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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

Dubai International Chamber establishes representative office in Kazakhstan to boost trade, investment

This initiative is part of 'Dubai Global,' which aims for 50 offices worldwide by 2030 

Mastercard joins Buna to facilitate seamless cross-border payments into and out of MENA region

The move will allow global financial institutions to send fast, cost-efficient payments to Buna via Mastercard Move

Oil prices decline as U.S. inventory data shows larger-than-expected build amid Gulf hurricane concerns

Brent oil futures expiring in January dropped 0.6 percent to $75.11 a barrel

Air cargo grows 9.4 percent in September, reports IATA

ACTKs rose by 6.4 percent relative to September 2023 (8.1 percent for international operations) 

Fitch raises Egypt’s long-term foreign-currency rating to ‘B’ with stable outlook

The agency highlighted improvements in external finances driven by notable foreign investments and strengthened policy initiatives 

Ras Al Khaimah, U.K. Government strengthen partnerships across key trade, investment sectors

The partnership aims to enhance industrial cooperation and facilitate two-way trade between Ras Al Khaimah and the U.K.

IMF to review Egypt’s loan program on Tuesday with GDP growth projected at 4.2 percent for FY2025

Georgieva noted that Egypt's inflation reached 37 percent in 2023 but has decreased to between 25 percent and 26 percent

Oil prices rise as OPEC+ extends production cuts, impacting U.S. election and Chinese stimulus expectations

Brent futures had risen by $1.18 per barrel, translating to a 1.61 percent increase, reaching $74.28 per barrel

81.4 percent of Japan’s oil imports sourced from UAE, Saudi Arabia in September 

UAE stood out with 31.33 million barrels, while Saudi contributed 27.98 million barrels 

Global climate investment gap projected at $2.7 trillion annually by 2030, warns Moody’s

The report noted that investment has risen since the Paris Agreement, but reaching net zero by 2050 needs much more effort 

Oil prices surge as OPEC+ weighs production delays and U.S. gasoline stockpiles drop to two-year low

Brent crude futures, now reflecting the January contract, increased by $1.41, or 2 percent, reaching $74.22 a barrel

FII8: PIF and Google Cloud to launch global AI hub in Saudi Arabia to support ICT goals, foster tech partnerships

This partnership grants customers access to Google Cloud’s technology, boosting growth and AI delivery