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economy
Dubai World Trade Centre gears up to host more than 100 flagship events by end of 2024
DWTC's calendar is anchored by flagship events like GITEX Global, ArabLab+, and WETEX
Energy
Oil prices flat, headed for bleak weekly performance amid demand concerns
Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel
Banking & Finance
Egypt’s Mashroa’ak program creates over 1.442 million jobs, facilitates $598.1 million in loans
The program has facilitated the implementation of over 212,800 projects
Bahrain
Bahrain’s $92.89 million T-bill issuance sees 254 percent oversubscription
The bills carry an issue date of August 25, and are scheduled to mature on February 23, 2025
Banking & Finance
Dubai SME: Over $3 billion in contracts awarded to entrepreneurs since inception
Hamdan Innovation Incubator supported 109 Emirati tech startups in H1 2024
Logistics
ITS World Congress: 20,000 gather in Dubai in September to explore latest advancements in smart mobility, transportation technology
The event will feature 800 speakers sharing their insights through 200 sessions
Banking & Finance
Brands For Less sells 35 percent stake to TJX for $360 million
This transaction values BFL at $1.2 billion
Energy
Oil prices weaken on U.S. labor data, demand outlook uncertain
Brent oil futures fell 0.1 percent to $75.95 a barrel
Economy
Qatar’s economy to double by 2031 fueled by LNG boom, diversification: Report
Qatar's gas production will stay steady for 140 years before a major boom
Banking & Finance
Kuwaiti banks turn to M&A amidst strong fundamentals: Report
The paper noted that banks in Kuwait have strong capital and liquidity despite growth constraints
Bahrain
Aluminum and iron ore drive Bahrain’s $894.31 million export surge in July 2024
China emerged as the leading import partner, contributing BHD73 million (16 percent) to Bahrain's import basket
Banking & Finance
UAE’s top banks post strong Q2 2024 growth on higher profits, improved asset quality: Report
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
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