economy

U.S.-UAE Business Council delegation visits Ras Al Khaimah to discuss growing trade, cooperation

Meeting explored ways to further strengthen cooperation and strategic partnerships across key sectors

Lagarde signals shift in ECB strategy with third rate cut in 2024

This marks the first consecutive rate reduction in 13 years

Central Bank of Egypt holds key interest rates steady amid inflation control, mixed economic indicators

The committee noted that this decision reflects recent global and local developments

DET x Amazon Accelerator to help unlock SMEs’ growth potential: Ronaldo Mouchawar

Digital upskilling, tailored expertise and a global platform will help SMEs faster climb the ladder to success

Oil prices steady amid mixed economic signals from China, strong U.S. retail sales data

Brent crude futures had risen by 8 cents, or 0.1 percent, to $74.53 a barrel

Oman’s OQEP raises $2 billion in IPO

Global institutional support in the Category I offering exceeded OMR1.0 billion (excluding anchors)

ADNH Catering raises $235.2 million in IPO

ADNH Catering offered 900 million shares, or 40 percent of its capital 

Oil prices modestly recover amid unexpected U.S. inventory draw, Middle East tensions

Brent crude futures for December delivery increased by 0.6 percent to $74.67 per barrel

MENA region’s GDP to rise to 2.2 percent in 2024 amid rising economic, political uncertainty: World Bank

Growth in GCC countries is projected to rise from 0.5 percent in 2023 to 1.9 percent in 2024

ADQ, Bank Audi sign definitive agreement to acquire 96 percent of Odea Bank

This move would accelerate Odeabank’s growth and drive tech advancements in financial services

DP World secures 47,000 TEUs to enhance capacity and customer experience

This acquisition reflects its dedication to offering customers dependable and efficient equipment

Expand North Star 2024 draws 65 unicorns valued at $400 billion

CEOs of unicorns noted that Dubai is an ideal gateway for launching global digital initiatives