Skip to main content Skip to footer ![Oil prices steady amid storm threat and demand concerns](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Oil-prices-5.jpg/w=1024,h=683)
Brent crude futures for September delivery edged up 0.2 percent to $86.67 per barrel
![UAE’s ADNOC, JBIC sign $3 billion green financing agreement](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/ADNOC-Japan-1.jpeg/w=1024,h=683)
The credit facility is part of JBIC's GREEN lending program and is partially supported by Japanese commercial banks
![Kuwait projects $61.7 billion budget revenues over next four years](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Kuwait-budget-revenues.jpg/w=1024,h=683)
Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister
![Saudi Arabia issues 121,521 business registrations in Q2 2024, up 78 percent year-over-year](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Saudi-Arabia-business-registrations-1.jpg/w=1024,h=683)
E-commerce saw a 17.47 percent yearly increase, reaching 40,697 registrations
![14 Saudi sports clubs slated for privatization in latest push to modernize industry](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Saudi-sports.jpg/w=1024,h=683)
The first batch of clubs includes Al-Zulfi, Al-Nahda, Al-Okhdood, Al-Ansar, Al-Orouba, and Al-Kholood
![China’s service trade soars to $415.6 billion in first five months of 2024, posting 16 percent growth](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/China-service-trade.jpg/w=1024,h=683)
Exports amounted to approximately 1.22 trillion yuan, up 11 percent, while imports stood at 1.8 trillion yuan
![Qatar’s non-oil private sector hits fastest growth in a year and a half, PMI reaches 55.9 in June](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Qatar-non-oil-private.jpg/w=1024,h=683)
Companies continued to expand employment and the 12-month outlook remained strong
![Saudi Arabia’s PIF expands Middle East-Asia Investments, invests $500 million in Hong Kong conglomerate](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Saudi-PIF-Hong-Kong-1-1-1.jpeg/w=1024,h=683)
The investment includes $100 million in five-year convertible debentures and $400 million in a five-year loan
![Eurozone composite PMI drops to 50.9 in June as business growth slows sharply](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Eurozone-business-growth.jpg/w=1024,h=680)
A strong expansion in the dominant services industry failed to offset a further deterioration in manufacturing
![Oman climbs five spots in 2024 Competitive Industrial Performance Index](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Oman-industrial.jpg/w=1024,h=683)
Oman's tech investments, automation, and supply chain consolidation have driven economic improvement
![Saudi Arabia’s current account surplus surges to $7.6 billion in Q1 2024, driven by strong service exports](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Saudi-Arabia-trade-surplus.jpg/w=1024,h=682)
Services exports in the three months to the end of March hit $15.64 billion, the second-highest quarterly figure on record
![Tadweer Group launches four new subsidiaries to enhance waste recycling, conversion in Abu Dhabi](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/07/Tadweer2.jpg/w=1024,h=683)
Tadweer Environmental Services and Solutions will focus on public waste collection activities