Worldwide

Oil prices surge as hurricane threatens U.S. Gulf coast amid market recovery from disappointing jobs data

Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel

iPhone 16 launch: Here’s what to expect at Apple’s much-awaited event

iPhone 16 could become a milestone release for Apple as it is the first with Apple Intelligence

OPEC+ members extend voluntary output cuts for two more months as oil prices slump

Overall, OPEC+ is cutting output by 5.86 million barrels per day, about 5.7 percent of global demand

Oil prices rise as OPEC+ members agree to extend voluntary production cuts

Brent was on track to drop nearly 8 percent this week, while WTI was headed for almost a 6 percent decline

Pressure on inequality rises as labor income share stagnates, SDG targets not on track: ILO

Nearly 40 percent of the reduction in the labor income share occurred during the pandemic years of 2020-2022

Dubai to welcome 22 floors of sustainable luxury living with $54.4 million upcoming residential development

Loutraki International is investing in Dubai’s real estate market through the Santorini Residences project

Saudi Arabia and Türkiye central banks sign MoU to enhance economic cooperation, financial stability 

The central banks will share expertise and resources to address challenges and boost economic development

Oil prices gain slightly as OPEC weighs output delay amid falling U.S. stockpiles

Brent crude futures for November rose by 15 cents, or 0.1 percent, to $72.85

Türkiye’s inflation drops to 51.97 percent in August 2024 as disinflation continues

Consumer price inflation (CPI) rose 2.47 percent in August, driven by higher gas prices

Italy’s Saipem secures $1 billion in two major offshore contracts with Saudi Aramco

Saipem will be responsible for the EPCI three production deck modules, 33 km of subsea pipelines, and 34 km of power cables

Oil prices decline amid potential return of Libyan supply to the market

Brent Oil Futures fell by 4.9 percent, closing at $73.75 per barrel

Travel industry set to add record $11 trillion to global GDP in 2024

The industry's contribution to global GDP is expected to rise by 12.1 percent year-over-year

Türkiye’s exports hit $170.8 billion in eight months, 3.9 percent increase year-on-year

Imports fell 8.7 percent to $225.7 billion, narrowing trade deficit by 43.4 percent

Air Arabia to launch five weekly non-stop flights to Warsaw starting December 20, 2024

This addition makes Warsaw the second city in Poland to be served by Air Arabia, following Krakow

Türkiye’s economic growth falls to 2.5 percent in Q2 2024 amid rising interest rates

Growth is stabilizing, the current account deficit is narrowing, risk premiums are down, says minister

Algeria joins BRICS New Development Bank: A new era in economic collaboration

By joining the BRICS financial branch, Algeria is advancing its global financial integration

Oil prices plummet amid China’s economic slowdown, ongoing Libyan supply issues

Brent crude futures had fallen by 37 cents, or 0.48 percent, settling at $77.15 a barrel

UAE oil imports to Japan reach 31.07 million barrels in July 2024, 49.1 percent of total

Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels

Kuwait Warba Bank’s $500 million sukuk issuance on London Stock Exchange draws $1.8 billion in 3.5x demand

These five-year sukuk support projects advancing ESG goals aligned with sustainability objectives

Oil prices drop as OPEC+ production rises, demand weakens

Brent crude futures dropped by 61 cents, or 0.8 percent, settling at $76.32 a barrel

Global air cargo demand up 13.6 percent in July 2024, eighth month of double-digit growth: IATA

Air cargo demand reached record highs year-to-date in July, with robust growth across all regions, says director general

Global video game market expected to reach $257 billion by 2028: Key trends and insights

Over 25 percent of revenue invested in marketing by companies under $1 billion

Dubai, Abu Dhabi ranked best destinations for executive digital nomads: Report

The two cities attract hybrid finance and consultancy executives with excellent connectivity and high living standards