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Economy
UAE non-oil economy reports strong growth in November: PMI
The Dubai PMI climbed to 53.9 in November, up from 53.2 in October but slightly below the UAE's 54.2
Banking & Finance
Abu Dhabi’s Hub71 secures $1.9 billion in funding for startups
The global tech hub generated revenues surpassing $1.08 billion
Industry
Global trade set to reach record $33 trillion in 2024: UNCTAD
This represents a 3.3 percent annual growth rate, showcasing the resilience of international trade amid ongoing challenges
Banking & Finance
Abu Dhabi’s NMDC LTS signs definitive agreement to acquire 70 percent equity stake in Emdad
The acquisition, pending regulatory approvals, will allow NMDC to expand into oilfield services
Economy
ADBW 2024: Abu Dhabi Chamber launches 2025-2027 Roadmap with five pillars for innovation and growth
The new roadmap guides the enhancement of the emirate’s economy, building on ADCCI’s successes over the next three years
Markets
Qatar launches green bonds trading on London Stock Exchange
Ministry of Finance launched the green bonds with the aim of financing environmentally friendly projects
Energy
Oil prices decline as OPEC+ prolongs supply cuts
Brent crude futures for February delivery fell by 0.4 percent to $71.80 a barrel
Banking & Finance
Salik assigned strong investment grade credit ratings by Moody’s, Fitch
Fitch has assigned Salik an investment grade A- issuer default credit rating with a stable outlook
MENA
Optimism in Saudi real estate fueled by lower rates and strong transparency: Report
The Kingdom’s commitment to economic diversification under Vision 2030 support growth and boost investor confidence
Industry
dnata Logistics breaks ground on $27.2 million Dubai South warehouse
The new warehouse will handle 400,000 tons of cargo annually, boosting storage capacity by 50 percent and creating over 50 jobs
Logistics
Dubai CommerCity launches autonomous delivery robots trial for enhanced last-mile logistics
The free zone will designate areas for robot parking and charging during the trial to enable seamless operations
Banking & Finance
Dubai Duty Free reports $1.94 billion in sales by end of November 2024
November 30 set a new daily sales record for the year at $8.46 million
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