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Economy Middle East Summit
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Middle East
Health
Emirati students headed to NASA space camp as Arab Health marks 50th anniversary
The scholarship offers students immersive space and science learning opportunities
Energy
Oil prices up 0.2 percent to $80.91 amid supply concerns, Trump’s inauguration caution
West Texas Intermediate crude futures also rose by 0.2 percent to $77.56 per barrel
Markets
UAE gold prices largely steady, global rates rise ahead of Trump’s inauguration
The Federal Reserve will likely hold interest rates steady on January 29
Hospitality & Tourism
Wizz Air Abu Dhabi reaches milestone with 3.5 million passengers in 2024
The ultra-low-fare airline unlocked more than 4.4 million ultra-low-cost seats
Logistics
Green hydrogen to play major role in sustainable aviation fuel, says Boeing META President
Aviation industry has committed to introducing this biofuel to achieve global sustainability goals
Miscellaneous
UAE-based AKCEL GP makes global debut with Emirati stars Hamda and Amna Al Qubaisi
Pioneering team competes in FRECA, FRMEC, and F4, highlighting innovation, diversity, and emerging talent
MENA
MENA region’s solar energy capacity to exceed 180 GW by 2030: Report
Solar capacity in the region rose 23 percent to 32 gigawatts in 2023
Energy
Oil prices climb to $81.63, 0.4 percent surge driven by strong Chinese economic data
Crude oil WTI futures expiring in March rose 0.5 percent to $78.24 a barrel
Markets
UAE gold prices rise AED1.5, global rates set for third weekly gain on Fed rate cut bets
Gold rose to its highest since December 12 after several sets of U.S. economic data pressured Treasury yields further
Banking & Finance
MENA IPOs hit 18-year high, bond issuance surges 86 percent in 2024: Report
Food delivery firm Talabat raised $2 billion in its stock market debut, the largest IPO in the MENA region during 2024
Markets
UAE gold prices rise AED1.5, global rates hover near 1-month high
Easing underlying inflation in the U.S. renewed hopes of a less restrictive Fed policy this year
Energy
Abu Dhabi’s Tadweer Group launches 40 percent emission reduction plan by 2035
Tadweer Group is poised to make significant strides in environmental responsibility
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