Skip to main content Skip to footer ![Oil prices soar on optimism over U.S. demand, potential OPEC+ output delays](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Oil-prices-5.jpg/w=1024,h=682)
Brent crude futures were up by 47 cents, or 0.65 percent, reaching $73.02 a barrel
![Dubai Internet City: 25 years of transforming Middle East’s digital landscape, empowering global tech firms](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Dubai-Internet-City-25-1-1.jpg/w=1024,h=683)
Dubai Internet City’s ecosystem has grown in 2024 to include multinational corporations, start-ups, and Fortune 500 companies
![Abu Dhabi Airports welcomes 21.7 million passengers as of September 30, 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Abu-Dhabi-Airports-1.jpg/w=1024,h=683)
This represents a 31.2 percent yearly growth
![Air Arabia Abu Dhabi to introduce new direct flights to Russia’s Yekaterinburg starting December 27](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Air-Arabia-Abu-Dhabi-1-1.jpg/w=1024,h=683)
This new non-stop service will run twice weekly, offering convenient access between Zayed International Airport and Koltsovo International Airport
![Egypt signs MoU with DP World to explore development of 500-acre public free zone](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Egypt-DP-World-main-1.jpg/w=1024,h=682)
This initiative aims to target key industries such as electronics, automotive, apparel, and footwear
![Etihad Airways to launch new flights to Egypt’s Al Alamein starting July 2025](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Etihad-Airways-Al-Alamein-Egypt-1.jpg/w=1024,h=682)
The move will offer travelers direct access to the Al Sahel region, renowned for its vibrant and rapidly developing coastal resorts
![Dubai Real Estate Sector Strategy 2033 set to ignite surge in transactions, attract global investments](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Dubai-real-estate-strategy.jpg/w=1024,h=683)
The strategy seeks to elevate economic impact through enhanced transparency and strategic investment initiatives
![Sharjah Airport achieves over 4.3 million passengers and 27,758 flights in Q3 2024, marking 10 percent yearly increase](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Sharjah-Airport-1.jpeg/w=1024,h=682)
The airport surpassed 15.3 million passengers in 2023 with a 17.4 percent growth rate
![FII8 conference explores geoeconomics and future investments](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/FII8-main.jpg/w=1024,h=682)
Highlighting the need for investment, development support, and strong legal frameworks to attract international investors
![UAE gold prices soar, global rates hit record high ahead of Diwali](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Gold-prices-7.jpg/w=1024,h=682)
Markets are also bracing for a series of economic indicators in the coming days
![Oil prices climb following unexpected draw in U.S. oil stocks, anticipation of key economic data](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Oil-prices-4.jpg/w=1024,h=682)
Brent oil futures for December delivery climbed 0.5 percent to $71.50 per barrel
![Dubai’s du profits rise 49.7 percent to $517.2 million in nine months](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/du-profits-main.jpg/w=1024,h=683)
During Q3, net profit surged to AED719 million, representing the highest quarterly net profit in the past three years