business

Egypt’s external debt dips 8.4 percent to $153.86 billion in five months

Foreign currency inflows into the local market have jumped by about 200 percent

Surge in demand for industrial and logistics assets reaches 185 percent in Dubai, Abu Dhabi: Report

The Jebel Ali Industrial Area Second Category saw rents jump 38.5 percent to AED36 ($9.80) per sq ft.

Dubai launches landmark $28.58 million mental health framework

The new framework features 10 key initiatives that will be launched over the next five years

New luxury resort slated to debut in Saudi giga-project NEOM

The resort will include a long, bridge-like structure that spans 450 meters and is suspended 40 meters above a lagoon

Oil prices fall to 1.5-month low amid weak outlook and surplus concerns

Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel

$7.2 billion revenue at Egypt’s Suez Canal marks $2.2 billion decline amid Red Sea attacks

The canal's total tonnage fell by a third, and the number of transits declined by about 22 percent YoY

UAE and Seychelles partner to promote local currency usage, interlink payment and messaging systems

This includes developing the exchange market, facilitating bilateral trade and direct investment, and remittance settlement

UAE’s Emirates flight operations unaffected amid Microsoft and CloudStrike-related global major IT meltdown

A spokesperson noted that there could be delays to some Emirates flight timings later in the day

DXB airport restores operations after CrowdStrike-linked outage

A global system outage affected the check-in process for some airlines in Terminals 1 and 2 this morning

UAE’s Ajman property transactions top $2.45 billion in H1 2024

This reflects a 33 percent increase compared to the same period in 2023

UAE and global gold prices lose luster amid profit-taking, dollar strength

In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram

Widespread Microsoft outage cripples airports, businesses after CrowdStrike glitch

The issue appears to be related to software from the cybersecurity firm CrowdStrike