UAE and Russia look to deepen parliamentary cooperation

• The meeting between the two addressed the role of parliamentary diplomacy in supporting efforts to promote security and peace in the region
• The officials also discussed the 10th BRICS Parliamentary Forum, to be held in the city of St. Petersburg, Russia, from 10th to 11th July, 2024

Emaar unveils new projects

• The first development valued at $15 billion is poised to set a new standard in premium high-end living
• The second valued at $11.16bn is designed to house wellness facilities, a new standard in luxury hospitality

Egypt signs several MoUs with global developers in renewable energy

• The agreements to set up geen hydrogen projects represent a new step or the Sovereign Fund of Egypt in its partnerships with global companies
• The green projects are expected bring in investments of $12bn for the pilot phase and $29bn for the first phase, for a total of $40bn over 10 years

UAE presses for ‘sustainable development policies’ at BRICS meeting in Brazil

• Al Hussaini said the UAE aims to boost cooperation between emerging and developing economies and set up governance frameworks on a global level
• The minister said they expect more fruitful collaboration among the group’s nations, which are increasing in importance and role in international affairs

QDB signs MoU with Global Ventures

• The two agreements align with the bank's initiatives to bolster the private sector and create investment opportunities
• The collaboration will enhance the provision of training programs and field training to equip investors and fund managers

Geopolitical risks, sanctions keep commodity markets on edge

• The report said many participants emphasized the risks of moving too quickly and noted the importance of carefully assessing incoming data
• The recent data revealing a weakening demand in the US restricted the rise in oil prices, as the crude oil stocks in the country increased by 7.1m barrels

Tunisian president emphasizes need to bolster security in Arab societies

• The president spoke at the the 41st session of the Arab Interior Ministers Council launched in Tunis, calling for efforts to deal effectively with all security challenges
• Saudi interior minister said the regularly scheduled council meetings "reflects the common awareness of the importance of coordination to confront all the challenges

Arab League organizes workshop to discuss BRICS role in MENA region

Multiply Group acquires Backlite Media

• The acquisition seamlessly complements the group’s existing portfolio, which includes Media 247 and Viola Communications
• BackLite Media, a premier advertising company, has assets in landmark locations in the UAE with revenues of $63.17m in 2023

Morocco aims to increase exports by 12% in 2024, says kingdom’s trade minister

• The minister said in Dubai the Moroccan government's economic growth forecasts are around 3.7 percent this year
• He said the WTO conference is an opportunity for dialogue toward fairer and more transparent trade measures