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Economy Middle East Summit 2025
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business
Logistics
Dubai Chamber of Commerce issues 5,357 ATA Carnets for $1.2 billion in 2024
ATA Carnets provide substantial cost savings by exempting exporters from VAT and customs duties
Economy
Investopia inks seven new partnerships for knowledge cooperation, organizing new Investopia Global editions
The MoU with EFG Consulting enhances cooperation for 'Investopia Europe' in Milan, boosting UAE-European ties
Markets
UAE gold prices dip AED1.75, global rates below record highs amid tariff concerns
PCE and GDP data on the horizon for market insights
Energy
Oil prices steady at $73.05 amid Trump’s Venezuela tariff concerns
OPEC+ ready to move forward with scheduled output increase in May
Economy
CBUAE projects UAE GDP growth of 4.7 percent in 2025, 5.7 percent in 2026
The UAE's non-oil trade surpassed AED2 trillion in the first nine months of 2024
Real Estate
Dubai Land Department launches ‘Tayseer’ initiative to ease payment of currently overdue service fees
Unit owners can settle outstanding service fees with flexible six-month payment plans through management companies
Banking & Finance
Fitch affirms RAKBANK’s BBB+ long-term issuer default rating with stable outlook
The bank's asset quality improved with declining non-performing loans and strong loan-loss coverage ratios
Economy
UAE, Egypt presidents discuss strengthening ties through developmental and economic collaboration
President El-Sisi held Ramadan Iftar banquet in honor of the UAE president
Markets
UAE gold prices down AED1.75, global rates rise on Fed optimism
Spot gold was up 0.1 percent at $3,025.12 an ounce
Energy
Oil prices slip to $71.88 amid Trump tariffs, Russia-Ukraine talks
West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel
Banking & Finance
Egyptian banks report record profits of $10.6 billion in 2024
The net return for banks rose to EGP915 billion in 2024, up from EGP582.5 billion
Economy
Bank of England: Pound falls as interest rates remain unchanged amid global trade concerns
Yields on British gilts slip slightly, with 10-year yield recorded over four basis points lower
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