Europe

Sheikh Maktoum seeks stronger ties across key sectors at GCC-European Union Summit

In 2023, the EU became the second-largest trading partner of the GCC region, with total trade reaching €170 billion

Global gold rates near all-time high, UAE prices up ahead of U.S. economic data

The U.S. retail sales and industrial production data for September, as well as weekly jobless claims data, are all due later today

Masdar, Iberdrola complete wind turbine installation at Germany’s Baltic Eagle offshore wind farm

By 2026, Iberdrola's Baltic Hub will have a total capacity of more than 1.1 GW and trigger investments of around €3.7 billion

AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation

The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements

Dubai’s dnata secures multi-year catering deal with T’way Air in Rome to supply 80,000 meals annually

T’way Air will operate three weekly flights connecting the Italian capital with South Korea 

Italy’s Raccortubi S.p.A invests $6.8 million in Sharjah’s Hamriyah Free Zone

This investment highlights Hamriyah Free Zone's effort to attract diverse foreign investments 

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

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

dnata, beOnd partner to support growth of premium air travel from the UAE

beOnd currently operates two routes connecting Al Maktoum - Dubai World Central with Male (MLE) and Zurich (ZRH)

Double-digit growth for air cargo continues: IATA

Overall demand, measured by CTKs, increased by 11.4 percent in August 2023, with international operations up 12.4 percent 

UAE’s DMCC, CV VC collaborate to enhance regional Web3 ecosystem growth

Both organizations will enhance their ecosystems through collaboration, including workshops, resource sharing, and joint events 

Etihad, DCT Abu Dhabi ‘stopover’ initiative sees 242 percent surge in travelers

The initiative's relaunch has surpassed expectations and significantly boosted the emirate's tourism industry

Emirates makes touchdown to Lagos, Nigeria

The daily service is strategically scheduled to optimize connections to key locations, enhancing business and leisure travel to and from Nigeria

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