Skip to main content Skip to footer ![Oil prices surge as OPEC+ weighs production delays and U.S. gasoline stockpiles drop to two-year low](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Oil-prices.jpg/w=1024,h=682)
Brent crude futures, now reflecting the January contract, increased by $1.41, or 2 percent, reaching $74.22 a barrel
![stc Group’s tali ventures leads $10 million investment in Series B funding for NorthLadder](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/tali-ventures-stc-1.jpg/w=1024,h=682)
This funding round was spearheaded by tali ventures, with additional contributions from the Dutch Founders Fund and Crescent Ventures
![S&P predict robust growth in UAE Islamic finance driven by non-oil economy, $6.1 billion sukuk surge](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/UAE-non-oil-economy-Islamic-finance-1-1-1.jpg/w=1024,h=683)
The agency notes a rise in foreign currency sukuk issuance, particularly in real estate and finance, to attract foreign investment
![Amazon, Emirates, GEMS, Careem join Dubai’s Gig Economy Sandbox initiative](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Gig-Economy-Sandbox-1.jpg/w=1024,h=683)
Sandbox Dubai is an innovative platform that seeks to enhance Dubai’s legislative and regulatory environment in line with future needs
![FII8: Non-oil GDP now represents 52 percent of Saudi economy, Aljadaan says](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Saudi-Finance-Vision-2030-FII8.jpg/w=1024,h=626)
The Minister noted that women's participation in the workforce has reached 35 percent, surpassing the vision's target of 30 percent
![FII8: stc Group joins hands with three new partners for Sustainability Champions program](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/stc-alat.jpeg/w=1024,h=682)
The Group further reinforces its commitment to sustainability, connectivity, and technological advancement at FII8
![FII8: Princess Reema reiterates Saudi Arabia’s commitment towards blue economy, ocean health](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Princess-Reeema.jpg/w=1024,h=683)
Princess Reema launches Ocean Central, a platform that collects and combines data to provide a clear and evolving view of ocean health
![FII8: PIF and Google Cloud to launch global AI hub in Saudi Arabia to support ICT goals, foster tech partnerships](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/PIF-Google-Cloud2-1-1-1.jpeg/w=1024,h=683)
This partnership grants customers access to Google Cloud’s technology, boosting growth and AI delivery
![Gold prices hit new record high of $2,790.15, set for best month since March](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Gold-prices-11.jpeg/w=1024,h=683)
Gold prices have gained close to 5 percent so far this month and almost 41 percent in the past year
![Oil prices soar on optimism over U.S. demand, potential OPEC+ output delays](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Oil-prices-5.jpg/w=1024,h=682)
Brent crude futures were up by 47 cents, or 0.65 percent, reaching $73.02 a barrel
![Dubai Internet City: 25 years of transforming Middle East’s digital landscape, empowering global tech firms](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Dubai-Internet-City-25-1-1.jpg/w=1024,h=683)
Dubai Internet City’s ecosystem has grown in 2024 to include multinational corporations, start-ups, and Fortune 500 companies
![Abu Dhabi Airports welcomes 21.7 million passengers as of September 30, 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/10/Abu-Dhabi-Airports-1.jpg/w=1024,h=683)
This represents a 31.2 percent yearly growth