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Economy
Arab Monetary Fund optimistic about UAE’s economic outlook, forecasts 6.2 percent growth in 2025
The report noted strong performance in the fuel and tourism sectors
Technology
UAE wins bid to host COSPAR 2028, world’s largest space research event
The country has become a leading hub for global scientific research, especially in space exploration
Markets
Oil prices steady on strong U.S. GDP, but headed for third weekly losses
Brent oil futures expiring in September were stable at $82.38 per barrel
Economy
Egypt’s economy growth to rebound to 4.99 percent in 2025/26 amid policy tightening
The country’s growth is projected at 4 percent for FY 2024/2025
Kuwait
Kuwait’s real estate market reports $300.86 million in transactions, 14 percent rise week-over-week
The surge is equivalent to an additional KWD13 million compared to the previous week's trading value of KWD79 million
Banking & Finance
Egypt sets sights on $5 billion investment goal with India by 2027
Through renewable energy, green hydrogen, and engineering initiatives
Hospitality & Tourism
Saudi Arabia’s NEOM awarded $27.7 million cement supply deal with Al Jouf, Webuild
The contract duration is 41 months from the date of signing and is subject to increased quantities
Banking & Finance
Dubai’s Mashreq leads $3.25 billion sustainability-linked financing for GEMS Education
The funding aims to boost sustainability within the education sector
Markets
Oil prices slip amid concerns over China’s demand, pending U.S. economic data
Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel
Economy
CrowdStrike outage: Why hasn’t the issue been fixed yet?
The problem has been identified, and a fix has been issued. But why isn't everything back on track yet?
Miscellaneous
Dubai consolidates position as global business events hub, winning 175 bids in H1 2024
This marks a 24 percent increase compared to the same period last year
Economy
Kuwait sees deficit of $5.23 billion in FY 2023/24 despite non-oil revenue growth
The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion
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