economy

Oil prices steady amid strengthening dollar, concerns over weakening demand in China

Brent oil futures for September delivery recorded $85.10 per barrel

Emarat, Emirates airline sign first aviation fuel supply agreement for Al Maktoum Airport

The deal is part of a longstanding three-decade partnership between Emirates and Emarat

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

CBUAE’s foreign assets surge 2.55 percent to $204.27 billion in April 2024

The Central Bank has added more than AED176 billion to its foreign assets within a year

Top summer 2024 travel destinations for UAE residents revealed

Data showed a significant uptick in both domestic and international travel

Oil prices rise on softer U.S. inflation, summer demand hopes

Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel

 7th Sharjah Investment Forum to explore AI-driven opportunities and global economic trends on 18-19 September

Organized by Invest in Sharjah, the forum will take place under the theme “A Futuristic Vision for Smart Economies”

Fitch upgrades Etihad Airways to ‘A+’ citing stronger standalone credit profile

The outlook on the Issuer Default Rating is stable, the report noted

Air Arabia expands Europe footprint with new Sharjah-Vienna route

The new service will commence operations on December 20, 2024, with a frequency of 4 non-stop weekly flights

Saudi Arabia’s Diriyah Company signs $2 billion development contract to develop new mixed-use district

The project involves the construction of advanced educational institutions, cultural venues, modern offices, and a luxury hotel

UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue

The dialogue seeks to boost bilateral trade and economic diversification initiatives

Ajman embraces contactless payments on public transport buses with Visa partnership

The deals aims to support smart, sustainable mobility solutions that enhance customer experience

Saudi Arabia reveals designs for world’s tallest sports tower in Riyadh

The tower stands tall at 130 meters, encompassing 84,000 sqm of world-class facilities

Oil prices rise on weaker dollar, tighter supply bets ahead of CPI data

Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel

GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report

The GCC region already boasts some of the world's most modern airports

Egypt’s annual urban inflation declines to 27.5 percent in June amid ongoing reforms

This downward trend extends from a record high of 38 percent reached in September 2023

Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project

His Highness met with heads of global energy companies to discuss the future of the sector

Dubai to get world’s largest fruit and vegetable trade logistics hub

Witnessed by Sheikh Maktoum, the agreement was signed between Dubai Municipality and DP World

Abu Dhabi’s Etihad Airways launches daily flights to Boston, Toronto

Etihad will also begin flying its state-of-the-art Airbus A350 once daily to Toronto Pearson Airport in Canada, starting October 27

Qatar real estate sector sees 285 deals worth $304.1 million in June 2024

A recent report projected the country's real estate sector to reach QAR155.7 billion by 2028

Egypt’s economic reforms boost remittances: 26.6 percent monthly rise to $2.7 billion in May 2024

The remittances in May 2023 amounted to around $1.6 billion, as reported by CBE

E-commerce in Saudi Arabia sees 17.47 percent surge with 40,697 new records in Q2 2024

Riyadh topped the regions in Saudi Arabia for issuing e-commerce records, with 16,535 commercial records