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Economy
Bank of England maintains 4.75 percent interest rate, hints at future gradual cuts
The Bank indicated that the economy underperformed, reporting no growth from October to December
Energy
Crude oil prices face weekly decline of over 2 percent amid Fed’s demand concerns
Brent oil futures set to expire in February slipped 0.5 percent to $72.49 a barrel
Banking & Finance
Global M&A deal value poised to hit $3.5 trillion in 2024: Report
This marks a 15 percent increase from the previous year and aligning with levels seen in the mid-2010s
Hospitality & Tourism
Dubai: Hatta Winter initiative features 30 unique entrepreneurial projects
Pioneering businesses are receiving support to explore growth opportunities and boost their visibility
Economy
Saudi Arabia excels at navigating labor market challenges, new report finds
The Kingdom is committed to workforce development under Vision 2030, emphasizing diversification, job creation, and competitiveness
Egypt
AD Ports appoints Egyptian contractor to build infrastructure for Noatum Ports – Safaga Terminal
The terminal will handle 450,000 TEUs, 5 million tons of dry bulk, and 1 million tons of liquid bulk
Banking & Finance
OPEC Fund signs first loan agreement with Montenegro for $52 million to enhance climate initiatives
The loan is aimed at enhancing fiscal sustainability and facilitating the green transition in the southeastern European nation
Economy
Dubai DET, IHG Hotels & Resorts partner for joint marketing and training initiatives
Both organizations will develop tourism products highlighting Dubai's unique attractions, like cultural tours and seasonal packages
Economy
Gold reserves at CBUAE surpass $6.3 billion in Q3 2024
Reserves grew month-on-month by $316.9 million
Energy
Crude oil prices fall 0.6 percent following Fed’s 0.25 basis point rate cut
Brent oil futures for February delivery decreased by 0.5 percent to $73.02 per barrel
Logistics
Abu Dhabi, United States strengthen trade ties under new agreement
Partnership marks a significant milestone in facilitating the import and export of raw materials, services and technology
Markets
Emirates NBD launches $500 million sustainability bond on Nasdaq Dubai
The bond is the world’s first SLLB issued under the new ICMA/LMA framework
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