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Energy
UAE’s ADNOC Drilling to join MSCI flagship indexes, boosting global visibility and investor appeal
The company will become the 12th member of the MSCI UAE index after meeting the necessary criteria
Qatar
Doha, Al Rayyan, and Al Wakrah lead Qatar’s $314.47 million real estate growth in July 2024
Transactions increased 26 percent from the prior month
Banking & Finance
UAE nationals receive $691.53 million in home construction tax refunds from FTA
This covers the period since the service was launched and until the end of the first half of 2024
Banking & Finance
Air Arabia reports $188.67 million net profit in H1 2024, continues network expansion and sustainability efforts
The airline achieved a turnover of $449.22 million, a 19 percent increase year-over-year
Banking & Finance
Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders
This is the fourth listing under their $2 billion trust certificate program
Banking & Finance
Dubai’s Parkin reports $114.62 million in H1 2024 revenue, expands to 200,400 spaces
The company's Q2 2024 financial results saw a 12 percent increase in total revenues, reaching $55.94 million
Energy
Oil prices decline as OPEC lowers 2024 demand forecast amid China slowdown
Global benchmark Brent crude futures dipped 78 cents, or 0.95 percent, to $81.52 a barrel
Miscellaneous
Sweden breaks 50-year trend, transforms from welcoming haven to net emigration as asylum-seeker arrivals hit historic low
Around 5,700 more people have left Sweden than have immigrated to the country
Banking & Finance
UAE’s RAK Properties revenues rise to $166 million on strong residential, commercial, and hospitality demand
This represents a 19 percent growth compared to the same period in 2023
Banking & Finance
Abu Dhabi’s Burjeel logs 10.4 percent revenue jump in H1 2024, reaching $653.4 million
The group saw increases of $37.3 million in outpatient revenue and $22.3 million in inpatient revenue
Banking & Finance
Türkiye enters ‘disinflation’ as CBRT hikes rates to 50 percent, 2024 inflation forecast at 38 percent
CBRT governor cited $26.5 billion increase in reserves, 50 percent target for lira deposits amid global volatility
Banking & Finance
UAE’s ADNOC Drilling aims for $1.3 billion net profits and 148 rigs by 2026, says CFO
The company has raised its medium-term revenue expectations to $3.85 billion for the fiscal year 2024
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