Skip to main content Skip to footer ![Oil prices weaken on U.S. labor data, demand outlook uncertain](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oil-prices-12.jpg/w=1024,h=683)
Brent oil futures fell 0.1 percent to $75.95 a barrel
![Qatar’s economy to double by 2031 fueled by LNG boom, diversification: Report](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Qatar-economy-1-1.jpg/w=1024,h=683)
Qatar's gas production will stay steady for 140 years before a major boom
![Kuwaiti banks turn to M&A amidst strong fundamentals: Report](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Kuwait-MA.jpg/w=1024,h=683)
The paper noted that banks in Kuwait have strong capital and liquidity despite growth constraints
![Aluminum and iron ore drive Bahrain’s $894.31 million export surge in July 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Bahrain-exports.jpg/w=1024,h=683)
China emerged as the leading import partner, contributing BHD73 million (16 percent) to Bahrain's import basket
![UAE travel: Abu Dhabi Airports welcomes 3 new IndiGo routes to India](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Abu-Dhabi-Airports-Indigo-1.jpg/w=1024,h=683)
The expansion boosts Abu Dhabi-India connectivity, bringing the total number of IndiGo-operated routes to 13
![UAE’s top banks post strong Q2 2024 growth on higher profits, improved asset quality: Report](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/UAE-banks.jpg/w=1024,h=683)
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
![Abu Dhabi’s hotel revenue soars to $865.79 million in first five months of 2024, welcoming 2.4 million guests](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Abu-Dhabi-hotels.jpg/w=1024,h=683)
By the end of May, Abu Dhabi boasted 169 hotel establishments, offering a total of 34,079 rooms
![UAE’s ADQ, ne’ma join forces to combat food waste from farm to table](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/ADQ-food-waste.jpg/w=1024,h=683)
ne'ma aims to reduce food loss and waste by 50 percent by 2030, in line with U.N. Sustainable Development Goal 12.3
![Qatar Airways acquires 25 percent stake in Airlink, expanding African reach](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Qatar-Airways.jpg/w=1024,h=683)
Qatar Airways will expand its reach to 45 destinations across 15 African countries
![Cityscape Global 2024 returns to Riyadh in November, explores sustainable development, smart cities, and mega projects](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/CSG-KV-1080x1080-2-1-1-1.jpg/w=1024,h=683)
The event will feature over 400 exhibitors, 500 speakers, and seven conferences
![Oil prices slide on rising U.S. inventories, easing Middle East tensions](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oil-prices-11.jpg/w=1024,h=683)
Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel
![UAE banks add 15 ATMs in Q1 2024, reaching 4,669](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/CBUAE-ATMs.jpg/w=1024,h=683)
This growth is driven by technological advancements and changes in the financial sector, leading to greater security and efficiency