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Banking & Finance
UAE and Azerbaijan deepening cooperation, unlocking opportunities in trade, tourism, and renewable energy
The two countries agreed to develop economic partnership
Markets
Oil prices head for fourth week of losses as demand worries outweigh supply risks
Brent oil futures for October delivery rose 0.4 percent to $79.84 per barrel
Banking & Finance
UAE’s Alpha Dhabi Holding reports $1.82 billion net profit, $7.97 billion revenue in H1 2024
Net profit from operations also surged to $1.38 billion, marking a 92 percent year-on-year increase
Real Estate
Sharjah’s real estate market soars to $4.95 billion with 10,809 transactions in H1 2024
Seven new real estate projects launched in the emirate, including residential complexes and towers.
Bahrain
GCC, Indonesia initiate talks for comprehensive deal to boost trade and investment
The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs
Banking & Finance
Dubai Financial Market sees spike in new investor accounts, up 85 percent to 56,345
The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys
Banking & Finance
Qatar reports $711.58 million budget surplus on $16.39 billion total revenues for Q2 2024
The surplus was directed towards reducing public debt, and therefore there is no cash surplus
Economy
G20 pushes for great fortunes tax to fund climate disaster preparedness
The G20 DRRWG meeting focused on the critical importance of financing for resilient infrastructure and early disaster risk warnings
Logistics
Kelly Ortberg assumes leadership of Boeing – Who is he and what can we expect?
Ortberg, an experienced veteran of the aerospace industry, has been tasked with turning the struggling planemaker around
Logistics
Dubai’s taxi sector hits 55.7 million journeys, serving 96.9 million passengers in H1 2024
E-bookings accounted for 40 percent of the total number of taxi journeys in Dubai during the first half of this year
Markets
Oil price rallies amid Middle East tensions and OPEC+ meeting, China concerns linger
Brent oil futures expiring in October rose 0.5 percent to $81.24 a barrel
Banking & Finance
Saudi Arabia’s foreign assets rise 5.5 percent to $467.5 billion in June 2024
Data showed that the bank's net foreign assets in June were around SAR1.670 trillion
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