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Economics
Economy
DP World’s Jebel Ali sets new record with 1.4 million TEUs in July 2024
In H1 2024, the port handled 7.3 million TEUs, a 3.9 percent YoY increase
Economy
UAE’s ADX sees $507.2 million in ETF trading value during eight months of 2024
Since the start of 2024, ETF trading volume has reached 450.7 million units
Banking & Finance
Listed firms in GCC report $60.7 billion in net profits, 8.1 percent QoQ growth
Dubai's YoY profit growth reached 30.9 percent in Q2 2024, totaling $6.7 billion
Banking & Finance
Qatar Central Bank releases $1.23 billion in T-bills, attracts $3.58 billion in bids
The bills included QAR300 million for a 7-day term (Tap Issuance) at an interest rate of 5.7815 percent
Banking & Finance
Global video game market expected to reach $257 billion by 2028: Key trends and insights
Over 25 percent of revenue invested in marketing by companies under $1 billion
Miscellaneous
Dubai, Abu Dhabi ranked best destinations for executive digital nomads: Report
The two cities attract hybrid finance and consultancy executives with excellent connectivity and high living standards
Banking & Finance
Dubai’s EGA posts $500 million in H1 2024 net profit on global demand, local market growth
The company reported an adjusted EBITDA of $1.14 billion
Banking & Finance
UAE Islamic T-sukuk auction draws $1.72 billion in bids, oversubscribing by 5.7 times
This $299.49 million auction is part of the Islamic T-Sukuk issuance program for August 2024
Energy
Oil prices show resilience amid supply tightening in Libya and Iraq, but demand worries persist
Brent oil futures for October rose 0.2 percent to $80.08 a barrel
Industry
UAE’s AD Ports climbs to 19th place in 2024 global rankings: Report
The port operator expanded to 33 terminals across 8 countries in 2024
Logistics
Qatar achieves $5.51 billion in trade surplus in July 2024, total exports reach $8.28 billion
Import levels rose by 6.8 percent year-on-year, reaching $2.77 billion
Energy
Abu Dhabi’s Tabreed achieves carbon verification, reducing emissions by 19,320 tons annually
This follows Tabreed's 2023 initiatives, including the first geothermal-powered district cooling plant with ADNOC
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