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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
Oil prices surge amid hurricane Francine concerns, yet demand worries temper gains
Brent crude futures for November rose by 40 cents, or 0.6 percent, reaching $71.01 per barrel
Economy
Abu Dhabi’s Masdar City cuts CO2 emissions by 30.6 percent in 2023, reducing 3,392.6 tons
This is equivalent to 807 cars off the road
Economy
Egypt’s annual inflation rate stands at 25.6 percent in August 2024, says CAPMAS
The general CPI rose to 231.1 points in August 2024, reflecting a monthly inflation rate of 1.9 percent
Economy
Saudi Industrial Production Index rises 1.6 percent in July 2024
The manufacturing sub-index rose by 4.6 percent year-on-year
Economy
Saudi Aramco signs MoUs to collaborate on advanced AI, supercomputing solutions
Aramco has also launched initiatives to enhance advanced digital solutions in its operations
Economy
Qatar, Armenia formalize agreement to strengthen labor sector cooperation
This agreement aims to attract skilled workers, boost their local presence
Economy
OPEC highlights UAE’s robust non-oil sector driven by consumer and business recovery
The report indicates that Dubai attracted 10.62 million international visitors from January to July
Economy
UAE’s DMCC launches AI Centre to propel global AI solutions
The AI Centre will be part of a newly integrated hub that also includes the DMCC Crypto Centre and DMCC Gaming Centre
Economy
DIEZ net profit rises 18 percent in H1 2024, further supporting Dubai’s non-oil economy
The total number of DIEZ-registered companies saw a 4 percent rise during the first half of 2024
Economy
Abu Dhabi Crown Prince wraps up visit to India, reinforces bilateral bonds
Sheikh Khaled emphasized the robust historical, social, and economic connections that the two nations share
Economy
Oil prices rebound as tropical storm Francine raises concerns over supply disruptions amidst mixed demand signals
Brent crude futures increased by 39 cents, or 0.6 percent, reaching $69.58 a barrel
Economy
Crypto fraud losses surge to over $5.6 billion in 2023, 45 percent increase from 2022: Report
Scammers have increasingly taken advantage of the swift and irreversible characteristics of digital asset transactions, says FBI
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