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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
Softlogic partners with Daikin to advance UAE’s commercial air conditioning industry
The partnership is formed amidst a booming UAE air conditioning market worth over $650 million, driven by real estate growth
Economy
Dubai welcomes 10.62 million international tourists in first 7 months of 2024
Western European countries topped the list of tourists to Dubai, with about 2.086 million visitors
Energy
Oil prices decline amid potential return of Libyan supply to the market
Brent Oil Futures fell by 4.9 percent, closing at $73.75 per barrel
Banking & Finance
Algeria joins BRICS New Development Bank: A new era in economic collaboration
By joining the BRICS financial branch, Algeria is advancing its global financial integration
Economy
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
Energy
Oil prices drop as OPEC+ production rises, demand weakens
Brent crude futures dropped by 61 cents, or 0.8 percent, settling at $76.32 a barrel
Energy
Oil prices show resilience amid supply tightening in Libya and Iraq, but demand worries persist
Brent oil futures for October rose 0.2 percent to $80.08 a barrel
Industry
UAE’s AD Ports climbs to 19th place in 2024 global rankings: Report
The port operator expanded to 33 terminals across 8 countries in 2024
Energy
Oil prices steady amid smaller U.S. inventory draw, Libya’s supply concerns
Brent oil futures for October delivery dipped slightly to $78.62 a barrel
Egypt
Egypt announces new oil discovery in Western Desert with daily yield of 7,165 barrels
The well was drilled to a depth of 270 feet into the Paleozoic sands
Economy
Egypt’s sovereign wealth fund appoints Noha Khalil new acting CEO
TSFE's board of directors also approved the certification of the Fund's budget for submission to the general assembly
Energy
Oil prices rise on strong API data, ongoing supply concerns
Brent crude futures set to expire in October rose by 0.5 percent to $79.92 a barrel
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