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GBO CorrespondentAugust 27, 2021

Oil prices to reach $75/barrel by end of 2021

GBO CorrespondentAugust 27, 2021
Oil demand rose by 3.8 million barrels per day in June, which...
Covid-19Oil and Gasoil barrelsoil price hikeoil production
GBO CorrespondentAugust 27, 2021August 27, 2021

Matrix starts virtual trading platform in Abu Dhabi

GBO CorrespondentAugust 27, 2021August 27, 2021
The project is expected to drive blockchain and fintech innovation...
Abu Dhabiglobal tradingMatrixReal EstateSaudi Arabia. Arjuwan Red Sea projectSaudi real estatevirtual trading
GBO CorrespondentAugust 26, 2021

Life Healthcare partners with Quro Medical to provide hybrid healthcare delivery to Africans

GBO CorrespondentAugust 26, 2021
Life Healthcare is South Africa’s largest private hospital chain and a leading...
African healthcareHealthcareInvestmentLife HealthcarepartnershipQuro MedicalSouth Africa
GBO CorrespondentAugust 26, 2021August 26, 2021

Saudi Vision 2030 brings projects worth nearly $1tn

GBO CorrespondentAugust 26, 2021August 26, 2021
Almost $300 bn is allocated for new infrastructure...
EconomyInvestmentsProjectsSaudi ArabiaSaudi economySaudi Vision 2030
GBO CorrespondentAugust 26, 2021August 26, 2021

Top 10 UAE banks report positive growth during Q2 2021

GBO CorrespondentAugust 26, 2021August 26, 2021
Return of equity (RoE) reached the highest level of 10.9% for the...
Bankingeconomic growthRoESaudi ArabiaUAE
GBO CorrespondentAugust 25, 2021

Alibaba’s logistics unit Cainiao launches China-South Korea freight route

GBO CorrespondentAugust 25, 2021
Cainiao Network will run the service route between Shandong province in China...
AlibabaAliExpressCainiao NetworkChinaFreight routePorts and ShippingSouth Korea
GBO CorrespondentAugust 25, 2021August 25, 2021

Saudi Arabia’s Ministry of Health approves Sinovac and Sinopharm Covid-19 vaccine

GBO CorrespondentAugust 25, 2021August 25, 2021
People who have been vaccinated with Sinovac or Sinopharm will be accepted...
Covid-19 VaccinationSaudi ArabiaSaudi Arabia healthcareSinopharmSinovac
GBO CorrespondentAugust 25, 2021

Saudi Arabia’s IT sector to hit $27 bn in the next four years

GBO CorrespondentAugust 25, 2021
IoT is predicted to grow by 26% of compound annual rate in...
Information technologyIoTSaudi ArabiaSaudi technology
GBO CorrespondentAugust 24, 2021

UK growth slows down due to staff shortage

GBO CorrespondentAugust 24, 2021
Labor crisis has caused restaurants to close down and pushed back UK’s...
Covid-19economic recoveryEconomylabor shortageslow growthUK
GBO CorrespondentAugust 24, 2021

African fintech OPay raises $400 mn funding to expand in the Middle East

GBO CorrespondentAugust 24, 2021
The latest funding round was led by Softbank...
FintechMiddle EastNigeriaNigeria fintechSoftBank
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Trump’s $2 trillion deals recast US-Gulf relationsBeyond the dollar signs, Donald Trump’s Middle East agreements are poised to reshape the region’s development trajectory…

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