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Banking & Finance
UAE’s FTA corporate tax awareness initiatives attract over 15,700 participants, rising 8.7 percent in 2024
In 2024, 96 percent of FTA attendees expressed satisfaction with the informative nature of awareness events
Logistics
Trump’s tariff policies explained: EU next in line following Canada, Mexico and China
When asked about the UK, the US president said that trade issues with the UK could be worked out
Banking & Finance
Sustainability in UAE mega projects boosts bonds and sukuk issuances
UAE's issuance growth will stem from $35 billion Al Maktoum Airport and $8.2 billion drainage projects.
Banking & Finance
Kuwait projects $58.9 billion revenue in draft budget for 2025-26
Non-oil revenues are expected to increase by 9 percent to $9.4 billion, says finance minister
Energy
Oil prices rise 0.6 percent to $76.13 amid potential disruptions from Trump’s tariffs
The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico
Banking & Finance
Dubai Chamber of Digital Economy supports 1210 startups in 2024, trains 1333 Emiratis in app development
21 events were held this year to support startups, nurture talent, and strengthen partnerships
Economy
UAE-Kuwait week to boost bilateral relations amid $86.3 billion trade growth
The event will be hosted at Jumeirah Emirates Towers in Dubai on February 3 to 4
Economy
Egypt and Iraq sign 12 MoUs to boost trade, investment
Agreements ecompass land transport for passengers and goods, promoting competition and addressing monopolistic practices
Markets
Dubai Financial Market posts 24 percent growth in 2024 with net profit (pre-tax) of $111.4 million
Market capitalization surged by 32 percent to $246.9 billion
Banking & Finance
Dubai’s Mashreq Bank reports 4 percent increase in net profit to $2.45 billion in 2024
The bank's net profit before tax reached $2.7 billion, marking a 12 percent rise
Energy
Oil prices rise 0.4 percent to $77.21, head for weekly losses with focus on Trump tariffs and PCE data
Attention focused on key U.S. PCE inflation data later today for clues on interest rates
Economy
Markets surge after ECB cuts interest rates for fifth time to 2.75 percent
Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory
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