Europe

Container volumes fuel $9.33 billion revenue for DP World in H1 2024

The port operator invested $994 million in capital expenditures during the period

Abu Dhabi’s ADX, Armenia Securities Exchange partner to promote market development, innovation

Agreement to pave the way for the inclusion of the Armenia Securities Exchange as a member of the Tabadul Digital Exchange Hub

Emirates to launch retrofitted Boeing 777s to Zurich, Riyadh starting October 1

So far, 25 aircraft have been retrofitted, with 17 more to undergo the upgrade by December 2024

UAE’s flydubai adds Basel to its expansive 29-destination European network

The carrier’s European network already includes Budapest, Catania, Krakow, Milan-Bergamo, Prague, Salzburg, and Zagreb

Top trending travel destinations on TikTok in 2024

Dubai is the most popular city on TikTok, with over 29.7 million posts

Oil prices decline to near 8-month low as U.S. recession concerns outweigh Middle East tensions

Both Brent and WTI declined more than 3 percent to their lowest since January on Friday following a volatile week

10 most expensive cities in the world in 2024 for international workers

Of the 10 most expensive cities in the world for international visitors, half are in Western Europe, with Switzerland being home to four

G20 pushes for great fortunes tax to fund climate disaster preparedness 

The G20 DRRWG meeting focused on the critical importance of financing for resilient infrastructure and early disaster risk warnings

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