economy

Crypto fraud losses surge to over $5.6 billion in 2023, 45 percent increase from 2022: Report

Scammers have increasingly taken advantage of the swift and irreversible characteristics of digital asset transactions, says FBI

Dubai South grants $40.83 million construction contract for ‘South Living’ project

The project is set for completion by Q1 2027, with 209 units, including studios and 1- to 3-bedroom apartments 

Abu Dhabi’s ADQ launches Q Mobility to improve transportation services in Abu Dhabi

The initiative focuses on sustainable and integrated solutions to support the Emirate's growth 

Oman Central Bank issues treasury bills worth $77.93 million

The bills have a maturity period of 28 days amounted to OMR300,000, with an average acceptable price of OMR99.650 

Saudi Arabia’s Citizen Account deposits $906.2 million into 10.8 eligible beneficiaries’ accounts in September

Deposits will continue until today end of day, and beneficiaries can check their amounts in the program's app

QatarEnergy to build 6 new QC-Max LNG vessels at China’s Hudong-Zhonghua Shipyard

The QC-Max vessels are the largest LNG carriers, each with a 271,000 cubic meter capacity 

Kuwait Central Bank issues bonds, tawarruq worth $792 million

On August 19, KCB announced a similar allocation of bonds and tawarruq for three months at the same value and return rate 

Dubai’s dnata secures multi-year ground handling agreement with EasyJet at Zurich Airport

dnata will provide a full range of safe and reliable passenger, ramp, and baggage services for the low-cost airline

UAE’s ADNOC to supply LNG to Indian Oil Corporation for 15 years

The LNG will primarily be sourced from ADNOC's Ruwais LNG project

Abu Dhabi Crown Prince in India: Discussing bonds of friendship and cooperative ties with President Murmu

Sheikh Khaled signed the guestbook at Rashtrapati Bhavan, highlighting the historical UAE-India friendship

Oil prices face pressure from sluggish Chinese demand, anticipated supply challenges from tropical storm Francine

Brent crude futures fell by 4 cents, or 0.06 percent, settling at $72.80 a barrel