MENA

Oil prices decline amid rising U.S. inventories, ongoing Middle East tensions

Brent crude futures for December fell 0.4 percent, settling at $75.75 per barre

Global oil demand to reach over 100 million barrels per day by 2050: Saudi Aramco

CEO noted that Asia's energy transition is lagging, marked by less equity and greater complexity than expected 

Finance House to invest $81.67 million in Abu Dhabi capital market

This collaboration seeks to enhance market liquidity and financial stability, aligning with the ADX’s vision 

Sharjah Chamber hosts Japanese delegation, discusses enhancing economic cooperation

The Chamber seeks to boost knowledge exchange and collaboration between investors from both nations

UAE plays pivotal role in enhancing food security, sustainability: FAO

MoCCAE and Dubai Municipality are vital partners in promoting sustainable agriculture and minimizing food waste

External funding outflows in GCC banks could reach $221 billion if Mideast war escalates: S&P

GCC banks have sufficient external liquidity to cover outflows in most cases

Seven GCC IPOs raise $1.7 billion in Q3 2024, UAE leads growth with $1.1 billion

Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings

Saudi flynas partners with VCM on carbon offsetting, environmental protection, and sustainability

The deal supports the Kingdom's climate ambitions to achieve net zero emissions

Dubai Holding Asset Management rebrands residential portfolio to ‘Dubai Residential’

This change follows Nakheel and Meydan's integration into Dubai Holding, expanding Dubai Residential’s offerings 

Saudi Aramco CEO advocates for revised energy transition plan addressing Asia’s needs

He noted that Asia and the Global South are often overlooked in transition plans, impacting the world 

Mohammed Bin Rashid Aerospace Hub, IER MRO Industries partner to open MRO and engine test facility at Dubai South

The new 880,000-square-foot facility will offer gas turbine engine component manufacturing, repairs, and overhauls

Oil prices slide amid Middle East tensions, Chinese demand concerns

Brent crude futures for December delivery fell by 19 cents, or 0.3 percent, settling at $74.10 a barrel

Gitex Global 2024 navigates 5G frontier, unleashes power of AI for hyperconnected future

The event included engaging discussions and exhibitors showcasing transformative products and services

Gitex Global 2024: Dubai Internet City, India’s Nasscom unite to ignite global innovation, cultivate cross-border talent

The collaboration aims to empower the next generation of entrepreneurs to build on the UAE and India's success

Sharjah Islamic Bank profit before tax up 29 percent to $270.1 million for nine months ending September

The bank is diversifying its financing portfolio, with total customer financing at AED36.6 billion

Emirates optimizes commercial portfolios to position for global growth

Emirates recently announced new appointments in its commercial team for key markets in the Middle East and Africa

Etihad Airways enhances European connectivity: Daily services to Düsseldorf and Copenhagen start in 2025

The Düsseldorf route will experience a significant boost as it transitions from its current schedule to daily service

UAE’s PMO formalizes agreements to enhance strategic intelligence for We the UAE 2031

New platform to leverage AI and insights from 2,500 experts and 450 data sources to create government strategies

Gitex Global 2024: Dubai Police teams up with du to introduce innovative AI solutions for enhanced security

This collaboration aims to enhance Dubai Police's decision-making through AI-driven digital solutions

Gitex Global 2024: Ajman Investment Platform launched to promote investment opportunities

The platform seeks to enhance the competitive business landscape and increase productivity in line with Ajman Vision 2030

Oil prices steady amid mixed economic signals from China, strong U.S. retail sales data

Brent crude futures had risen by 8 cents, or 0.1 percent, to $74.53 a barrel