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![Arab Monetary Fund optimistic about UAE’s economic outlook, forecasts 6.2 percent growth in 2025](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
The report noted strong performance in the fuel and tourism sectors
![Oil prices steady on strong U.S. GDP, but headed for third weekly losses](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures expiring in September were stable at $82.38 per barrel
![Egypt’s economy growth to rebound to 4.99 percent in 2025/26 amid policy tighteningÂ](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The country’s growth is projected at 4 percent for FY 2024/2025
![Kuwait’s real estate market reports $300.86 million in transactions, 14 percent rise week-over-week](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The surge is equivalent to an additional KWD13 million compared to the previous week's trading value of KWD79 millionÂ
![Egypt sets sights on $5 billion investment goal with India by 2027](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Through renewable energy, green hydrogen, and engineering initiatives
![Oil prices slip amid concerns over China’s demand, pending U.S. economic data](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel
![Dubai consolidates position as global business events hub, winning 175 bids in H1 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This marks a 24 percent increase compared to the same period last year
![Kuwait sees deficit of $5.23 billion in FY 2023/24 despite non-oil revenue growth](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20579'%3E%3C/svg%3E)
The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion
![Türkiye terminates $5 billion deposit with Saudi Arabia to reduce external debt](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The $5 billion deposit was made by Saudi Arabia before Türkiye's presidential and parliamentary elections last year
![UAE announces $216.31 million in pension payments for July 2024, benefiting 48,199 pensioners](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This marks an increase compared to July 2023, when AED711,323,785.25 was allocated to 46,835 recipients
![UAE, Indonesia to boost cooperation in public finance, debt management, and climate finance](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The two countries enjoy thriving bilateral trade, with $4 billion in volume in 2023Â
![Oil prices rebound after recent losses as industry data shows inventory drop, but surplus looms in 2025](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel
![Kuwait’s inflation slows to 2.8 percent in June, lowest since 2020, as food and rent costs cool](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Price rises in the food & beverages sub-component eased to a still-elevated 5.6 percent down from 6.1 percent in May
![Egypt’s external debt dips 8.4 percent to $153.86 billion in five months](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The new framework features 10 key initiatives that will be launched over the next five years
![Oil prices fall to 1.5-month low amid weak outlook and surplus concerns](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
This includes developing the exchange market, facilitating bilateral trade and direct investment, and remittance settlement
![UAE and global gold prices lose luster amid profit-taking, dollar strength](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram
![ECB keeps interest rates unchanged, ‘wide open’ on September decision](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The Central Bank wants more evidence that inflation is still on track to reach the 2 percent target by the end of 2024
![Egypt’s Central Bank holds key rates amidst 2.2 percent GDP growth and 27.5 percent inflation](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The bank noted that "the current monetary stance is appropriate to support the sustained moderation of inflation."
![Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel
![Dubai’s real estate transactions surge 35.7 percent to $33.5 billion in Q2 2024: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The total transaction volume saw a 60.06 percent year-on-year growth, with 48,220 transactions recorded