Skip to main content Skip to footer ![WTO anticipates gradual recovery in global merchandise trade despite geopolitical tensions, inflationary pressures](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Global-trade-WTO-1.jpg/w=1024,h=681)
The organization highlighted disparities between GDP growth and merchandise trade performance
![Dubai Silicon Oasis recognized as Middle East Free Zone of the Year for Innovation Zones](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Dubai-Silicon-Oasis-HQ-1-1-1.jpg/w=1024,h=681)
DSO celebrated four awards at the fDi Global Free Zones of the Year Awards
![ADNOC gets all approvals to buy 50 percent plus 1 share stake in Fertiglobe](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/ADNOC.jpeg/w=1024,h=683)
A block trade will occur on the Abu Dhabi Securities Exchange (ADX) today, October 11, 2024, settling on October 15
![Saudi Arabia, Oman sign MoU to advance economic resilience and green initiatives](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Saudi-Oman-economy-main-1-1.jpg/w=1024,h=601)
This MoU is designed to facilitate cooperation through the sharing of information, expertise, and research
![Emirates invests $48 million in advanced training systems for 3 full flight simulators](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Emirates-main-1-1.jpg/w=1024,h=683)
Emirates has 65 A350s and 205 777Xs on order, supporting its growth and enhancing route flexibility
![Dubai Islamic Bank issues $500 million additional Tier 1 Sukuk](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Dubai-Islamic-Bank-sukuk-1.jpg/w=1024,h=683)
The issuance drew a diverse investor base, including banks and fund managers from Europe, Asia, and the Middle East
![Dubai Department of Economy and Tourism to present innovative initiatives at GITEX Global, Expand North Star](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/UAE-Economy-Tourism-GITEX-Expand-1.jpg/w=1024,h=683)
At the event, DBLC will launch solutions to enhance the investor experience and improve business operations in Dubai
![DWTC, RTA, and Dubai Police collaborate for seamless citywide operations at GITEX Global 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/GITEX-GLOBAL.jpg/w=1024,h=682)
This focus on traffic management and safety highlights Dubai's role as a top host of mega events
![Oil prices dip amid strong U.S. inflation data, yet remain on track for weekly gains due to Middle East tensions](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/03/Oil-prices-1-1-1-2.jpg/w=1024,h=681)
Brent crude futures for December delivery dropped 0.5 percent to $78.98 a barrel
![COP28 President urges global unity and action at COP29 to advance climate goals, build on UAE Consensus](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/COP28-UAE-Consensus-1.jpeg/w=1024,h=683)
The UAE Consensus serves as a crucial roadmap for fulfilling the aspirations of the Paris AgreementÂ
![Egypt’s inflation reaches 26.4 percent in September driven by fuel, electricity hikes](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Egypt-inflation-1-1.jpg/w=1024,h=683)
On a month-to-month basis, prices increased by 2.1 percent, consistent with the previous month's 2.1 percent rise
![22 percent of UAE’s non-oil trade transported by road in 2023, totaling $156.9 billion](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/UAE-railway-non-oil-trade2-1.jpg/w=1024,h=682)
UAE Minister Suhail Al Mazrouei said the advanced transport system has boosted the UAE's competitivenessÂ