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Banking & Finance
ADFW 2024: Finstreet launches first-of-its-kind international securities financial market infrastructure
With FSRA approval, Finstreet’s regulated subsidiaries are operational, accepting applications from professional investors
Economy
ECB cuts interest rates again amid euro zone economic challenges
The ECB unanimously decided to reduce the deposit rate by 25 basis points
Banking & Finance
ADGM announces plans to establish insurance association to promote industry growth
The association will enhance collaboration, standards, and practices in the insurance industry
Energy
Oil prices dip amid supply surplus expectations and China’s stimulus efforts
Brent oil futures fell by 0.1 percent to $73.34 per barrel
Economy
Arab Health contributed $269.7 million to Dubai’s economy during 2024 edition
Tourism and hospitality benefited from the major healthcare event, with 2024 accommodation spending over $56.2 million
Economy
UAE launches $81.7 million fund to support entrepreneurs
The Cabinet also announced $1.9 million reward for government employees
Energy
Oil prices steady as traders balance China’s stimulus and OPEC’s poor demand forecasts
Brent Oil Futures dipped slightly to $73.50 a barrel
Banking & Finance
Abu Dhabi Finance Week (ADFW) 2024: ADIO, Mastercard to establish Digital Partnership Program
Mastercard to create tailored digital financial solutions for Abu Dhabi stakeholders
Economy
AI to add $19.9 trillion to global economy, account for 3.5 percent of GDP by 2030: Report
98 percent of executives prioritize AI investments, driving rapid funding increases and highlighting AI's value
Industry
GASTAT: Industrial Production Index in Saudi Arabia increases by 5 percent in October 2024
This growth is largely attributed to heightened activity in various sectors, including mining and quarrying
Logistics
Abu Dhabi Airports breaks ground on East Midfield Cargo Terminal at Zayed International
Terminal to integrate seamlessly with the Logistics Free Trade Zone's existing infrastructure, particularly Al Falah District
Economy
Abu Dhabi Finance Week (ADFW) 2024: ADIO and PGIM to establish RealAssetX Innovation Centre in Abu Dhabi
Integrating local institutions with global research leaders to advance sustainability, AI and Deep Tech for real assets
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