economy

ADX executes $40.56 million deal in IHC shares

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

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

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

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

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

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

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

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

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

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

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

Damages to physical structures alone amount to $3.4 billion while economic losses have reached $5.1 billion