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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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business
Hospitality & Tourism
Emirates to connect Dubai and China’s Hangzhou with new daily flights starting July 30
The new service will operate with a Boeing 777-300ER, offering 2,478 weekly seats
Banking & Finance
ADNOC Distribution reports 16 percent net profit increase to $174 million in Q1 2025
EBITDA rose by 11 percent to $275 million, the highest first-quarter result since 2017 IPO
Energy
Crude oil prices rebound to $61.20 as price drop sparks buying; oversupply concerns persist
Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel
Markets
Dubai 24-carat gold prices up AED8; global rates surpass $3,360 amid safe-haven demand
Market analysts predict that any dovish signals from the Fed could further support gold prices
Economy
UAE and Croatia explore opportunities in new economy, tourism and advanced technology
Focus on creating a flexible business environment to boost investment and dialogue between both nations
Economy
Saudi Arabia non-oil sector employment climbs, reflecting continued growth momentum
Saudi Arabia's economy grew 2.7 percent in Q1, driven by non-oil sector activities and diversification
Economy
Warren Buffett to step down as CEO of Berkshire Hathaway – Who will lead next?
Buffett’s announcement was met with applause from 40,000 shareholders during the annual meeting
Energy
Oil prices drop over $2 as OPEC+ agrees to increase production by 411,000 barrels
Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions
Markets
Dubai’s 24-carat gold prices up AED3.50; global rates rise on weaker dollar
Traders expect 80 basis points of rate cuts this year after strong job growth reported in April
Banking & Finance
Dubai’s TECOM Group posts $185.1 million in revenues, up 21 percent YoY
Diverse asset portfolio and long-term strategy drive 23 percent YoY profit increase
Industry
Abu Dhabi Infrastructure Summit to launch inaugural edition in June 2025 to drive innovation, investment
The summit aims to facilitate dialogue on critical challenges shaping the emirate’s built environment
Hospitality & Tourism
Arabian Travel Market (ATM) 2025: Sheikh Mohammed highlights 30.7 million visitors, $68.1 billion tourism spending in 2024
H.H. affirmed the UAE's role as airports are set to welcome 150 million passengers this year
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