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Economy
UAE work permit cancellation to take just 45 seconds with zero documents
The new process eliminates the previous requirement of two documents
Banking & Finance
UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals
MENA startups raised $116 million in June 2024, bringing H1 total to $882 million
Hospitality & Tourism
Saudi’s flynas launches first direct flight between Riyadh and Egypt’s El-Alamein
flynas already connects Egypt to Saudi Arabia with more than 120 weekly direct flights
Miscellaneous
UAE doubles passport validity to 10 years for citizens aged 21 and above
The move aims to reduce bureaucracy and save time for citizens
Markets
Oil prices stabilize as market monitors tropical storm Beryl, geopolitical developments
Brent oil futures for September delivery hovered around $85.72 per barrel
Economy
Oman’s Q1 2024 GDP rises to $27.15 billion driven by non-oil sector growth
This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion
Miscellaneous
Abu Dhabi World Food Security Summit 2024 to empower innovative solutions for hunger-free world
The event is set to be hosted for the first time on November 26-27, 2024
Logistics
Dubai Customs harnesses blockchain to usher in an era of efficient and transparent trade
New platform launched to strengthen collaboration between government entities and logistics industries
Economy
China’s foreign exchange reserves reach $3.22 trillion by end of June 2024
The amount shrank by 0.3 percent compared to the previous month
Technology
Crypto theft loss doubles to $1.38 billion in first half of 2024: Report
Five incidents accounted for 70 percent of the total amount stolen so far this year
Dubai sees 190 prime property deals over $10 million in H1 2024 as supply drops: Report
The emirate's prime residential markets face a 47 percent supply shortage, with only 2,851 properties available
Banking & Finance
Saudi banks post $1.95 billion in aggregate profits for May 2024, reaching 14-month high
Cumulatively, banks recorded a total profit of $9.27 billion in the first five months of 2024
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