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Economy
UAE’s AD Ports awards $114.34 million crane contracts to ZPMC for terminal projects in Africa
Terminals will get three Super Post-Panamax STS cranes, servicing 21 container rows over 60 meters
Economy
Abu Dhabi’s NMDC Energy starts trading on ADX following 31.3 times IPO oversubscription
The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each
Banking & Finance
AI to contribute $100 billion to UAE’s GDP by 2030
The UAE is solidifying its status as a leading player in the global AI landscape, says Astra Tech founder
Banking & Finance
Abu Dhabi’s Hub71 welcomes 21 startups with $134.9 million in funding
Seven startups will join Hub71+ ClimateTech, gaining tailored resources for their sustainability missions
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
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