Russia

UAE’s Air Arabia reintroduces flights between Ras Al Khaimah and Jeddah

Starting December 15, 2024, the flights will operate three times a week on Tuesdays, Thursdays, and Sundays

OPEC+ maintains output cut policy in October as oil prices surge above $75

In September, oil prices slid below $70 per barrel for the first time since 2021

Oil prices jump as Middle East concerns escalate, OPEC+ prepares for market review

Brent futures climbed by $1, or 1.36 percent, reaching $74.56 per barrel

Air Arabia launches three weekly flights to Moscow from Ras Al Khaimah

New scheduled service to Moscow aligns with Ras Al Khaimah’s strategic vision for tourism growth

UAE, Eurasian Economic Commission to enhance economic ties as non-oil trade hits $13.7 billion in H1 2024

Dr. Thani bin Ahmed Al Zeyoudi met Andrey Slepnev in Moscow lately to discuss expanding UAE-Eurasian trade and investment 

OPEC+ members extend voluntary output cuts for two more months as oil prices slump

Overall, OPEC+ is cutting output by 5.86 million barrels per day, about 5.7 percent of global demand

Oil prices plummet amid China’s economic slowdown, ongoing Libyan supply issues

Brent crude futures had fallen by 37 cents, or 0.48 percent, settling at $77.15 a barrel

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

Oil prices sink as China’s economic slowdown fuels demand concerns

Brent crude futures declined by 13 cents, or 0.2 percent, to $79.55 per barrel

Abu Dhabi’s real estate FDI jumps 225 percent to $893 million in H1 2024

During the first half of 2024, Abu Dhabi recorded 12,439 real estate transaction activities with a value of AED36.2 billion

Oil prices slide on bearish inventory data, persistent global economic slowdown fears

Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel

OPEC+ keeps oil policy unchanged, restates plans to ease cuts starting October

OPEC+ is currently cutting output by 5.86 million barrels per day or about 5.7 percent of global demand

Türkiye welcomes 26.1 million visitors in H1 2024, tourism revenues hit $23.7 billion

Türkiye reaffirms commitment to its year-end target of 60 million visitors and $60 billion in revenues

G20 pushes for great fortunes tax to fund climate disaster preparedness 

The G20 DRRWG meeting focused on the critical importance of financing for resilient infrastructure and early disaster risk warnings

OPEC maintains oil demand forecast on resilient global economic growth, air travel growth

OPEC raised its forecast for world economic growth this year to 2.9 percent from 2.8 percent

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

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

Oil prices fall amid dollar strength; U.S. inventory build spurs demand fears

Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel

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

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,

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

Oil prices hover around $85 amid global tensions, inventory shifts

Brent crude futures edged up 2 cents to $85.35 per barrel

What’s behind the U.S. dollar’s dominance, and what can end it?

Dollar accounts for over 60 percent of global central bank reserves, making it the world’s most widely held currency