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Economy Middle East Summit
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Middle East
Markets
UAE gold prices decline, global rates set for weekly fall after slipping from record highs
Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
Energy
Oil prices flat, headed for bleak weekly performance amid demand concerns
Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel
Banking & Finance
Brands For Less sells 35 percent stake to TJX for $360 million
This transaction values BFL at $1.2 billion
Energy
Oil prices weaken on U.S. labor data, demand outlook uncertain
Brent oil futures fell 0.1 percent to $75.95 a barrel
Bahrain
Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin
This growth underscores the chamber's efforts to boost trade opportunities and enhance the UAE's international trade footprint
Energy
Oil prices slide on rising U.S. inventories, easing Middle East tensions
Brent crude futures declined by 0.1 percent, settling at $77.11 per barrel
Health
Dubai welcomes over 691,000 health tourists, generating $280.42 million in spending
The emirate's indirect revenue from health tourism reached AED2.3 billion in 2023
Energy
Oil prices retreat as geopolitical concerns ease, demand concerns rise
Brent crude futures dropped 0.7 percent, or 53 cents, to $77.13 per barrel
Economy
DMCC seeks to expand UAE-U.S. trade, investment flows across key sectors
DMCC is currently home to over 45 percent of the 1,500 American businesses in the UAE
Energy
‘Virtual’ oil barrels dwarf trade in physical oil
Quantitative and algorithmic trading account for 70 percent of daily oil futures trading
Interviews
As demand soars, Airbus prepares for the Middle East’s aviation future
3,700 new aircraft are needed in the region over the next 20 years
Banking & Finance
Behind the boom: Insights into the growth of the financial industry in MENA
The space is competitive and will breed significant innovation in the next few years
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