Global Business Outlook

Go Green with GBO: The ‘energy transition’ crossroad for Germany’s chemical industry

GBO CorrespondentJune 9, 2023June 9, 2023

GBO CorrespondentJune 9, 2023June 9, 202301332

Germany, which was Europe's largest importer of Russian natural gas and continues to struggle with electricity prices that are still far above long-term norms, has

Finance Top Stories

UAE introduces new ‘Corporate Tax Regime’ for ‘Free Zones’

GBO CorrespondentJune 9, 2023June 9, 2023

GBO CorrespondentJune 9, 2023June 9, 202301292

'Free Zone Persons', a juridical body incorporated, otherwise formed/registered in a ‘Free Zone’, are eligible for the ‘Free Zone Corporate Tax Regime’

Economy Top Stories

Saudi to promote Egyptian investment as latter’s economic headwinds slow down

GBO CorrespondentJune 8, 2023June 8, 2023

GBO CorrespondentJune 8, 2023June 8, 202301016

During his visit to Egypt, Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef expressed the Kingdom’s keenness to facilitate Egyptian investors

Fintech Top Stories

DIB Alt: Meet Dubai Islamic Bank’s revolutionary platform

GBO CorrespondentJune 8, 2023

GBO CorrespondentJune 8, 202301707

DIB Alt reflects a dramatic leap toward digitalization that is firmly backed by the Emirati bank’s customer-centric approach, while aligning with the UAE's goal for

Economy Top Stories

MENA Watch: Lebanon’s shrinking middle class, increasing hunger, & wealth disparity

GBO CorrespondentJune 7, 2023June 7, 2023

GBO CorrespondentJune 7, 2023June 7, 202301454

The World Bank downgraded Lebanon to a lower-middle-income nation in 2020

Oil and Gas Top Stories

OPEC+ to extend oil production cuts into 2024

GBO CorrespondentJune 7, 2023

GBO CorrespondentJune 7, 202301354

In a statement, OPEC announced that the next ministerial meeting involving both OPEC and non-OPEC members is scheduled for Sunday, November 26, 2023, in Vienna

Economy Top Stories

In-country value projects: UAE’s new growth engine

GBO CorrespondentJune 6, 2023

GBO CorrespondentJune 6, 202301164

The second edition of the 'Make it in the Emirates Forum' concluded on the last week of May 2023, with the UAE showcasing its unique

Aviation Top Stories

Tips for UAE nationals to enjoy a budget-friendly summer vacation

GBO CorrespondentJune 6, 2023

GBO CorrespondentJune 6, 20230966

To save money, over 90% of travellers from the UAE stated they would be willing to change the day, week, or duration of their summer

Economy Top Stories

Saudi Vision 2030: Transforming the Kingdom’s quality of life

GBO CorrespondentJune 5, 2023

GBO CorrespondentJune 5, 202303695

The Saudi government sought to diversify the options for entertainment, launching the first movie theatre in the Kingdom and planning numerous international events like the