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![Global aviation industry to see over 10,500 aircraft deliveries worth $640 billion by 2043: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
Smaller aircraft deliveries will drive global demand with orders for 8,470 jets of up to 150-seat capacity by 2043
![Oil prices rebound after recent losses as industry data shows inventory drop, but surplus looms in 2025](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel
![UAE’s Air Arabia to connect Sharjah and Maldives with daily non-stop flights](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The new route offers travelers more convenient and affordable ways to explore a popular South Asian destination
![$7.2 billion revenue at Egypt’s Suez Canal marks $2.2 billion decline amid Red Sea attacks](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The canal's total tonnage fell by a third, and the number of transits declined by about 22 percent YoY
![UAE and Seychelles partner to promote local currency usage, interlink payment and messaging systems](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
This includes developing the exchange market, facilitating bilateral trade and direct investment, and remittance settlement
![UAE’s DP World, Evya Group merge port operations to establish major logistics hub in Türkiye](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The completion of the merger follows regulatory approval from the Turkish Competition Authority
![Egypt’s Central Bank holds key rates amidst 2.2 percent GDP growth and 27.5 percent inflation](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The bank noted that "the current monetary stance is appropriate to support the sustained moderation of inflation."
![Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel
![IMF maintains global GDP growth forecast at 3.2 percent for 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
![Why Buy Now, Pay Later (BNPL) services are booming in UAE and Saudi Arabia](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
BNPL services are outpacing credit cards in the region
![Top summer 2024 travel destinations for UAE residents revealed](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20636'%3E%3C/svg%3E)
Data showed a significant uptick in both domestic and international travel
![Oil prices rise on softer U.S. inflation, summer demand hopes](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel
![Expat remittances from Saudi Arabia surge 12 percent to $3.35 billion in May](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Remittances sent abroad by the Kingdom's nationals also rose by 6 percent during this period, totaling $1.64 billion
![Egypt’s annual urban inflation declines to 27.5 percent in June amid ongoing reforms](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This downward trend extends from a record high of 38 percent reached in September 2023
![Egypt approves $200 million in energy projects with foreign, national companies](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Agreements include a deal to search for and exploit gas and crude oil in the North Port Fouad offshore area in the Mediterranean
![Mohammed Bin Rashid Library to host first Dubai International Library Conference 2024 from 15-17 November 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Discussions will include the preservation and restoration of archives, AI, intellectual property, copyright laws
![UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
MENA startups raised $116 million in June 2024, bringing H1 total to $882 million
![2024 will likely be the world’s hottest year as June temperatures hit record-high](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent crude futures, which have risen 7 percent over the past four weeks, dipped slightly by 2 cents to $87.41 per barrel
![The tourism marvel that is the Middle East](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Public and private initiatives drive growth
![Oil prices hold near two-month high as inventory draw offsets hurricane worries, dollar weakness](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Brent crude futures for September delivery rose 0.2 percent to $86.41 per barrel
![From Middle East to Africa, travel sector reaches new heights in 2024: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
UAE ranked among the top 10 global travel destinations in the past year
![Oil prices surge on fears of disruptions in Russia and Middle East, defying inventory build](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20681'%3E%3C/svg%3E)
Brent oil futures expiring in August rose 0.4 percent to $86.73 a barrel
![Remittance flows to low-middle-income countries moderated in 2023, reaching $656 billion: World Bank](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Remittances to LMICs are expected to grow 2.3 percent in 2024, but unevenly across regions