MENA

DP World launches Middle East’s first $100 million blue bond to fund sustainable marine transport

Eligible initiatives include reducing maritime pollution, sustainable ports, and water quality

AD Ports appoints Egyptian contractor to build infrastructure for Noatum Ports – Safaga Terminal

The terminal will handle 450,000 TEUs, 5 million tons of dry bulk, and 1 million tons of liquid bulk

Dubai DET, IHG Hotels & Resorts partner for joint marketing and training initiatives

Both organizations will develop tourism products highlighting Dubai's unique attractions, like cultural tours and seasonal packages

Top holiday travel destinations for UAE residents in 2024

Cities like London, Bangkok, and Istanbul enchant UAE travelers with culture and holiday cheer 

Economy Middle East and ADGM sign MoU announcing return of Economy Middle East Summit in 2025

Building on the inaugural summit's success, this partnership aims to strengthen the UAE's role as a global economic and innovation hub

OPEC Fund authorizes nearly $1 billion in new development financing

These initiatives support global nations by improving infrastructure, food security, renewable energy, and economic resilience

UAE, global gold prices show minimal movement ahead of Fed meeting

Gold consolidated between $2,600 and $2,700 as traders bought dollars before key central bank meetings

DIEZ’s Tradeling acquires Axiom Telecom to fuel growth in MENA’s e-commerce market

Tradeling, MENA’s largest B2B e-commerce platform, poised for annual revenue of over AED2 billion

Middle East aviation market size to reach $33.7 billion by 2029

Airports across the region are expanding to meet growing demand, with a total project value of over $1.3 trillion

ADFW 2024: World Bank commends UAE efforts in tackling global climate challenges

The World Bank is committed to achieving the SDGs and highlights the importance of collaborating with the UAE 

ADFW 2024: Finstreet launches first-of-its-kind international securities financial market infrastructure

With FSRA approval, Finstreet’s regulated subsidiaries are operational, accepting applications from professional investors

ADGM announces plans to establish insurance association to promote industry growth

The association will enhance collaboration, standards, and practices in the insurance industry

Oil prices dip amid supply surplus expectations and China’s stimulus efforts

Brent oil futures fell by 0.1 percent to $73.34 per barrel

UAE healthcare sector aims for 20 percent carbon emission reduction by 2030: Report

New study urges healthcare to adopt sustainability to reduce emissions, energy use, and waste

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