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Banking & Finance
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
Industry
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.
Health
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
Hospitality & Tourism
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
Markets
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
Egypt
$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
Banking & Finance
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
Hospitality & Tourism
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
Logistics
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
Real Estate
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
Markets
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
Miscellaneous
Widespread Microsoft outage cripples airports, businesses after CrowdStrike glitch
The issue appears to be related to software from the cybersecurity firm CrowdStrike
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