MENA

Dubai reveals #ZayedAndRashid campaign: A celebration of national unity, cultural heritage across emirates

The campaign coincides with UAE Flag Day and 53rd Eid Al Etihad celebrations

Islamic treasury bonds auction for October 2024 attracts $1.96 billion in bids

The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029

UAE President engages with world leaders on trade and development at BRICS Summit

The summit, which runs until October 24, is themed 'Strengthening Multilateralism for Equitable Global Development and Security,’

Oil prices rise amid Middle East tensions and U.S. election uncertainty, recovering previous losses

Brent crude futures increased by 95 cents, or 1.27 percent, reaching $75.91

UAE, Rajasthan sign investment agreement to pursue 60 GW renewable energy project in India

Both nations have set ambitious clean energy targets in recent years

UAE maintains leadership in global labor market competitiveness indicators

The country secured the top position globally in four key indicators from the Institute for Management Development World Competitiveness Yearbook 2024

UAE’s AI firm G42 appoints new Group Chief Strategy Officer

Ali Dalloul brings extensive expertise in AI commercialization, enterprise integration, and product strategy

Seamless Saudi Arabia 2024: Mastercard’s new infrastructure aims to support a secure digital payments ecosystem in Kingdom

This infrastructure and tailored services will enable secure, efficient processing of local ecommerce transactions

UAE’s real GDP expected to expand by 5.1 percent in 2025, according to IMF

Globally, growth is expected to remain stable but lackluster, with projections of 3.2 percent for both 2024 and 2025 

Arada introduces $1.36 billion W Residences project at Dubai Harbour, featuring over 400 apartments for sale

This project features a selection of amenities and is situated in one of Dubai’s most sought-after districts

flydubai announces new service from Dubai to Bhairahawa in Nepal starting November 10

This service will depart daily from Terminal 2 at Dubai International (DXB), providing travelers with a convenient route to a new entry point into Nepal

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

Nasser 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