Skip to main content Skip to footer ![UAE’s Alpha Dhabi Holding reports $1.82 billion net profit, $7.97 billion revenue in H1 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Alpha-Dhabi-1.jpg/w=1024,h=681)
Net profit from operations also surged to $1.38 billion, marking a 92 percent year-on-year increase
![GCC, Indonesia initiate talks for comprehensive deal to boost trade and investment](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/GCC-Indonesia-1.jpg/w=1024,h=683)
The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs
![Dubai Financial Market sees spike in new investor accounts, up 85 percent to 56,345](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/DFM.jpg/w=1024,h=684)
The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys
![Qatar reports $711.58 million budget surplus on $16.39 billion total revenues for Q2 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Qatar-budget.jpg/w=1024,h=683)
The surplus was directed towards reducing public debt, and therefore there is no cash surplus
![G20 pushes for great fortunes tax to fund climate disaster preparedness](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/G20-taxing.jpg/w=1024,h=683)
The G20 DRRWG meeting focused on the critical importance of financing for resilient infrastructure and early disaster risk warnings
![Kelly Ortberg assumes leadership of Boeing – Who is he and what can we expect?](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Boeing-CEO-Kelly-Ortberg.png/w=917,h=612)
Ortberg, an experienced veteran of the aerospace industry, has been tasked with turning the struggling planemaker around
![Oil price rallies amid Middle East tensions and OPEC+ meeting, China concerns linger](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oil-prices.jpg/w=1024,h=683)
Brent oil futures expiring in October rose 0.5 percent to $81.24 a barrel
![Saudi Arabia’s foreign assets rise 5.5 percent to $467.5 billion in June 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Saudi-Arabia_s-foreign-assets.jpg/w=1024,h=620)
Data showed that the bank's net foreign assets in June were around SAR1.670 trillion
![Saudi Arabia’s real GDP rises 1.4 percent in Q2 2024, driven by non-oil sector expansion](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Saudi-Arabia-GDP.jpg/w=1024,h=683)
Saudi Arabia's GDP contracted by 0.4 percent annually primarily driven by the 8.5 percent annual decline in oil activities
![UAE-Chile CEPA set to take effect in six months, promises $73 million national economic boost by 2031: Al Zeyoudi](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/UAE-Chile-CEPA-Al-Zeyoudi.jpg/w=1024,h=683)
The agreement aims to liberate trade between both countries, empower women in commerce
![DIFC sees rapid expansion, adds 820 companies in H1 2024, AUM reaches $700 billion](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/DIFC-1-1.png/w=1024,h=682)
Over 370 wealth and asset management firms, including more than 50 pure-play hedge funds, are now based in the Centre
![Oman to expand LNG production capacity to 15.2 million tons per year with new 3.8 million ton train](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Oman-LNG-1-1-1.jpeg/w=1024,h=684)
LNG production trains allow the government to improve operational efficiency, maximize the use of existing facilities