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Global Business Magazine (the "Corporation"), a Dubai-based publication, brings readers global economic news, insightful analysis, and facts aimed at improving the global economy.

01/10/2025

On Friday, the Supreme Court gave the Trump administration yet another victory by permitting it to keep $4 billion in congressionally funded foreign aid spending.

The Supreme Court's ruling halts a federal judge's earlier ruling that the administration must spend the money by the end of the month.

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22/09/2025

According to two people with first hand knowledge of the situation, Saudi Aramco intends to sell Islamic bonds denominated in US dollars as early as this month in an effort to strengthen its financial sheet in the face of declining oil prices.

According to one of them, Aramco, the largest oil corporation in the world, might raise $3 billion to $4 billion for its sukuk. Shariah-compliant bonds are called sukuk. Since the subject is confidential, the individuals who talked did so under the condition of anonymity.

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19/09/2025

As traders and investors prepare for an OPEC+ meeting this weekend where producers are anticipated to explore raising output targets once more, oil prices fell on Thursday, continuing a more than 2% drop from the previous session.

By 0416 GMT, U.S. West Texas Intermediate crude dropped 47 cents, or 0.7%, to $63.5 a barrel, while Brent crude dropped 46 cents, or 0.7%, to $67.14 a barrel.

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15/09/2025

President Donald Trump's choice for the vacant position of Federal Reserve Governor, Stephen Miran, pledged to respect the central bank's independence and its dual goal of maximizing employment and maintaining price stability.

On Thursday morning, the Senate Banking Committee will hear testimony regarding Miran's confirmation. The final months of a term abruptly vacated by Fed Governor Adriana Kugler will be filled by a close Trump adviser and the leader of the Council of Economic Advisors.

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12/09/2025

Nidec Corp.'s stock fell as much as 22.44% on Thursday following the company's announcement of an investigation into claims of incorrect accounting within its business.

This is the biggest one-day decline in the stock of the Japanese manufacturer of electronic components.

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10/09/2025

We are privileged to welcome Shri C.R. Patil, Honorable Minister of Jal Shakti, Government of India, and Shri Pralhad Joshi, Honorable Minister of New & Renewable Energy and Minister of Consumer Affairs, Food & Public Distribution, Government of India, as Guests of Honor at INOXGFL Group presents ET Edge Global Sustainability Alliance 7th Annual Meeting, co-presented by YES BANK and co-powered by Yara Fertilizers.

At the forefront of India’s sustainability journey, their leadership reflects the critical pillars of progress. Shri C.R. Patil brings his vision and commitment to advancing water conservation, management, and security — ensuring that access to clean water becomes a foundation for climate resilience and social equity. Shri Pralhad Joshi’s leadership bridges renewable energy, food security, and consumer welfare, driving the transition to low-carbon growth while safeguarding inclusive development.

Their presence at the GSA platform underscores the power of integrated leadership across water, energy, and food systems — a convergence vital to achieving the Sustainable Development Goals.

Join us as we celebrate thought leadership, foster collaboration, and explore actionable strategies, igniting initiatives that can transform enterprises and communities.

When: 26th September, 2025
Where: New Delhi

Register Now: https://et-edge.com/conferences/gsa/annual-meeting/delegate-registration/?utm_source=SocialMedia+&utm_medium=SocialMedia&utm_campaign=MediaPartners

05/09/2025

As international markets consider the future of President Donald Trump's trade tariffs, European stocks are anticipated to open somewhat higher on Thursday.

France's CAC 40 is up 0.1%, Italy's FTSE MIB is up 0.15%, Germany's DAX is steady, and the U.K.'s FTSE index is expected to open 0.16% higher.

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01/09/2025

According to data released on Wednesday, Deutsche Pfandbriefbank, one of the leading real estate lenders in Germany, booked larger risk provisions when it withdrew from the U.S. market, causing it to lose money in the second quarter.

In May, PBB declared that it would not accept new business in the United States because it believed that the country was too unstable under President Donald Trump. In June, it decided to completely withdraw from the market and withdrew its earlier revenue projections for the year.

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29/08/2025

On Tuesday, U.S. President Donald Trump criticized David Solomon, the CEO of Goldman Sachs, saying the bank had misjudged the impact of the U.S. tariffs on the economy and questioned Solomon's suitability as head of the Wall Street firm.

The bank CEO is the most recent corporate leader to come under Trump's wrath, and the incident demonstrates how sensitive businesses are to tariffs. Following Trump's criticism of JPMorgan Chase and Bank of America for allegedly debanking—that is, refusing to offer banking services to individuals—Goldman is the most recent Wall Street bank to come under pressure.

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25/08/2025

As investors gained greater confidence about future interest rate decreases and President Donald Trump's tariffs showed largely minor effects, a widely used indicator of inflation advanced slightly less than anticipated in July on an annual basis.

The Bureau of Labor Statistics said Tuesday that the consumer price index rose 2.7% over a 12-month period and 0.2% seasonally adjusted for the month. This contrasted with the corresponding 2.8% and 0.2% Dow Jones projections.

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22/08/2025

In keeping with President Donald Trump's goal for the central bank to lower interest rates, two economists who are heavily considered for positions at the Federal Reserve stated on Tuesday that they do not think tariffs lead to inflation.

The belief held by many non-White House economists that the duties will result in longer-term price increases was disputed by Stephen Miran and James Bullard in separate interviews.

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20/08/2025

The Middle East Low Code No Code Summit 2025 is back in Dubai!
Join us on 26th Nov 2025 at JW Marriott Hotel Marina for the 6th Edition of the region’s leading platform celebrating the power of Low-Code & No-Code technologies.

A day of insights, innovation, and recognition — with visionary leaders, C-level executives, and tech experts shaping the future of digital transformation.

📍 Save the Date: 26 Nov 2025 | Dubai
🔗 Register Now - https://melowcode.com

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