Skip to main content Skip to footer ![Dubai Metro marks 15 years of success: Over 2.4 billion passengers and 4.3 million trips with 99.7 percent punctuality](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/Dubai-Metro.jpg/w=1024,h=683)
Currently, the metro serves around 730,000 passengers daily, making it the preferred transportation choice for many
![Oil prices surge as hurricane threatens U.S. Gulf coast amid market recovery from disappointing jobs data](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/Oil-prices-1-2.jpg/w=1024,h=683)
Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel
![Dubai Chambers supports expansion of Chinese investors into Dubai with new agreement](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/Dubai-Chambers-1.jpg/w=1024,h=683)
Agreement enhances the ability of companies operating in Dubai to enter the Chinese market and build promising business partnerships in Tianjin
![UAE’s EtihadWE launches four facilities totaling $114.9 million to enhance water and electricity services](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/Etihad-water-and-electricity.jpg/w=1024,h=683)
The company aims to address utility demands amid population growth
![Rising bank credit demand in the UAE amid positive economic outlook, says Central Bank](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/CBUAE-positive-economic-outlook.jpg/w=1024,h=683)
In Q2, demand for trade credit remained strong, with a greater appetite for lending
![Wizz Air to launch daily direct flights from Milan to Abu Dhabi with Airbus A321XLR](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/Wizz-Air-A321XLR-Milan-announcement-1.jpg/w=1024,h=684)
The new route starts from June, 2 2025, from AED429
![Saudi Arabia cancels hotel licensing fees to boost tourism investment](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/Saudi-hotels-licensing-fees.jpg/w=1024,h=680)
This change, effective September 4, aims to position the Kingdom as a global tourism leader
![UAE’s ADNOC launches inaugural $4 billion notes offering under GMTN Program](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/ADNOC-debut-bond-transaction.jpg/w=1024,h=684)
The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.
![GCC banks well positioned to continue strong run in 2024: Report](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/GCC-Banks-SP.jpg/w=1024,h=683)
The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1
![Abu Dhabi set to host AIM Congress 2025 in April](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/AIM-Congress-2025.jpg/w=1024,h=684)
The event will address economic challenges through collaborative investment strategies
![Dubai to welcome 22 floors of sustainable luxury living with $54.4 million upcoming residential development](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/Dubai-real-estate-Loutraki.jpg/w=1024,h=683)
Loutraki International is investing in Dubai’s real estate market through the Santorini Residences project
![Saudi Arabia and Türkiye central banks sign MoU to enhance economic cooperation, financial stability](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/09/SAMA-TCMB-1.jpeg/w=1024,h=683)
The central banks will share expertise and resources to address challenges and boost economic development