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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
Saudi Arabia reports 2.7 percent GDP growth in Q1 2025 driven by non-oil sector
Non-oil activities rose by 4.2 percent
Economy
New Russia-North Korea bridge to boost trade and tourism, enhance economic ties
Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement
Economy
Bank of Japan (BOJ) maintains rates at 0.5 percent, revises growth forecasts for 2025 and 2026
Cautious approach reflects concerns over U.S. tariffs impacting Japan's recovery prospects
Hospitality & Tourism
Emirates and American Express Middle East join forces to empower SMEs across MENA
The agreement will explore a range of offerings, and potential incentives for American Express Middle East card holders participating in the Emirates Business Rewards program
Banking & Finance
Saudi banks successfully navigate external debt growth amid market challenges: S&P
The rise in interbank liabilities accounted for 55 percent of Saudi banks' external debt increase
Bahrain
GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Logistics
Dubai South: Business aviation movements grow 15 percent to 5,275 in Q1 2025
Strong Q1 growth builds on MBRAH's historic 17,891 private jet movements in 2024
Energy
Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise
Trump's tariffs have raised fears of a potential recession in the global economy this yearÂ
Markets
Dubai gold prices drop AED0.75, global rates steady ahead of key U.S. economic data
U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concernsÂ
Banking & Finance
UAE MoHRE, ADIB launch instant digital wallet for corporate payments
Corporate customers can now make instant payments for MoHRE services through the new walletÂ
Real Estate
Dubai Land Department (DLD) hosts ‘Dubai Real Estate Connect’ event to boost investments from India
Initiative aligns with Dubai’s Real Estate Promotion Strategy to enhance international investment tiesÂ
Economy
Dubai Multi Commodities Centre (DMCC) welcomes 260 Indian companies as UAE-India trade aims to surpass $100 billion by 2030
This represents 7 percent growth with Indian companies approaching 4,000 members
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