Skip to main content Skip to footer ![Emirates strengthens connectivity, expands travel options through new MoUs with Vietnam Airlines and VietJet](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Emirates-Vietnam-Airlines.jpg/w=1024,h=682)
The MoUs were formalized during the Vietnam - UAE Business Forum, which took place recently at the Hilton Dubai Palm Jumeirah
![Qatar records $4.85 billion surplus of foreign merchandise trade in September 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Qatar-foreign-merchandise-1.jpg/w=1024,h=682)
Imports of goods reached approximately $2.71 billion, up 4.9 percent YoY
![Sheikh Mohammed approves Dubai’s largest ever budget for 2025-2027 with $82.2 billion expected revenue](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/UAE-budget.jpg/w=1024,h=683)
For FY 2025, estimated expenditures are set at AED86.26 billion, with anticipated revenues of AED97.66 billion
![QatarEnergy partners with TotalEnergies on major 1.25 GW solar project in Iraq](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/QatarEnergy-TotalEnergies-Iraq.jpg/w=1024,h=683)
This project aims to be one of the world's largest, featuring 2 million high-efficiency bifacial solar panels on single-axis trackers
![Orange Middle East and Africa, Mastercard collaborate to digitize payments for millions across Africa by 2025](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Orange-Middle-East-and-Africa-and-Mastercard-partner-to-digitize-payments-for-millions-across-Africa-by-2025.jpg/w=1024,h=682)
Partnership to empower millions of Orange Money wallets with digital payments by 2025, boosting financial inclusion in seven countries
![Emirates resumes daily service to Australia’s Adelaide with Boeing 777-200LR](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Emirates-Adelaide.jpg/w=1024,h=683)
This renewed service provides travelers with more than 4,200 seats weekly, linking Dubai with the capital of South Australia
![Modon Holding partners with LuLu to develop retail facilities in UAE, Egypt](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Modon-Lulu-1.jpeg/w=1024,h=682)
The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences
![Ras Al Khaimah reports 28.6 percent growth in commercial licenses in first 9 months of 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Ras-Al-Khaimah-commercial-licenses-1.jpg/w=1024,h=683)
The first nine months of 2024 recorded the second-highest number of new licenses in the last 10 years, with a total of 1,576 licenses
![Sheikh Mohammed and Vietnam PM discuss enhancing bilateral cooperation, sign CEPA](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/MBR-Vietnam3.jpg/w=1024,h=682)
CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism
![UAE attracts $16 billion in greenfield FDI capital inflows in 2023](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/UAE-FDI.jpg/w=1024,h=683)
The UAE expects these investments to generate nearly 50,000 jobs from 1,332 projects
![stc Group inks strategic partnership with Future Investment Initiative Institute, 8th annual conference](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/stc-FII8.jpeg/w=1024,h=682)
stc Group will be participating in the panel session titled 'Is I.T. Infrastructure One-Size-Fits-All?'
![Oil prices fluctuate as U.S. purchasing plans and election anxieties impact market sentiment](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Oil-prices-3.jpg/w=1024,h=683)
Brent crude futures edged up by 3 cents to $71.45 a barrel