Skip to main content Skip to footer ![ADX executes $40.56 million deal in IHC shares](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/ADX-IHC.jpg/w=1024,h=682)
This transaction consisted of 360,000 IHC shares, each priced at AED414
![Ras Al Khaimah Ruler visits China’s Guangdong Province to boost ties in key sectors](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Ras-Al-Khaimah-China-1.jpg/w=1024,h=581)
The Ras Al Khaimah delegation will sign an agreement that focuses on promoting exchange and cooperation in several areas
![G20 summit: UAE allocates $100 million to support alliance against hunger, poverty](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/G20-summit.jpg/w=1024,h=683)
Sheikh Khaled highlighted the UAE’s dedication to supporting global initiatives to combat hunger and poverty
![UAE sustains role as key regional hub for trade, business, travel: World Bank](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Roberta-Gatti-UAE-World-Bank-1.jpg/w=1024,h=683)
This prominence is due to the country's successful economic diversification and reduced reliance on oil
![Oil prices rise slightly as Norway’s Johan Sverdrup oilfield halts production amid escalating conflict in Ukraine](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Oil-prices-21.jpg/w=1024,h=680)
Brent crude futures for January delivery increased by 15 cents, or 0.2 percent, reaching $73.45 a barrel
![Dubai Future Forum 2024 kicks off tomorrow, convening leading global futurists at Museum of the Future](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Dubai-Future-Forum-2024.jpg/w=1024,h=683)
The Forum aims to provide an exceptional platform for international thought leaders to devise actionable solutions for the future
![UAE joins Oman in National Day celebrations](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/UAE-Oman-National-Day-1.jpg/w=1024,h=682)
Non-oil trade between the two countries reached AED51 billion last year, up from AED48.7 billion in 2022
![Sheikha Latifa bint Mohammed launches $49 million Dubai Cultural Grant program](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Dubai-Cultural-Grant-program.jpg/w=1024,h=683)
Starting this year, the program will feature 18 grants, each comprising a package of grants amounting to AED12 million in total
![EFG Hermes launches $300 million Saudi Education Fund, acquires Britus Education portfolio of 7 schools](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/EFG-Hermes.jpeg/w=1024,h=683)
After having created the leading K-12 operator in Egypt, EFG Hermes aims to replicate its success story in the Saudi market
![UAE, Brazil strengthening bilateral relations and collaboration in G20 for global development](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/UAE-Brazil-G20-2-1.jpg/w=1024,h=682)
The UAE is Brazil's largest Middle Eastern partner, with trade at AED13.28 billion in the first eight months
![Oil prices surge amid intensifying Ukraine-Russia conflict, persistent demand concerns in China](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oil-prices-15.jpg/w=1024,h=683)
As of 05:02 GMT, Brent crude futures rose by 29 cents, or 0.4 percent, reaching $71.33 a barrel
![Lebanon sees $8.5 billion in physical damages, economic losses amid conflict: World Bank](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/11/Lebanon-conflict.jpg/w=1024,h=683)
Damages to physical structures alone amount to $3.4 billion while economic losses have reached $5.1 billion