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economy
Economy
Oil prices dip slightly as market reacts to China’s stimulus measures, supply disruptions
Brent oil futures for November delivery dropped 0.1 percent to $75.12 per barrel
Miscellaneous
Saudi National Day: Kingdom commits to quality of life from unification to Vision 2030
Kingdom recalls the journey of development that began with unification by King Abdulaziz bin Abdulrahman Al Saud
Economy
Crypto exchange Bybit introduces Islamic account to enhance trading access for Muslim communities globally
The account provides Shariah-compliant trading products for Muslim traders in the digital asset market
Economy
Kuwaiti investments in Egypt surpass $20 billion
Efforts are underway to organize the joint trade committee between the two countries as soon as possible
Economy
Abu Dhabi’s Masdar announces $1.4 billion acquisition of Saeta from Brookfield
The acquisition encompasses a portfolio of 745 megawatts (MW) of primarily wind energy assets
Banking & Finance
Abu Dhabi Finance Week reveals top finance leaders set to speak at 2024 edition
The 2024 edition will feature over 300 speakers, including CEOs and Chairs from 50 major global financial institutions
Economy
UAE, IRENA forge partnership to boost climate ambitions in 20 developing nations
The partnership aims to leverage the UAE’s climate leadership and IRENA’s role in NDC development and sustainable energy transition
Economy
Sharjah Chamber hosts first Pakistan Business Council meeting to strengthen investment, trade ties
Council’s strategy focuses on launching targeted promotional initiatives that emphasize the attractive investment environments in both Sharjah and Pakistan
Economy
Egypt invests $300 billion in infrastructure development over 10 years, says minister
El Khatib underscored the need to continue infrastructure development to achieve 6 to 7 percent economic growth
Economy
Sheikh Mohammed issues decree on appointment of Dubai government employees to judicial authorities
The Decree aims to attract national talent to Dubai's judiciary while ensuring employees retain benefits during training
Economy
Abu Dhabi’s Masdar secures $159 million for 154 MW Čibuk 2 wind farm, powering 62,000 households
Non-recourse financing has been secured from lenders UniCredit and Erste Bank Serbia
Economy
ADX confirms rebranding of Bayanat AI PLC to Space42 PLC after merger with Yahsat
The name change is set to take effect on October 1, 2024
Economy
Oil prices surge as China launches economic stimulus amid Middle East tensions, hurricane threat
Brent crude futures for November climbed by 69 cents, or 0.93 percent, reaching $74.59 a barrel
Economy
UAE’s developer Nakheel awards $490 million construction contract for luxury Como Residences on Palm Jumeirah
The 75-storey tower will reach heights exceeding 300 metres
Economy
Abu Dhabi’s Jubail Island awards $108.9 million construction contract for Jubail Town Centre
The contract covers four office buildings and two residential structures—Jubail Terraces 7 and 8
Economy
Sheikh Mohammed approves $2.72 billion expansion plan for Dubai Exhibition Centre at Expo City Dubai
This landmark venue will be the region's largest indoor exhibition site and set new global standards for excellence
Banking & Finance
UAE’s Al Ansari announces $42.9 million interim cash dividend for 2024
The deadline for dividend entitlement is September 26, 2024, with the ex-dividend date on September 27, 2024
Emiratization in UAE: Final deadline for hiring at least one Emirati citizen approaches, MoHRE warns
The measure impacts over 12,000 businesses across 14 crucial economic sector
Economy
Sharjah operates first phase of electric bus rides
The move aligns with SRTA’s commitment to sustainability and supports the UAE’s goal of achieving Net Zero by 2050
Economy
UAE, U.S. strengthen strategic partnership as trade reaches $39.5 billion in 2023
The UAE President's visit marks a significant moment in over fifty years of bilateral relations between the two nations
Economy
UAE, Eurasian Economic Commission to enhance economic ties as non-oil trade hits $13.7 billion in H1 2024
Dr. Thani bin Ahmed Al Zeyoudi met Andrey Slepnev in Moscow lately to discuss expanding UAE-Eurasian trade and investment
Banking & Finance
Abu Dhabi Housing Authority and Abu Dhabi Commercial Bank collaborate to enhance housing loan accessibility for UAE nationals
This initiative allows eligible citizens to secure extra financing on their AED1.75 million loans for better housing
Banking & Finance
Arcapita and Dgpays consortium acquires majority stake in NEOPAY from Dubai’s Mashreq
The transaction values NEOPAY at approximately $385 million, pending regulatory approvals
Banking & Finance
UAE issues treasury bonds, Islamic sukuk worth $6.81 billion since 2022
The programs saw the issuance of treasury bonds worth $3.05 billion and Islamic sukuk worth $3.76 billion
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