Europe

Oil prices jump as Middle East concerns escalate, OPEC+ prepares for market review

Brent futures climbed by $1, or 1.36 percent, reaching $74.56 per barrel

Governments allocate nearly $2 trillion in direct clean energy investment since 2020: IEA

This amount is nearly three times the funding committed after the financial crisis of 2007-08

DMCC strengthens economic ties as over 500 Italian companies join Dubai’s premier free zone

DMCC's recent engagement with Italy follows an increase in bilateral trade, which surpassed $9 billion in 2023

‘Invest in the Emirates’ campaign goes global, seeks to generate over 200 million impressions

Campaign’s reach also extended to major airports in Zurich, Geneva, Munich, New York and Heathrow

Abu Dhabi’s Masdar announces $1.4 billion acquisition of Saeta from Brookfield

The acquisition encompasses a portfolio of 745 megawatts (MW) of primarily wind energy assets 

Abu Dhabi’s Masdar secures $159 million for 154 MW Čibuk 2 wind farm, powering 62,000 households

Non-recourse financing has been secured from lenders UniCredit and Erste Bank Serbia

UAE, Eurasian Economic Commission to enhance economic ties as non-oil trade hits $13.7 billion in H1 2024

Dr. Thani bin Ahmed Al Zeyoudi met Andrey Slepnev in Moscow lately to discuss expanding UAE-Eurasian trade and investment 

Global gold prices set new record high of $2,631.09 on rising geopolitical tensions, UAE rates up

Declining interest rates globally, rising geopolitical tensions in the Middle East and the upcoming U.S. election boost gold to new high

New Georgian Business Council established by Dubai Chamber of Commerce to boost trade, investment

This initiative enhances collaboration between Dubai and Georgia's private sectors 

Dubai’s Emirates launches luxurious new lounge at London Stansted Airport 

This new lounge is Emirates' sixth in the U.K., alongside those at Heathrow, Gatwick, Birmingham, Glasgow, and Manchester 

International tourism reaches 96 percent of pre-pandemic levels with 790 million travelers in early 2024 

The surge was fueled by robust demand in Europe and the reopening of markets in Asia and the Pacific 

Emirates’ retrofitted Boeing 777s with Premium Economy rolling out to six U.S. cities

These retrofitted Boeing 777 aircraft will operate direct flights to Chicago, Boston, Dallas Fort Worth, and Seattle