Economics
Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel
Price rises in the food & beverages sub-component eased to a still-elevated 5.6 percent down from 6.1 percent in May
Foreign currency inflows into the local market have jumped by about 200 percent
The Jebel Ali Industrial Area Second Category saw rents jump 38.5 percent to AED36 ($9.80) per sq ft.
The new framework features 10 key initiatives that will be launched over the next five years
Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel
The canal's total tonnage fell by a third, and the number of transits declined by about 22 percent YoY
This includes developing the exchange market, facilitating bilateral trade and direct investment, and remittance settlement
In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram
The Central Bank wants more evidence that inflation is still on track to reach the 2 percent target by the end of 2024
The bank noted that "the current monetary stance is appropriate to support the sustained moderation of inflation."
