Skip to main content Skip to footer ![UAE gold prices steady amidst global rise following strong U.S. data](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Gold-prices-4.jpg/w=1024,h=683)
Globally, spot gold was up 0.3 percent at $2,454.40 per ounce
![Oil prices edge lower but set for weekly gains on U.S. optimism](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oil-prices-9.jpg/w=1024,h=683)
Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel
![Growing GCC interest drives $3.66 billion real estate market in Oman](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oman-real-estate.jpg/w=1024,h=683)
The number of properties registered to GCC citizens surged by 5.2 percent to 666, compared to 633 in 2023
![Container volumes fuel $9.33 billion revenue for DP World in H1 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/DP-World-revenue.jpeg/w=1024,h=683)
The port operator invested $994 million in capital expenditures during the period
![e& UAE launches fibre-to-the-room solution for better home Wi-Fi performance](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/e-UAE-FTTR.jpg/w=1024,h=682)
The new service seeks to transform homes into hubs for work, entertainment, and more
![CBUAE to auction $5.3 billion in M-Bills on August 19: Details on maturities and issue dates](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/CBUAE-M-bills.jpg/w=1024,h=683)
The issue date for these M-Bills is set for August 21, 2024
![What does Egypt’s new carbon market mean for the future of climate finance?](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Egypt-carbon-market-1.jpg/w=1024,h=683)
The move is a step towards a mandatory market, requiring carbon reduction projects and emissions calculations
![UAE IPOs surge in Q2 2024, raising $890 million: Report](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/UAE-IPOs.jpg/w=1024,h=683)
Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2
![Abu Dhabi’s Etihad Cargo’s strategic expansion drives 17 percent tonnage growth in H1 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Etihad-Cargo-1.jpg/w=1024,h=683)
The company has experienced remarkable growth, especially in the East, with a 19 percent increase in tonnage
![Abu Dhabi Bayanat’s smart solutions power strong H1 2024 with $74.32 million revenue](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/03/Bayanat-1.jpeg/w=1024,h=683)
The company's gross profit for H1 2024 reached $22.86 million, translating to a gross margin of 31 percent
![SIF 2024 in September to highlight youth and women’s participation in the smart economy](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Sharjah-Investment-Forum-1-1.jpg/w=1024,h=683)
The event seeks to leverage AI to enhance public services, health, and education
![IEA trims 2025 oil demand forecast, cites weakened Chinese economy](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/IEA-oil.jpeg/w=1024,h=683)
The report expects robust demand in Western economies, especially the US, which consumes one-third of global gasoline