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Banking & Finance
IMF completes third review for extended arrangement with Egypt, approves $820 million disbursement
The decision follows a positive economic assessment since the program's launch in December 2022
Banking & Finance
Dubai Financial Market announces 74 percent rise in pre-tax net profit to $53.19 million in H1 2024
The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor
Logistics
UAE, Chile CEPA to boost non-oil bilateral trade to $750 million by 2030
Deal will also likely boost the value of UAE exports by $247 million by 2030, according to official UAE estimates
Energy
Oil prices slide to two-month low ahead of OPEC meeting, Fed policy decisions
Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel
Markets
Ethereum ETFs approved: Another win for cryptocurrencies
Traditional investors can now buy Ethereum without directly dabbling in cryptos
Economy
UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased barriers
The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships
Economy
G20: UAE to double digital economy’s GDP contribution to 19.4 percent with $20 billion investment
This investment signals the UAE's commitment to accelerating the growth and adoption of digital technologies across its economy
Economy
UAE and Morocco finalize CEPA to boost goods and services trade through tariff cuts, regulatory reforms
In 2023, the two nations had $1.3 billion in non-oil trade, a 30 percent increase from 2022 and 83 percent more than in 2019
Economy
Dubai consolidates global tourism leadership, welcomes record 9.31 million visitors in H1 2024
International overnight visitors rose 9 percent compared to H1 2023
Saudi Arabia
Five Saudi cities shine on IMD Smart City Index 2024: Report
Smart cities in the Kingdom have relied on AI and IoT technologies to enhance quality of life
Economy
Arab Monetary Fund optimistic about UAE’s economic outlook, forecasts 6.2 percent growth in 2025
The report noted strong performance in the fuel and tourism sectors
Markets
Oil prices steady on strong U.S. GDP, but headed for third weekly losses
Brent oil futures expiring in September were stable at $82.38 per barrel
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