Economy

Oil prices modestly recover amid unexpected U.S. inventory draw, Middle East tensions

Brent crude futures for December delivery increased by 0.6 percent to $74.67 per barrel

Sheikh Maktoum bin Mohammed arrives in Brussels for inaugural GCC-European Union Summit

The summit marks a significant milestone in enhancing cooperation between GCC and EU countries across various sectors

MENA region’s GDP to rise to 2.2 percent in 2024 amid rising economic, political uncertainty: World Bank

Growth in GCC countries is projected to rise from 0.5 percent in 2023 to 1.9 percent in 2024

ADQ, Bank Audi sign definitive agreement to acquire 96 percent of Odea Bank

This move would accelerate Odeabank’s growth and drive tech advancements in financial services

Gitex Global 2024: Digital Dubai, Microsoft UAE partner to drive innovation and enhance AI skills across government entities

The deal will equip government employees with the necessary technologies and knowledge for achieving Dubai's objectives

Gitex Global 2024: FTA, Dubai Land Department to enhance tax compliance for real estate, commercial land sales

The initiative seeks to streamline tax compliance by collecting VAT on real estate and land transactions

Gitex Global 2024: Collaboration between Ericsson, e& UAE unlocks 5G capabilities for app developers

The partnership will enable third-party developers to create services on the 5G Standalone (SA) network, enhancing user experiences and monetization

Gitex Global 2024: 7X adds EtihadWE to whitelisted companies on ‘Wayn’ platform

The 'Wayn' platform ensures secure messaging for EtihadWE’s clients while protecting their data

Expand North Star 2024 draws 65 unicorns valued at $400 billion

CEOs of unicorns noted that Dubai is an ideal gateway for launching global digital initiatives

UAE government, WEF launch ‘We the UAE 2031 Strategic Intelligence Councils’

Initiative comprises eight separate councils that include decision-makers, thought leaders, experts, government officials, and business leaders

Gitex Global 2024: e& UAE, UiPath launch RPA as managed service to accelerate digital transformation in UAE

By merging RPA with AI, they enable companies to optimize their operations, minimize manual errors, and enhance overall efficiency

Microsoft’s cloud ecosystem to add $74.4 billion to UAE economy, create over 150,000 new jobs: Report

The Microsoft ecosystem will be responsible for adding over 41,800 new skilled IT jobs into the UAE economy

Gitex Global 2024: DCD Abu Dhabi launches Bayanat community platform to streamline reporting, enhance decision-making

The platform seeks to foster collaboration and measure social impact across the emirate

Gitex Global 2024: ADJD highlights future of judicial services through innovative technologies, customer-centric solutions

The department seeks to familiarize visitors with its groundbreaking judicial and notarial service

Gitex Global 2024: EtihadWE completes installation of smart meters, full integration expected by end of 2025

These smart meters, which monitor electricity and water, are a key step in providing advanced customer services

Oil prices recover modestly amid Middle East stability concerns, weak demand

Brent crude futures for December delivery rose zero point four percent to $74.55 per barrel

SuperBridge Summit 2024 explores economic growth potential of key regions globally

Summit highlighted the role of strategic investments in boosting innovation and transforming a country into an economic powerhouse

Global experts gather at key World Economic Forum meeting in Dubai

More than 500 thought leaders come together for the WEF’s annual meeting of the Global Future Councils

AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation

The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements

RAK Properties collaborates with Commercial Bank of Dubai on $544.5 million financing agreement

The funding will support RAK Properties' projects, including luxury hotels and residential communities in Mina Al Arab

Gitex Global 2024: Tech leaders discuss AI’s role in economic transformation

World Future Economy Digital Leaders Summit comes at a time when the UAE is accelerating its efforts to adopt AI in different sectors

Expand North Star 2024: Dubai Chamber of Digital Economy highlights emirate’s business environment advantages

The emirate is fostering digital companies, boosting its reputation as a global digital economy capital

Gitex Global 2024: Khalifa Fund launches AI platform to enhance operational efficiency, transform public services

The platform aims to improve government solutions for better service delivery and adaptability