Middle East

Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses

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

For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects

Top summer 2024 travel destinations for UAE residents revealed

Data showed a significant uptick in both domestic and international travel

Oil prices rise on softer U.S. inflation, summer demand hopes

Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel

Egypt’s annual urban inflation declines to 27.5 percent in June amid ongoing reforms

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

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

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

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

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

The tourism marvel that is the Middle East

Public and private initiatives drive growth

Oil prices hold near two-month high as inventory draw offsets hurricane worries, dollar weakness

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

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

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

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

Oil prices dip amid lingering demand concerns, U.S. inventory build

Brent oil futures expiring in August fell 0.1 percent to $84.90 per barrel

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

Oil prices edge higher on hopes of summer demand surge, potential supply disruptions

Brent crude oil futures for August delivery rose 0.1 percent to $86.07 per barrel,

Saudi Arabia’s M&A deal volume surges to $955 million in Q1 2024

The chemicals sector accounted for 52.4 percent of the total

Oil prices dip as dollar rises, investors await key inflation data

Brent oil futures expiring in August fell 0.4 percent to $84.88 a barrel

UAE gold prices up, global rates set for second weekly gain

Decline is U.S. weekly jobless claims, new housing construction raised hopes for a rate cut in September

Abu Dhabi’s startup ecosystem ranked fastest growing in MENA, raises $1.06 billion in VC: Report

The emirate was also recognized for its strengths in the FinTech, AgTech and New Food, and ClimateTech sectors