Skip to main content Skip to footer ![Central Bank of Egypt reports $2.2 billion increase in gold reserves for 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Egypt-gold-reserves.jpg/w=1024,h=682)
This surge brings the total value to $10.644 billion by December 2024, a rise from $8.440 billion recorded in December 2023
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The company aims to expand into Dubai and Kuwait, targeting growth in MENA, Europe, and North America
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This agreement seeks to reduce trade barriers, enhance customs procedures
![UAE and Kazakhstan Presidents discuss bilateral relations, issues of shared interest](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/UAE-President-Kazakhstan.jpg/w=1024,h=683)
The two leaders underscored the need for enhanced global cooperation to tackle pressing issues like climate change
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Crude oil WTI futures for March also fell by 0.3 percent, reaching $77.12 per barrel
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In 2024, Saudi Arabia rose to 15th in global container handling, according to Lloyd’s List
![UAE tech industry poised for record growth in 2025 with $3.8 billion revenue increase](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/UAE-tech-industry.jpg/w=1024,h=682)
The tech sector will expand in AI, cloud computing, and emerging technologies like blockchain and IoT
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Georgieva noted that the U.S. economy is performing "quite a bit better" than anticipated
![Oil prices surge to $81.22 due to potential supply disruptions, cold weather](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Oil-prices.jpg/w=1024,h=684)
Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel
![UAE, Brazil formalize mineral exploration MoU for energy and mining collaboration](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Sheikh-Khaled-Brazil-1.jpeg/w=1024,h=596)
The UAE is Brazil's second-largest Middle Eastern trade partner, with $2.64 billion in non-oil trade in early 2024
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Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel
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The cable will be a trusted option for big companies and international service providersÂ