Economics

Oil prices see modest gains amid rate cut speculations, Hurricane Francine’s supply impact

Brent crude futures set to expire in November climbed 0.2 percent to $72.88 per barrel

UAE’s investment in clean energy reaches over $12.25 billion, says minister Al Mazrouei

The country has significantly increased its clean energy share to 27.83 percent in 2023, aiming for 32 percent by 2030 

Saudi Arabia’s annual inflation rate stands at 1.6 percent in August 2024, highlighting economic robustness

This stability positions Saudi Arabia's inflation rate among the most dependable globally

S&P affirms Saudi Arabia’s A/A-1 credit rating, citing reforms and non-oil growth

The agency noted that the Kingdom’s outlook improved to ‘positive'

Operations and supply chain decarbonization in the Middle East 

Each company faces unique decarbonization challenges, but many struggle to meet ambitious targets

Oil prices rise on U.S. rate cut hopes despite weak demand, Chinese data

Brent crude futures for November rose by 3 cents to $71.64 a barrel

Picking the who and the why in the GCC’s key growth sectors

Opportunities in retail, local manufacturing, entertainment, and tourism

UAE banks’ capital, reserves reach $134.8 billion by June 2024, says Central Bank

National banks comprised 86.3 percent of the total capital and reserves, amounting to $116.4 billion

UAE’s Ajman real estate transactions surpass $427.4 million in August 2024

The trading volume in the emirate reached AED950 million from 1,005 individual transactions 

Dubai Taxi Company secures 300 new plates, projects $27.2 million in extra annual revenue

This acquisition raises the company’s fleet to nearly 6,000 vehicles, increasing its market share to 46 percent

UAE ministry of energy launches Data Bridge to enhance customer service, streamline government operations

This project enables MoEI to deliver proactive services, request data just once, and exchange digital documents in real time