MENA

Double-digit growth for air cargo continues: IATA

Overall demand, measured by CTKs, increased by 11.4 percent in August 2023, with international operations up 12.4 percent 

$1.1 billion available for investment, funding requests from member countries: World Green Economy Organization

Funds are sourced from private sector investors and organizations eager to invest in green economy projects

Dubai’s Parkin announces first interim dividend of $54.1 million

Cash dividend will be paid to shareholders at the end of October

DoH – Abu Dhabi, Ma’an raise over $4 million for Abu Dhabi health Research and Innovation Grant

This initiative supports DoH’s mission to transform the regional healthcare landscape through science and technology 

Sharjah’s Air Arabia reintroduces flights between Ras Al Khaimah and Jeddah

Starting December 15, 2024, the flights will operate three times a week on Tuesdays, Thursdays, and Sundays

UAE, global gold prices rise on safe-haven demand as U.S. payrolls data in focus

The dollar fell 0.1 percent from a month-long high, making gold priced in dollars more affordable for foreign buyers 

Oil prices remain stable as investors assess Middle East tensions, global supply dynamics

Brent crude futures fell by 8 cents, or 0.1 percent, settling at $77.54 a barrel

UAE’s DMCC, CV VC collaborate to enhance regional Web3 ecosystem growth

Both organizations will enhance their ecosystems through collaboration, including workshops, resource sharing, and joint events 

Etihad, DCT Abu Dhabi ‘stopover’ initiative sees 242 percent surge in travelers

The initiative's relaunch has surpassed expectations and significantly boosted the emirate's tourism industry

UAE’s Etihad Rail launches new corporate identity with revamped logo, strategic vision

The new logo design draws inspiration from the falcon’s eye, the silhouette of a train, and the railway track

Emirates makes touchdown to Lagos, Nigeria

The daily service is strategically scheduled to optimize connections to key locations, enhancing business and leisure travel to and from Nigeria

WEF introduces innovative digital platform to boost clean energy investments in emerging markets

The platform outlines 100 policy measures, financial mechanisms, and de-risking strategies from the past two decades

ADX records 15 major deals on ADNOC Gas and Modon valued at $724.2 million

The first transaction involved 505.8 million shares of Modon Holding for AED2.44 billion across six deals at AED4.83 per share 

UAE President, Sheikh Mohammed bin Rashid meet to discuss strategies for enhancing national welfare and development 

The leaders discussed the UAE's development and strategies for national growth and prosperity

Oil prices surge amid fears of Middle East conflict disrupting crude shipments

Brent crude futures climbed by 80 cents, or 1.08 percent, reaching $74.70 a barrel

UAE insurance sector profits reach $680.6 million in 2023, reports CBUAE

The total number of insurance policies written across all types in the UAE surged to 14.6 million 

$19.55 billion of Islamic bonds, sukuk listings on Abu Dhabi market: UAE’s SCA

The listings comprise 10 conventional tranches and 6 additional issues categorized as green bonds and sukuk focused on sustainability 

Abu Dhabi sets new mortgage records in Q3 with $3.67 billion in 2,594 transactions 

This represents the highest quarterly volume seen in recent years

Dubai’s RTA implements major traffic upgrades to enhance road efficiency near 37 schools

These enhancements prioritize safety for all road users in Dubai, including staff, bus drivers, and families

DFM sees 10.9 percent gain in 2024, leading GCC markets with 4.1 percent monthly growth in September

The overall growth was widespread, driven particularly by significant gains in key indices such as the Financial Index

Saudi Arabia’s NEOM reveals first designs of Sindalah Yacht Club set to open soon

The club’s design showcases the richness of Italy's artistic heritage, with interiors that reflect the island's natural beauty

Riyadh welcomes first refurbished Emirates Boeing 777

This newly upgraded aircraft will operate the daily EK 819/820 service, departing Dubai at 07:10 and arriving in Riyadh at 08:05

UAE’s Space42 makes debut on ADX following Bayanat and Yahsat merger

Space42 merges Bayanat’s sophisticated geospatial analytics with Yahsat’s premier satellite communications and AI innovations

DAMAC Properties strengthens commitment to sustainability at DEWA’s WETEX 2024 with innovative solutions

DAMAC launched its first Sustainability Report which highlights the organisation’s key ESG goals and vision