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Economics
Industry
Oman climbs five spots in 2024 Competitive Industrial Performance Index
Oman's tech investments, automation, and supply chain consolidation have driven economic improvement
Logistics
Saudi Arabia’s current account surplus surges to $7.6 billion in Q1 2024, driven by strong service exports
Services exports in the three months to the end of March hit $15.64 billion, the second-highest quarterly figure on record
Sustainability
Tadweer Group launches four new subsidiaries to enhance waste recycling, conversion in Abu Dhabi
Tadweer Environmental Services and Solutions will focus on public waste collection activities
Markets
Oil prices slide as weak U.S. economic data raises demand concerns
Brent crude futures were down 48 cents, or 0.55 percent, at $86.86 a barrel
Logistics
Global trade sees modest growth in Q1 2024, poised to reach $32 trillion mark: Report
China, India, and U.S. drive uptick in global trade value
Economy
Emerging economies set to dominate future agricultural growth over next decade: Report
India and Southeast Asian countries are projected to account for 31 percent of global consumption growth by 2033.
Economy
Türkiye’s inflation eases to 71.6 percent in June, signaling success of economic reforms and tighter monetary policy
This marks first decrease in months as disinflation process begins
Economy
South Korea’s foreign reserves fall $620 million in June amid currency swap, bond payments
As of the end of June, the country’s foreign reserves stood at $412.21 billion
Logistics
UAE’s 7X reveals expansion plans to strengthen diversified portfolio, global presence
As a member of the Universal Postal Union representing 192 countries, 7X can facilitate access to a global postal network
Sustainability
UAE’s ADIB releases comprehensive ESG report, highlights $1.51 billion in sustainable finance and net zero commitments
The bank reduced Scope 1 emissions by 65 percent compared to 2022 and set 2030 emissions reduction targets for six portfolio sectors
Real Estate
Dubai’s Q2 residential real estate market soars with 35,310 transactions and 20.5 percent YoY growth
The surge was driven by the rising popularity of customizable units and stable investment returns
Hospitality & Tourism
Saudi’s inbound visitor spending surpasses $12 billion, travel account surplus reaches $6.39 billion
Outbound travelers from the Kingdom spent an estimated $5.59 billion
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