Countries across the Middle East are struggling to create diverse opportunities for their youth, according to the latest World Economic Forum (WEF) Arab World Competitiveness Report.

Kuwait’s current account registered its highest surplus in three years during the first quarter standing at KD1.7 billion ($5.58 billion) - about 17 per cent of quarterly GDP - up from KD1.2 billion ($3.94 billion) in the fourth quarter of 2017, said a report by Central Bank of Kuwait.

Saudi Arabia, the world’s biggest crude exporter is future-proofing itself against oil’s decline by investing the increasingly booming technology industry.

Oil prices fell on Wednesday after data from the American Petroleum Institute (API) showed increased U.S. crude inventories in the week to Aug 10.

Electric automaker Tesla has formed an independent special committee to explore the possibility of becoming a private company, as founder Elon Musk wants.

Dubai aims to increase non-oil trade with India to Dh110 billion from the existing Dh99 billion over the next couple of years, said a senior official.

The United Arab Emirates (UAE) has the most competitive economy in the Mena region, said a new study from the World Bank Group and the World Economic Forum.

New car sales in Lebanon dropped by 4.6 percent in the first seven months of 2018. This is due to the economic slowdown and delicate political situation, according to the Association of Car Importers in Lebanon Monday.

The Venture lab at The American University in Cairo (AUC Venture Lab) one of the leading university-based start-up accelerators in Africa and the MENA region, and banking software company Temenos, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo.

The Central Bank of Oman (CBO) is currently framing guidelines to enable the efficient roll-out of electronic wallets (e-wallets) and other payment instruments used by banking and non-banking institutions, reported local news daily, Oman Observer.

President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States, retaliating in a row with Washington that helped drive the lira to record lows.

Oil demand growth in 2019 will be lower than originally expected, the Organization of the Petroleum Exporting Countries and Russia stated in its monthly report.

The Emirates National Oil Company (Enoc) has issued a warning about a new scam that is targeting residents in the UAE.

The currency crisis engulfing the Turkish lira has led investors to pursue the stability offered by safe havens such as gold, which saw a hike in value by 0.4 per cent coinciding with the crash of the lira.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday issued two decrees supporting people with disabilities.