MENA

Arab Health contributed $269.7 million to Dubai’s economy during 2024 edition

Tourism and hospitality benefited from the major healthcare event, with 2024 accommodation spending over $56.2 million

Dubai: New road connections to enhance accessibility and traffic flow in 19 key residential areas

This initiative includes traffic enhancements, roadside parking, improved sidewalks, and upgraded street lighting

UAE launches $81.7 million fund to support entrepreneurs

The Cabinet also announced $1.9 million reward for government employees

FIFA World Cup 2034: Saudi Arabia vows to deliver “a tournament of a lifetime” for 48 teams and millions of fans

The Kingdom is committed to celebrating culture, heritage, and global unity through football

Abu Dhabi Finance Week (ADFW) 2024: ADIO, Mastercard to establish Digital Partnership Program

Mastercard to create tailored digital financial solutions for Abu Dhabi stakeholders

Dubai’s prime property market sees 24 transactions over $8.2 million in November 2024: Report

Top developers in Dubai achieve significant sales with Emaar at 14.7 percent and Damac at 7.6 percent in November

AI to add $19.9 trillion to global economy, account for 3.5 percent of GDP by 2030: Report

98 percent of executives prioritize AI investments, driving rapid funding increases and highlighting AI's value 

GASTAT: Industrial Production Index in Saudi Arabia increases by 5 percent in October 2024

This growth is largely attributed to heightened activity in various sectors, including mining and quarrying

AD Ports Group assigned new A1 Credit Rating by Moody’s

The A1 rating is the fifth-highest on Moody’s scale, indicating upper-medium investment grade and low credit risk 

Abu Dhabi Finance Week (ADFW) 2024: ADIO and PGIM to establish RealAssetX Innovation Centre in Abu Dhabi

Integrating local institutions with global research leaders to advance sustainability, AI and Deep Tech for real assets

Saudi Arabia’s PIF launches Adeera to develop new homegrown hospitality brands

A comprehensive initiative to transform the Saudi hospitality sector and enhance local talent

Oil prices surge modestly amid China’s stimulus optimism and U.S. economic indicators

Brent crude futures for February delivery ascended by 0.4 percent to $72.47 a barrel

Qatari economy grows 0.8 percent to $48.5 billion in Q2 2024

GVA of non-mining sector activities reached $33.23 billion during this period

Red Sea Global partners with Jetex to operate private jet terminal at Red Sea International Airport

This partnership was formalized between Jetex and daa International, marking a new era in luxury aviation on Saudi Arabia’s western coast

Dubai’s talabat shares climb over 7 percent upon listing on DFM

The company will trade under the ticker symbol “TALABAT”

RTA completes rail grinding and overhauls 79 Dubai Metro trains

This initiative enhances the efficiency, safety, and sustainability of Dubai Metro, aligning with RTA’s Strategic Plan 2030

Central Bank of Kuwait allocates $792 million bonds, securitization

The bank specified that this issuance has a maturity period of three months and an interest rate of 4.125 percent

Oil prices slip as market reacts to China’s stimulus and Middle East instability

Brent oil futures for February delivery decreased by 0.2 percent, settling at $72.00 per barrel

Sheikh Mohammed appoints Marwan bin Ghalita as new acting director-general for Dubai Municipality

Marwan bin Ghalita will take on this role while continuing with his existing responsibilities

ADBW 2024: Abu Dhabi announces Golden Vendor list to boost local procurement in industrial sector

Products and services that are part of the Golden Vendor List will now be integrated into the Abu Dhabi Government's tendering process

Abu Dhabi’s Hub71 secures $1.9 billion in funding for startups

The global tech hub generated revenues surpassing $1.08 billion

Abu Dhabi’s NMDC LTS signs definitive agreement to acquire 70 percent equity stake in Emdad

The acquisition, pending regulatory approvals, will allow NMDC to expand into oilfield services