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Economy
Unemployment rate in Saudi Arabia’s labor market at 8.6 percent, women’s participation reaches 34.2 percent
Over 1,000 government employees received training at international agencies, enhancing their work effectiveness
Economy
Investopia Europe 2024: UAE Economy Minister highlights strong strategic ties with EU, vows to deepen mutually beneficial relationship
H.E. Bin Touq meets with ministers and top EU officials to discuss prospects for enhancing economic cooperation
Energy
UAE, Mauritius to deepen cooperation in water, energy, sanitation
Areas of collaboration included renewable energy, hydrogen, liquefied natural gas
Markets
Oil prices inch lower on concerns about Chinese imports, U.S. inflation
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
Economy
Dubai’s investments in Vietnam surpass $76.2 million in 5 years, generating 4,500 job opportunities
Bilateral trade between Dubai and Vietnam surged to $8.6 billion in 2023
Economy
Egypt’s annual urban inflation rate decreases to 32.5 percent in April
Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis
Hospitality & Tourism
UAE’s UAQ Department of Tourism signs agreement to develop tourism sector in the emirate
The deal seeks to facilitate the exchange of knowledge and expertise in the fields of tourism, hospitality, and entertainment
Banking & Finance
UAE’s ADNIC posts net profit of $27.4 million for Q1 2024
The solid performance is attributed to ADNIC's strong underwriting discipline and substantial growth in key metrics
Economy
BoE maintains rates at 5.25 percent but hints at summer cut
The cost of borrowing will continue to be at a 16-year high
Economy
UAE introduces new framework to boost public-private partnership projects
The law seeks to promote private sector investment and involvement in federal government-led infrastructure projects
Economy
UAE and New Zealand begin economic partnership negotiations to boost trade, investment
In 2023 alone, the total trade volume between the UAE and New Zealand reached an impressive $764.5 million
Markets
Oil prices up amidst global tensions, concerns about sluggish demand and reduced supplies
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
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