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World Bank partners with ADGM Academy to boost financial literacy, economic knowledge

The collaboration will create an environment that equips individuals, businesses, and governments with the skills to thrive in the evolving financial landscape

Abu Dhabi’s TAQA, JERA and Al Bawani to develop two new highly efficient power plants in Saudi Arabia

These agreements will enable two new CCGT projects in Saudi Arabia with over 3.6 gigawatts capacity 

G20: Crown Prince of Abu Dhabi engages in talks with Presidents of France, Egypt, and South Africa

Yesterday, Sheikh Khaled also engaged in official discussions with Brazilian President Luiz Inácio Lula da Silva

UAE sustains role as key regional hub for trade, business, travel: World Bank

This prominence is due to the country's successful economic diversification and reduced reliance on oil 

DXB welcomes 68.6 million travelers in nine months, up 6.3 percent over last year

In Q3, over 111,300 flights were managed, totaling 327,700 flight movements for the first nine months

Oil prices rise slightly as Norway’s Johan Sverdrup oilfield halts production amid escalating conflict in Ukraine

Brent crude futures for January delivery increased by 15 cents, or 0.2 percent, reaching $73.45 a barrel

What is Bluesky, the new social media platform gaining attention after Trump’s election win? 

Bluesky gained over 2.5 million new users in just a week after the election 

UAE, Brazil strengthening bilateral relations and collaboration in G20 for global development

The UAE is Brazil's largest Middle Eastern partner, with trade at AED13.28 billion in the first eight months

Oil prices surge amid intensifying Ukraine-Russia conflict, persistent demand concerns in China

As of 05:02 GMT, Brent crude futures rose by 29 cents, or 0.4 percent, reaching $71.33 a barrel

COP29: Investor groups with over $10 trillion in assets commit to accelerating climate financing

Sweden announced a contribution of $730 million to the UN Green Climate Fund (GCF), bringing overall contribution to $749 million

Oil prices set for weekly loss on slow Chinese demand, higher supply prospects

The International Energy Agency expects global oil supply to exceed demand in 2025 even if OPEC+ output cuts remain in place

How retailers in UAE, Saudi Arabia are meeting evolving consumer expectations

In the UAE, the market stands at $40 billion, with an anticipated CAGR of 6.5 percent

Bitcoin soars past $90,000 amid Trump-fueled crypto rally

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

Oil prices drop as U.S. inventory data misses expectations, markets look for clarity on Chinese demand

Brent oil futures for January delivery decreased by 0.1 percent, settling at $72.23 per barrel

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