Worldwide

Oil prices hold steady amid concerns over Middle East conflicts, sluggish global demand growth

Brent crude futures for December delivery rose by 13 cents, or 0.18 percent, reaching $71.83 a barrel

UAE commits $30 million to boost Ghana’s biodiversity and climate initiatives

The framework outlines six key investment areas, including biodiversity corridors, reforestation

Governments allocate nearly $2 trillion in direct clean energy investment since 2020: IEA

This amount is nearly three times the funding committed after the financial crisis of 2007-08

MBRHE partners with Microsoft to drive digital transformation, cloud computing initiatives for Dubai’s residents

The two entities will collaborate to organize workshops and training programs to develop digital skills among MBRHE employees

DMCC strengthens economic ties as over 500 Italian companies join Dubai’s premier free zone

DMCC's recent engagement with Italy follows an increase in bilateral trade, which surpassed $9 billion in 2023

Mastercard, Amazon Payment Services to enable digital payment acceptance across Middle East and Africa

The payment service provider will use Mastercard Gateway for quick, seamless, and secure transactions in the region

Oil prices rise amid Middle East tensions, upcoming Fed insights on monetary policy

Brent crude futures for November delivery rose by 51 cents, or 0.71 percent, reaching $72.49 a barrel

Job losses in travel and tourism hit 70 million with women and youth facing sharp declines: WTTC

The report highlights the travel and tourism industry's potential for inclusive growth and the urgent need for action

COP28 President calls for ambitious NDCs to keep 1.5°C goal within reach, drive socioeconomic growth

Dr. Al Jaber said the UAE Consensus provides a vital roadmap for action at the ‘Roadmap to Mission 1.5: NDC 3.0’ event

Sheikh Mohammed meets HSBC Holdings group chairman, discusses strengthening financial partnerships

The meeting further addressed Dubai's infrastructure upgrades, reinforcing its role as an investment hub and trade link

Oil prices decline as Libya and OPEC+ boost output, while China’s stimulus offers support

Brent crude futures decreased by 20 cents, or 0.28 percent, settling at $71.40 per barrel

Meta introduces augmented reality glasses Orion with AI integration

Company says Orion has the largest field of view in the smallest AR glasses form to date

Saudi Arabia engaging in high-level discussions with SpaceX to boost space exploration, infrastructure development

The meeting is part of the Kingdom's ongoing initiatives to advance its space sector and improve infrastructure

Oil prices steady amid Libyan production hopes, strong U.S. demand

Brent oil futures for November rose by 0.1 percent to $73.51 per barrel

Sheikh Mohamed strengthens UAE-U.S. relations through key dialogues with U.S. senators on shared interests, global challenges

Key focus areas included the economy, trade, climate action, AI, renewable energy, and sustainability

81 percent of new renewables cheaper than fossil fuels, saving $409 billion since 2000: IRENA

Solar PV costs plummet to 4 cents per kWh, 56 percent lower than fossil fuels

China launches biggest stimulus since the pandemic to revive weakening economy

The central bank also announced a support package that included a 50-basis-point reduction on average interest rates for existing mortgages

Oil prices dip slightly as market reacts to China’s stimulus measures, supply disruptions

Brent oil futures for November delivery dropped 0.1 percent to $75.12 per barrel

Crypto exchange Bybit introduces Islamic account to enhance trading access for Muslim communities globally

The account provides Shariah-compliant trading products for Muslim traders in the digital asset market 

Abu Dhabi’s Masdar announces $1.4 billion acquisition of Saeta from Brookfield

The acquisition encompasses a portfolio of 745 megawatts (MW) of primarily wind energy assets 

UAE, IRENA forge partnership to boost climate ambitions in 20 developing nations

The partnership aims to leverage the UAE’s climate leadership and IRENA’s role in NDC development and sustainable energy transition 

Oil prices surge as China launches economic stimulus amid Middle East tensions, hurricane threat

Brent crude futures for November climbed by 69 cents, or 0.93 percent, reaching $74.59 a barrel

UAE, U.S. strengthen strategic partnership as trade reaches $39.5 billion in 2023

The UAE President's visit marks a significant moment in over fifty years of bilateral relations between the two nations