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COP29: Multilateral development banks’ climate financing to reach $120 billion by 2030

At COP29, Sweden also pledged approximately $19 million to the fund for responding to loss and damage

Air cargo traffic to double by 2043 driven by growth in emerging markets: Boeing

East and South Asian markets will see the highest traffic growth per year due to expanding economies and rising consumer demand

COP29: Masdar, Albania Power Corporation to explore gigawatt-scale renewable projects in Albania

The partnership leverages KESH's leading position and Masdar's expertise to accelerate Albania's clean energy transition

Elon Musk’s wealth surges by $90 billion in 2024, to head Donald Trump’s department on efficiency

The department will provide advice and guidance from outside the government

UAE fostering global cooperation to ‘Accelerate Action Together’ at COP29

In his keynote address, Al Jaber urged all 198 Parties to “let actions speak louder than words” and to “let positivity prevail”

Oil prices rise modestly but stay near two-week lows after OPEC’s demand growth downgrade

Brent futures had climbed by 17 cents, or 0.24 percent, reaching $72.06 a barrel

COP29 World Leaders Climate Action Summit opens in Baku

Summit seeks to implement and transform key climate-related decisions into concrete actions and credible plans to tackle climate change

Top 5 market highlights to monitor this week

Investors are focusing on upcoming inflation data for clues on how the economy may shift after the election results 

Why are gold prices falling after Donald Trump’s US election win?

Higher inflation levels may force the Fed to a slower easing path, further supporting the dollar and impacting gold prices

Oil prices steady as China’s stimulus disappoints, U.S. supply fears ease

Brent oil futures for January increased by 0.2 percent, reaching $71.95 a barrel

Bitcoin sets new record high, inches close to $90,000 level

Bitcoin reached $89,637 in Asia, up over 25 percent since November 5

Cyber resilience investment becomes key driver of shareholder returns, business growth: Report

More resilient companies generate shareholder returns that are around 50 percent higher than those of their less resilient peers

COP29: UAE hands COP presidency over to Azerbaijan, highlights historic UAE Consensus

During the speech, Dr. Al Jaber called on all parties to 'prove once again that we can unite, act, and deliver'

COP29 begins in Baku with active, effective participation from UAE

COP29's mission is to restrict global warming to 1.5°C, highlighting the critical necessity for investment in climate initiatives

Bitcoin surges to record high of $81,899 as Trump’s election boosts crypto market

Trump embraced crypto during his campaign, promising to make the U.S. the 'crypto capital of the planet'

Global food prices hit 18-month high in October, says FAO

Prices in October rose 5.5 percent annually but remained 20.5 percent below the record high of 160.2 points reached in March 2022

US Fed, UAE Central Bank lower interest rates

Labor market conditions have generally eased, and the unemployment rate has moved up but remains low, the Fed said

September 2024 passenger demand soars with 7.1 percent growth in RPKs: IATA

In terms of total capacity, evaluated through available seat kilometers (ASK), there was a year-on-year increase of 5.8 percent 

Bank of England lowers interest rates to 4.75 percent, anticipates gradual cuts ahead

This marks the second reduction by the central bank this year, following the initiation of its easing cycle in August

Sheikh Hamdan announces partnership with Microsoft to equip one million people with AI skills by 2027

His Highness: “As we usher in the AI era, mastering AI skills is crucial for fostering innovation and driving economic sustainability”

Donald Trump wins US election, set to become president

UAE leaders sent messages of congratulations to Trump on his victory in the US presidential election