Economics

UAE, Eurasian Economic Commission to enhance economic ties as non-oil trade hits $13.7 billion in H1 2024

Dr. Thani bin Ahmed Al Zeyoudi met Andrey Slepnev in Moscow lately to discuss expanding UAE-Eurasian trade and investment 

Abu Dhabi Housing Authority and Abu Dhabi Commercial Bank collaborate to enhance housing loan accessibility for UAE nationals

This initiative allows eligible citizens to secure extra financing on their AED1.75 million loans for better housing

UAE celebrates 94th Saudi National Day, reinforcing fraternal ties as non-oil trade soars to $280.96 billion from 2014 to 2023

The fraternal ties between the UAE and Saudi Arabia exemplify a unique model of collaboration

Oil prices surge amid rising Middle East tensions, anticipation of Fed rate cuts

Brent oil futures for November rose 0.5 percent to $74.83 per barrel

Sharjah’s Arada completes phases 2 and 3 of Masaar: 986 homes handover begins in 19 million square foot masterplan

Masaar, organized into six gated districts, encompasses a total of 3,000 villas and townhouses 

New Georgian Business Council established by Dubai Chamber of Commerce to boost trade, investment

This initiative enhances collaboration between Dubai and Georgia's private sectors 

Oman-China trade exceeds $27 billion in 2023, enhancing economic ties and investment opportunities: OCCI

Al Saadi pointed out that the private sectors in both nations are crucial to driving mutual partnerships 

Elliott Hill returns to Nike as President & CEO: What this could mean for the brand’s future? 

Hill spent 32 years at Nike, holding senior roles across Europe and North America, and helped grow the business to over $39 billion 

International tourism reaches 96 percent of pre-pandemic levels with 790 million travelers in early 2024 

The surge was fueled by robust demand in Europe and the reopening of markets in Asia and the Pacific 

Etihad Airways marks 20 years of linking India to Abu Dhabi and beyond

The carrier boosted seat capacity from Abu Dhabi to India by adding flights to Ahmedabad, Bengaluru, and Kolkata 

Sharjah Investment Forum 2024 attracts 5,000+ attendees, paving path to smart economies

The event highlighted Sharjah’s strategic role as a prime destination for FDI

Oil prices slip as traders lock in profits, weekly rise boosted by U.S. rate cut

Brent oil futures, set to expire in November, dropped 0.4 percent to $74.60 per barrel

Dubai launches new initiative to attract investments, boost global medical tourism market

New MoU between DHA and DET aims to position Dubai as a leading global medical tourism destination

Türkiye’s Central Bank keeps rates unchanged at 50 percent for sixth month: What’s next for inflation?

Since June 2023, the CBRT has lifted the interest rate from 8.5 percent to 50 percent, a 4,150 basis point increase 

Countdown begins: Dubai Shopping Festival 2024 promises unprecedented excitement for 30th anniversary

The event is set to be the most extraordinary yet, Dubai will come alive with vibrant activities and non-stop fun 

SIF 2024: Agility, sustainability and human capital are keys to smart economies

The UAE has continued to experience healthy growth in FDI and GDP, says Chairman of the DGR in Sharjah

Oil prices decline amid concerns over U.S. economic outlook following Fed’s larger-than-expected rate cut

Brent crude futures for November fell by 34 cents, or 0.46 percent, settling at $73.31 a barrel

UAE’s MoEI, EtihadWE launch initiative to boost renewable energy adoption in Northern Emirates

Northern Emirates residents can now harness energy with rooftop solar panels

ADGM, DMT sign MoU to transfer real estate services on Al Reem Island

The agreement clarifies roles for smooth transition of Al Reem Island Real Estate from DMT to ADGM

Middle East set to achieve $75.6 billion in renewable energy investments: Report

These investments encompass 116 renewable energy are expected to become operational between 2025 and 2030