Skip to main content Skip to footer ![UAE’s AD Ports climbs to 19th place in 2024 global rankings: Report](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/AD-Ports-1.jpg/w=1024,h=683)
The port operator expanded to 33 terminals across 8 countries in 2024
![Qatar achieves $5.51 billion in trade surplus in July 2024, total exports reach $8.28 billion](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Qatar-trade-surplus-1.jpg/w=1024,h=683)
Import levels rose by 6.8 percent year-on-year, reaching $2.77 billion
![Abu Dhabi’s Tabreed achieves carbon verification, reducing emissions by 19,320 tons annually](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Tabreed-Verified-Carbon-Standard-1.jpg/w=1024,h=683)
This follows Tabreed's 2023 initiatives, including the first geothermal-powered district cooling plant with ADNOC
![UAE’s MoEI partners with RAK Petroleum Authority to drive sustainable energy transition](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/MoEI-RAK-energy.jpeg/w=1024,h=683)
The agreement emphasizes data exchange, natural hydrogen research, and carbon capture
![Mideast airlines register 14.7 percent air cargo growth in July 2024 amid global trade boost: IATA](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/IATA-air-cargo.jpg/w=1024,h=683)
Asia-Pacific airlines led with 17.6 percent air cargo demand growth
![Oman’s real estate transactions hit $4.41 billion by end of July 2024, up 6.4 percent](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oman-real-estate-1.jpg/w=1024,h=683)
The total value of sales contracts reached OMR631.3 million during this period
![Dubai’s Dragon Oil’s $10 billion investment fueling Turkmenistan’s energy sector](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Dragon-Oil1.jpg/w=1024,h=683)
The company eyes more offshore concessions in Turkmeinistan
![Celebrating Emirati Women’s Day: Visa’s ‘She’s Next’ returns to UAE with third edition](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Visa-womens-day.jpg/w=1024,h=683)
The third edition supports women entrepreneurs in publishing, fashion, food, and more over several months
![Oil prices steady amid smaller U.S. inventory draw, Libya’s supply concerns](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oil-prices-16.jpg/w=1024,h=683)
Brent oil futures for October delivery dipped slightly to $78.62 a barrel
![GCC listed banks post record $14.8 billion net profit in Q2 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/GCC-listed-banks.jpg/w=1024,h=683)
Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023
![Dubai Centre for Family Businesses introduces new guide on governance, strategic services](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Dubai-Chambers-Family.jpg/w=1024,h=683)
This guide provides an overview of Family Office governance structures, their expertise, services, and key benefits
![Dubai Aerospace Enterprise acquires 23 aircraft for $1.1 billion](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Dubai-Aerospace-Enterprise.jpg/w=1024,h=683)
The portfolio has an average age of 3.4 years, a lease term of 8.8 years, and serves 13 airlines in 9 countries