Worldwide

Tesla shares crash after Elon Musk showcases Optimus humanoid robot

Optimus will cost around $20,000 to $30,000 in the long term, stated Elon Musk

e& to transform digital landscape by showcasing AI in action at Gitex Global 2024

After a year of growth, e& will reveal its latest advancements in AI, connectivity, and digital transformation 

Oil prices fall on weak Chinese data and Middle East instability

Brent oil futures for December delivery dropped by 1.8 percent, settling at $77.65 per barrel

WTO anticipates gradual recovery in global merchandise trade despite geopolitical tensions, inflationary pressures

The organization highlighted disparities between GDP growth and merchandise trade performance

Oil prices dip amid strong U.S. inflation data, yet remain on track for weekly gains due to Middle East tensions

Brent crude futures for December delivery dropped 0.5 percent to $78.98 a barrel

Outstanding global sukuk up 8.5 percent to $900 billion in Q3 2024, says Fitch

Fitch expects rates to reach 4.5 percent at the end of 2024 and 3.5 percent at the end of 2025, boosting Q4 and 2025's issuance activity

Oil prices rise after two-day decline amid Middle East tensions, expected Chinese stimulus

Brent crude futures for December delivery climbed 0.4 percent to $76.89 a barrel

Dubai’s Empower signs agreement with Mitsubishi Heavy Industries to supply 100,000 RT chillers

The contract includes 18 energy-efficient water-cooled chillers with a total capacity of 56,250 RT, set for delivery in 2025

Dubai’s dnata secures multi-year catering deal with T’way Air in Rome to supply 80,000 meals annually

T’way Air will operate three weekly flights connecting the Italian capital with South Korea 

QatarEnergy signs 20-year naphtha deal with Shell to deliver 18 million tons starting April 2025

QatarEnergy and Shell have a strong alliance with multiple joint investments in the energy sector, both in Qatar and globally

Italy’s Raccortubi S.p.A invests $6.8 million in Sharjah’s Hamriyah Free Zone

This investment highlights Hamriyah Free Zone's effort to attract diverse foreign investments 

Human Mobile Devices is putting the ‘human’ back into phone design with its new smartphone: The HMD Skyline 5G

Crafted from recycled aluminum, built to last longer with great battery cycle and easy self-repair innovative design

Oil prices rebound as market reacts to U.S. inventory surge, Middle East tensions ease

Brent crude futures for December delivery climbed 0.6 percent to $77.63 per barrel

Abu Dhabi’s Modon Holding, U.K. Candy Capital announce JV partnership in ultra-luxury real estate

The joint venture will deliver upscale residential, commercial, and hospitality projects

UAE, South Korea enhance collaboration in public oversight and integrity

In May 2024, the UAE and South Korea announced a CEPA to promote free trade and bilateral investment in key sectors 

ADNEC Group’s Tourism 365 launches first charter flight from Uzbekistan to Al Ain

This initiative is part of Tourism 365's partnership with EasyBooking to boost tourism and enhance connectivity 

Cointelegraph establishes Middle East office among 600+ Web3 firms at DMCC Crypto Centre

This collaboration is expected to provide Cointelegraph with valuable opportunities to engage with the broader Web3 ecosystem

Abu Dhabi Department of Energy engages stakeholders to improve safety, compliance in the petroleum sector

Voluntarily following safety protocols provides key benefits: safer communities, greater efficiency, cost savings, and a stronger reputation 

Saudi solutions by stc to showcase AI excellence in Dubai’s GITEX exhibition

These advanced AI applications will help sectors navigate digital transformation and engage in global markets

Oil prices retreat amidst ongoing concerns over Middle East conflict, hurricane impact

Brent crude futures for December delivery dropped 0.6 percent to $80.42 a barrel

Oil prices dip on oversupply concerns amid rising Middle East tensions

Brent crude rose 8 percent last week, marking the largest weekly gain since January 2023

Abu Dhabi’s Masdar expands clean energy to 31.5 GW, generating 26,700 GWh and avoiding 14 million tons of CO2e

This is up from 10 million tons last year, equivalent to removing nearly 870,000 vehicles