Economy Middle East

business

Ten startups selected for second edition of MIT DesignX Dubai Accelerator
Banking & Finance

Ten startups selected for second edition of MIT DesignX Dubai Accelerator

The program features a comprehensive curriculum crafted by MIT, which has proven successful in its first cohort

PIF invests $200 million in first globally listed Saudi ETF
Markets

PIF invests $200 million in first globally listed Saudi ETF

This move is anticipated to further enrich the Saudi market.

Oil prices plummet by 0.5 percent as U.S. inventories surge, China reports weak data
Energy

Oil prices plummet by 0.5 percent as U.S. inventories surge, China reports weak data

Brent crude futures for March delivery decreased by 0.5 percent, settling at $75.79 per barrel

DAE signs definitive agreement to acquire 100 percent of Nordic Aviation Capital
Banking & Finance

DAE signs definitive agreement to acquire 100 percent of Nordic Aviation Capital

The transaction will be adequately capitalized and financed through internal resources and secured debt financing

Saudi Arabia’s Nice One debuts strong: $320 million IPO soars 30 percent
Markets

Saudi Arabia’s Nice One debuts strong: $320 million IPO soars 30 percent

Shares of the online cosmetics retailer soared to as high as SAR45.5 ($12.1) each

Sheikh Hamdan: Dubai’s enduring public-private partnerships key catalyst for economic growth, global competitiveness
Economy

Sheikh Hamdan: Dubai’s enduring public-private partnerships key catalyst for economic growth, global competitiveness

H.H. reaffirmed Dubai's commitment to promoting business growth and sustainable development

Oil prices rise to $77.41 amid 4 million barrels drop in U.S. inventories
Energy

Oil prices rise to $77.41 amid 4 million barrels drop in U.S. inventories

West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel

ATM 2025 to address soaring growth within aviation sector from April 28 to May 1, 2025
Hospitality & Tourism

ATM 2025 to address soaring growth within aviation sector from April 28 to May 1, 2025

New technology, sustainable aviation, corporate travel, and the ‘gate escape’ to be discussed in detail

Egypt targets 5-6 percent GDP contribution from mining sector
Economy

Egypt targets 5-6 percent GDP contribution from mining sector

The minister announced plans to launch a Mineral Resources Portal and offer mining areas for investment in 2025 

Egypt’s net foreign reserves surge to $47.109 billion in December 2024
Banking & Finance

Egypt’s net foreign reserves surge to $47.109 billion in December 2024

At the close of August 2024, Egypt's net international reserves reached $46.597 billion

BRICS bloc officially welcomes Indonesia as new member
Economy

BRICS bloc officially welcomes Indonesia as new member

Indonesia joining BRICS enhances collaboration with developing nations based on equality and sustainable development

Qatar Chamber issues 154,778 transactions in 2024, up 67 percent
Logistics

Qatar Chamber issues 154,778 transactions in 2024, up 67 percent

These transactions comprised 50,262 certificates of origin, with 49,405 being issued electronically