economy

Abu Dhabi’s Modon Holding, U.K. Candy Capital announce JV partnership in ultra-luxury real estate

The joint venture will deliver upscale residential, commercial, and hospitality projects

UAE, South Korea enhance collaboration in public oversight and integrity

In May 2024, the UAE and South Korea announced a CEPA to promote free trade and bilateral investment in key sectors 

Dubai International Chamber holds 180 business meetings in Belgrade to promote Dubai-Serbia ties

Non-oil trade between Dubai and Serbia reached $63.68 million in 2023

Dubai’s Financial Audit Authority to reveal 3 new digital services at GITEX 2024

One key service is the Al Mo’ashir Dashboard, a platform that provides insights from the Authority’s auditing data 

ADNEC Group’s Tourism 365 launches first charter flight from Uzbekistan to Al Ain

This initiative is part of Tourism 365's partnership with EasyBooking to boost tourism and enhance connectivity 

Cointelegraph establishes Middle East office among 600+ Web3 firms at DMCC Crypto Centre

This collaboration is expected to provide Cointelegraph with valuable opportunities to engage with the broader Web3 ecosystem

Abu Dhabi Department of Energy engages stakeholders to improve safety, compliance in the petroleum sector

Voluntarily following safety protocols provides key benefits: safer communities, greater efficiency, cost savings, and a stronger reputation 

ADIA establishes subsidiary in India’s GIFT City

The subsidiary has received regulatory approval from the IFSCA and is now operational

Saudi solutions by stc to showcase AI excellence in Dubai’s GITEX exhibition

These advanced AI applications will help sectors navigate digital transformation and engage in global markets

Oil prices retreat amidst ongoing concerns over Middle East conflict, hurricane impact

Brent crude futures for December delivery dropped 0.6 percent to $80.42 a barrel

Oil prices dip on oversupply concerns amid rising Middle East tensions

Brent crude rose 8 percent last week, marking the largest weekly gain since January 2023