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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Banking & Finance
Trump doubles tariffs on steel and aluminium to 50 percent
The move hikes import taxes for the second time since March, impacting various industries and consumers
Economy
Egypt’s annual urban inflation climbs to 16.8 percent in May 2025, reports CAPMAS
Up from 13.9 percent in April
Banking & Finance
Armenia Stock Exchange joins ADX’s Tabadul platform to enable cross-border trading
The platform enables seamless trading and settlement in local currencies
Economy
UAE and Kuwait enhance partnerships in AI, energy, transportation through strategic MoUs
Key sectors include oil and gas, social development, and infrastructure to support mutual goals
Logistics
Dubai Metro Blue Line unveiled: Major transit expansion to connect key city hubs by 2029
With 14 stations, the Blue Line will connect key areas like Dubai Creek and Festival City
Energy
Crude oil prices fall to $65.40 as OPEC+ output rises despite concerns over Canadian supply
OECD revised down its global growth forecast due to the impacts of trump's trade war
Markets
Dubai 24-carat gold price rises today by AED2.75, global rates gain amid U.S.-China trade jitters
OECD warned of sharper-than-expected economic slowdown impacting the U.S. economy significantly
Economy
Saudi Arabia’s non-oil private sector surges to 55.8 in May 2025 fueled by construction boom
New order volumes rebounded significantly, propelled by heightened demand and robust sales performance
Banking & Finance
Dubai Future District Fund reports $1.65 billion in capital commitments, supports over 190 startups
The Fund’s strategic initiatives showcase its role in advancing technology and venture capital in Dubai
Hospitality & Tourism
Middle East tourism spending to hit $350 billion by 2030, says ATM report
The Middle East’s rise as a global hub for business events is another key highlight of the report
Banking & Finance
Oman’s Treasury Bills issuance reaches $131.3 million in week
The value of allotted Treasury bills reached OMR2 million for a maturity period of 91 days
Markets
GCC equities attract $1.87 billion in foreign investments, indicating market recovery: Report
The UAE attracted $764 million in foreign capital as global equity markets stabilize and recover
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