Middle East

MENA sees 321 M&A deals worth $49.2 billion in H1 2024, UAE and Saudi Arabia lead

The UAE and Saudi Arabia reported 94 deals, accounting for 61 percent of the overall domestic M&A deal volume

UAE gold prices rally, global rates hit 2-week high as Fed hints at September rate cut

Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East

UAE gold prices surge, global rates rise ahead of Fed policy decision

If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally

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

Oil prices rebound after recent losses as industry data shows inventory drop, but surplus looms in 2025

Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel

Air Arabia to connect Sharjah and Maldives with daily non-stop flights

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

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

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

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

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

Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel