Europe

Global aviation industry to see over 10,500 aircraft deliveries worth $640 billion by 2043: Report

Smaller aircraft deliveries will drive global demand with orders for 8,470 jets of up to 150-seat capacity by 2043

Global electricity demand to grow 4 percent in 2024, highest rise since 2007: Report

Share of renewable source in global electricity supply is forecast to rise from 30 percent in 2023 to 35 percent in 2025

ECB keeps interest rates unchanged, ‘wide open’ on September decision

The Central Bank wants more evidence that inflation is still on track to reach the 2 percent target by the end of 2024

Spanish EOS-X SPACE to launch space flights from Abu Dhabi next year

By 2029, the company seeks to achieve a turnover of $1.127 billion and a gross profit of $324 million

Oil prices rise amid declining U.S. crude inventories, Fed rate cut expectations

Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel

Global LNG trade rises 3.1 percent in 2023 on rising demand: Report

Exports from the three largest global LNG exporters, the U.S, Australia and Qatar, accounted for 60 percent of all LNG exports in 2023

Top summer 2024 travel destinations for UAE residents revealed

Data showed a significant uptick in both domestic and international travel

UAE’s Air Arabia expands Europe footprint with new Sharjah-Vienna route

The new service will commence operations on December 20, 2024, with a frequency of 4 non-stop weekly flights

UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue

The dialogue seeks to boost bilateral trade and economic diversification initiatives

World’s largest EV producer BYD to build $1 billion factory in Türkiye

BYD's Türkiye factory is expected to begin production by the end of 2026 and create 5,000 direct jobs

2024 will likely be the world’s hottest year as June temperatures hit record-high

Global average temperatures in the last 12 months reached the highest on record at 0.76 °C above the 1991-2020 average

Oil prices hold steady, on track for fourth straight week of gains as strong summer demand and supply concerns buoy market

Brent crude futures, which have risen 7 percent over the past four weeks, dipped slightly by 2 cents to $87.41 per barrel

Eurozone composite PMI drops to 50.9 in June as business growth slows sharply

A strong expansion in the dominant services industry failed to offset a further deterioration in manufacturing

Economic growth stable but several risks could destroy ‘sandcastle economy’: Saxo Bank

Saxo Bank expects U.S. and European sovereign bond yields to remain range-bound in Q3 2024

Emirates introduces refurbished Boeing 777 to Geneva, Tokyo Haneda, Brussels

In total, 81 Boeing 777 aircraft will get an upgrade as part of Emirates' investment in its retrofit program

From Middle East to Africa, travel sector reaches new heights in 2024: Report

UAE ranked among the top 10 global travel destinations in the past year

Remittance flows to low-middle-income countries moderated in 2023, reaching $656 billion: World Bank

Remittances to LMICs are expected to grow 2.3 percent in 2024, but unevenly across regions

Top 10 most spoken languages in the world in 2024

Mastering these top languages can open doors to unparalleled personal and professional opportunities

Dubai secures 12th spot in global wealth and lifestyle report, solidifying position as premier luxury destination

The emirate emerged as the 6th most expensive city in EMEA, attracting wealthy residents with its flourishing economy

UAE’s Etihad Cargo expands European footprint with new freighter route to Madrid

Effective July 15, 2024, Etihad Cargo will operate two weekly Boeing 777 freighter flights between Abu Dhabi and Madrid

Oil prices hover around $85 amid global tensions, inventory shifts

Brent crude futures edged up 2 cents to $85.35 per barrel

Etihad Cargo raises belly-hold cargo capacity with 23 new flights starting June 2024

23 passenger flights to new destinations brings total number of new weekly passenger flights to 100

UAE gold prices rise, global rates inch up ahead of key U.S. payrolls data

Shift in Europe and Canada's key policy rate bolsters bullion demand

What’s behind the U.S. dollar’s dominance, and what can end it?

Dollar accounts for over 60 percent of global central bank reserves, making it the world’s most widely held currency