabia’s PIF to invest $92.13 million Aston Martin

Global Business Magazine July 25, 2022

Saudi Arabia’s Sovereign Wealth Fund (SWF) – Public Investment Fund (PIF) – will invest in the UK-based Aston Martin Lagonda Global Holdings PLC Read More

Energy Featured News Regional

Qatar exported over 70% of LNG globally in 2021

Global Business Magazine July 22, 2022

The International Gas Union (IGU) has said that Qatar accounted for a lion's share of 28.2 million tonnes out of 37.1 million tonnes of Read More

Finance Featured News Regional

World Bank okays $500 million loan to Egypt to fight food crisis

Global Business Magazine July 20, 2022

The World Bank has approved a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted Read More

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