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Economics
Hospitality & Tourism
Abu Dhabi’s Etihad Airways launches daily flights to Boston, Toronto
Etihad will also begin flying its state-of-the-art Airbus A350 once daily to Toronto Pearson Airport in Canada, starting October 27
Markets
Oil prices rise on larger-than-expected U.S. inventory draw, offsetting distillate stockpile build
Brent crude futures rose 0.2 percent to $84.84 per barrel
Economy
Egypt’s economic reforms boost remittances: 26.6 percent monthly rise to $2.7 billion in May 2024
The remittances in May 2023 amounted to around $1.6 billion, as reported by CBE
Economy
E-commerce in Saudi Arabia sees 17.47 percent surge with 40,697 new records in Q2 2024
Riyadh topped the regions in Saudi Arabia for issuing e-commerce records, with 16,535 commercial records
Logistics
Dubai Chambers, VFS Global to accelerate global expansion of local companies, boost trade development
The deal facilitates global expansion of Dubai firms by reducing entry barriers and enabling quicker access to opportunities
Economy
UAE work permit cancellation to take just 45 seconds with zero documents
The new process eliminates the previous requirement of two documents
Banking & Finance
UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals
MENA startups raised $116 million in June 2024, bringing H1 total to $882 million
Markets
Oil prices stabilize as market monitors tropical storm Beryl, geopolitical developments
Brent oil futures for September delivery hovered around $85.72 per barrel
Economy
Oman’s Q1 2024 GDP rises to $27.15 billion driven by non-oil sector growth
This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion
Miscellaneous
Abu Dhabi World Food Security Summit 2024 to empower innovative solutions for hunger-free world
The event is set to be hosted for the first time on November 26-27, 2024
Logistics
Dubai Customs harnesses blockchain to usher in an era of efficient and transparent trade
New platform launched to strengthen collaboration between government entities and logistics industries
Economy
China’s foreign exchange reserves reach $3.22 trillion by end of June 2024
The amount shrank by 0.3 percent compared to the previous month
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