Skip to main content Skip to footer ![Saudi real estate sector contributes 5.9 percent to GDP, hits $169.5 billion in transactions](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Saudi-Arabia-real-estate2.jpg/w=1024,h=683)
The sector recorded more than 280,000 transactions since the beginning of 2024
![Dubai Airports leverages AI to streamline inventory management, enhance airport operations](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Dubai-Airports.jpg/w=1024,h=683)
The MRP tool boosted forecast accuracy 30 percent, enabling precise inventory planning and cutting excess stock 12 percent
![UAE’s MoF issues Public-Private Partnership Manual, defines priority sectors for first phase](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/UAE-PPP.jpg/w=1024,h=683)
The manual aims to leverage private sector expertise to benefit the government
![Oil prices dip amid lingering demand concerns, U.S. inventory build](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Oil-prices-14.jpg/w=1024,h=683)
Brent oil futures expiring in August fell 0.1 percent to $84.90 per barrel
![Dubai secures 12th spot in global wealth and lifestyle report, solidifying position as premier luxury destination](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Dubai-Julius3.jpg/w=1024,h=682)
The emirate emerged as the 6th most expensive city in EMEA, attracting wealthy residents with its flourishing economy
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Brent crude oil futures for August delivery rose 0.1 percent to $86.07 per barrel,
![Egypt secures $2 billion in budget support from key development partners to boost private sector](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Egypt-budgt-support.jpg/w=1024,h=683)
During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU
![Saudi Arabia boosts maritime sustainability with new multimillion-dollar waste recycling plant in Jeddah](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Saudi-Mawani.jpg/w=1024,h=683)
The project, valued at $8 million, will cover an area of 10,000 square meters
![Saudi Arabia sees sharp increase in FDI to $65 billion after pandemic: Report](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Saudi-Arabia-FDI-1.jpg/w=1024,h=683)
The Kingdom emerged among West Asia's top recipients
![Saudi Arabia’s M&A deal volume surges to $955 million in Q1 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/Saudi-MAs.jpg/w=1024,h=683)
The chemicals sector accounted for 52.4 percent of the total
![World Bank announces $700 million in financing for Egypt](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/06/World-Bank-Egypt.jpg/w=1024,h=683)
The support aims to boost Egypt's private sector, fiscal resilience, and green growth
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Brent oil futures expiring in August fell 0.4 percent to $84.88 a barrel