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Economics
Markets
Oil prices hold near two-month high as inventory draw offsets hurricane worries, dollar weakness
Brent crude futures for September delivery rose 0.2 percent to $86.41 per barrel
Economy
U.S. manufacturing PMI slips below 50 in June as demand remains subdued
This marked the 19th contraction in the manufacturing sector over the last 20 months
Banking & Finance
Saudi PIF’s revenues soar 100 percent to $88.22 billion in 2023
The fund swung to a profit of $36.81 billion in 2023, after posting a loss of $15.6 billion a year earlier
Markets
Oil prices rise as demand optimism builds ahead of U.S. inventory report
Brent crude futures rose 2 percent to $86.41 per barrel
Economy
Saudi Arabia’s foreign direct investment rises 5.6 percent to $2.53 billion in Q1 2024
This growth underscores Saudi Arabia's continued appeal to international investors
Hospitality & Tourism
Diving into Seychelles’ tourism progress: A paradise with a purpose
Discover the country’s sustainability and conservation efforts
Telecom
e& UAE, Khalifa Fund for Enterprise Development partner to accelerate local startup growth
Khalifa Fund members will gain access to special offers and tailored telecommunications and digital solutions from e& UAE through a dedicated online portal
Hospitality & Tourism
From Middle East to Africa, travel sector reaches new heights in 2024: Report
UAE ranked among the top 10 global travel destinations in the past year
Banking & Finance
Dubai launches new mixed-use development project ‘DIFC Square’
The project will expand DIFC's real estate with offices and retail, meeting the demand for prime office space in Dubai's financial district
Economy
Experts forecast robust growth for the UAE economy in 2024 amid global challenges
In 2023, the UAE's GDP reached AED1.68 trillion, growing by 3.6 percent
Markets
Oil prices surge amid weaker dollar, rate cut bets
Brent oil futures for September delivery increased 0.3 percent to $85.29 per barrel
Economy
Dubai approves $6.8 billion FDI program to attract $176.96 billion in investments by 2033
New initiatives launched to make Dubai one of the world's top three urban economies by 2033.
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