Economy

DP World’s Jebel Ali sets new record with 1.4 million TEUs in July 2024

In H1 2024, the port handled 7.3 million TEUs, a 3.9 percent YoY increase

UAE’s ADX sees $507.2 million in ETF trading value during eight months of 2024

Since the start of 2024, ETF trading volume has reached 450.7 million units

Listed firms in GCC report $60.7 billion in net profits, 8.1 percent QoQ growth

Dubai's YoY profit growth reached 30.9 percent in Q2 2024, totaling $6.7 billion

Global air cargo demand up 13.6 percent in July 2024, eighth month of double-digit growth: IATA

Air cargo demand reached record highs year-to-date in July, with robust growth across all regions, says director general

ADFW 2024 set to begin on December 9, to host 50 events

Last year’s edition of ADFW hosted over 3,300 directors and executives from leading global financial firms

Qatar Central Bank releases $1.23 billion in T-bills, attracts $3.58 billion in bids

The bills included QAR300 million for a 7-day term (Tap Issuance) at an interest rate of 5.7815 percent

Dubai’s wealth management sector sees 62 percent surge in authorized entities in H1 2024: DFSA

The DFSA facilitated the expansion of capital markets in the DIFC, which remains the world’s largest ESG sukuk market

Celebrating Emirati Women’s Day: Visa’s ‘She’s Next’ returns to UAE with third edition

The third edition supports women entrepreneurs in publishing, fashion, food, and more over several months

GCC listed banks post record $14.8 billion net profit in Q2 2024

Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023

Dubai Centre for Family Businesses introduces new guide on governance, strategic services

This guide provides an overview of Family Office governance structures, their expertise, services, and key benefits

Emirates Group highlights 38 percent contribution of Emirati women to workforce growth

The Group supported 70+ Emirati women through leadership programs

UAE: $9.52 billion surge in AUM by portfolio management companies, investment funds

The SCA reported an 83 percent increase in authorized companies this year, rising from 18 to 33 since January

Kuwait’s wholesale prices rise 2.1 percent in June, led by surge in cost of domestic goods: Report

The June wholesale price index rose 2.1 percent year-on-year to 149.2 from 146.2 in June 2023

New Salik toll gates in Dubai valued at $744.37 million

Salik has revised its full-year 2024 guidance, with annual revenue-generating trips expected to increase 7-8% in 2024

Egypt’s sovereign wealth fund appoints Noha Khalil new acting CEO

TSFE's board of directors also approved the certification of the Fund's budget for submission to the general assembly

Emirati Women’s Day: Celebrating the driving forces behind Abu Dhabi’s SME growth

How Emirati female entrepreneurs help shape Abu Dhabi’s diversified economy

Gitex Digi_Health 5.0 Conference to be hosted alongside Medical Fair Asia in Singapore

Home to nearly 60 percent of the world’s population, Asia’s digital health market is expected to generate $66.97 billion revenue in 2024

IMF eases some conditions on Egypt’s $8 billion finance package

Egypt's economic growth to increase to around 5.5 percent as structural reforms to strengthen the business climate pay off

2.7 million tax free tags issued in UAE’s digital VAT refund system for tourists in H1 2024

UAE's digital VAT refund system processed 19.67 million transactions during this period

Businesswomen make up 18 percent of all entrepreneurs in UAE, 48.8 percent hold executive-director positions: Report

The share of women in the workforce also rose to 34.6 percent in 2024, up from 32.5 percent in 2023

Over 2,000 startups set to gather at latest Expand North Star edition in Dubai

Germany leads among the new country pavilions from the European region, with 40 startups debuting at the show

UAE’s non-oil foreign trade reaches record $379.81 billion in H1 2024


The country’s key exports like gold, jewelry, and metals have driven strong non-oil export growth, Al Zeyoudi says

Abu Dhabi’s E7 to begin $50 million digital tax stamp production in 2025

In June, E7 Group announced the plan to invest in ambitious organic growth initiatives across its security solutions business segment