Toyota announced a 680 million euro investment to produce an electric car at its plant in the Czech Republic, supported by a 64 million euro government incentive and creating 245 new jobs.

Gold prices surged to a new record high amid expectations of a US interest rate cut. Gold closed at $3,593.20 per ounce, silver at $41.542. US job vacancies fell to 7.2 million in July 2023.

Dr. Sultan Al Nuaimi launched the "Young Financial Advisors" program with 35 participants from across the Emirates, aiming to empower youth financially and equip them with practical expertise to strengthen the national economy as part of the Youth Agenda 2031.

The Ministry of Human Resources and Emiratisation revealed a growing presence of Emirati women in the private sector, with women constituting 90% of Emirati workers in health professions and 54% of Emirati leaders in the private sector. Emirati women also represent 98% of workers in educational professions and 71% of the skilled workforce, reflecting successful empowerment policies.

Dr. Suleiman Al Jasem, President of Fujairah University, stated that the university centers the student in its educational mission and offers advanced academic programs aligned with artificial intelligence to empower students for creativity and community service.

Oil prices dropped over 2% at settlement ahead of the upcoming OPEC+ meeting to discuss a production increase in October. Brent crude settled at $67.60 and WTI at $63.97 per barrel amid expectations of increased output to regain market share.

The UAE launched the Young Financial Advisors Program to train 35 young Emiratis from across the Emirates, aiming to raise financial awareness and promote responsible financial behavior among youth, supporting national economic development and financial competency growth.

The UAE Council for Islamic Legislation has set the zakat threshold for dates in 2025 at 541 kilograms of dried dates, with specific zakat rates depending on irrigation costs.

The Arab Travel Market 2026 highlights the future of the global travel and tourism sector, forecasting 30 billion tourist visits and a $16 trillion contribution to global GDP by 2034, with a significant role for innovation and technology.

Egypt's Petroleum Minister Karim Badawi confirmed at the "Africa Down Under" conference in Perth that several Australian companies are interested in investing in Egypt's mining sector and discussed gold exploration opportunities with major companies.