Skip to main content Skip to footer ![Oil prices rise 0.5 percent to $75.06 despite new Trump tariffs; China inflation disappoints](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/oil-prices-1.jpg/w=1024,h=682)
Crude oil WTI futures for March delivery increased by 0.6 percent to $71.13 per barrel
![Saudi telecom giant stc Group launches newly rebranded BPO subsidiary at LEAP 2025](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/stc-2.jpg/w=1024,h=640)
Upsource by solutions offers outsourcing services in HR, finance, operations management, and customer experience, driving improved business efficiency
![WGS 2025: Dubai to host first edition of Young Arab Leaders Forum](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/wgs-2025-Young-Arab-Leaders-Forum.jpeg/w=1024,h=682)
Forum will bring together over 200 emerging leaders from across the Arab world on February 10
![IMF considers new funding for Egypt amid rising costs](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/imf-egypt-1-1.jpg/w=1024,h=629)
Cairo currently benefits from an $8 billion IMF financing agreement expanded in 2022 for economic support
![DIFC launches Dubai Financial Experts Program to develop next generation of national leaders in financial services](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/difc.jpeg/w=1024,h=683)
The initiative aims to boost Emirati knowledge, skills, and leadership in financial services
![Central Bank of Oman launches 73rd issue of Government Development Bonds sized at $259.7 million](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/oman-bonds.jpg/w=1024,h=683)
New offering has a maturity period of five years and a coupon rate of 4.60 percent per annum
![Dubai Chambers, U.S Chamber of Commerce partner to enhance trade, investment ties](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/During-the-MoU-signing-1.jpg/w=1024,h=682)
Partnership will strengthen trade relations and enhance the ties between the business communities of Dubai and the United States
![UAE, French Presidents witness signing of UAE-France Framework for Cooperation in Artificial Intelligence in Paris](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/uae-france3.jpg/w=1024,h=683)
The two leaders emphasized a strategic AI partnership, focusing on collaboration, investment, and Virtual Data Embassies
![Dubai’s GDP grows 3.1 percent to $92.4 billion in first nine months of 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/dubai-gdp-main-1-1-1.jpg/w=1024,h=683)
Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving growth
![Oman’s real estate sector grows 29.5 percent in 2024, hitting $8.6 billion](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/oman-real-estate-1-1-1.jpg/w=1024,h=682)
Real estate activities contributed $2.1 billion to the Sultanate’s GDP
![Saudi Arabia launches King Salman Automotive Cluster, targeting $24.5 billion GDP boost by 2035](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/saudi-crown-prince-automotative-cluster-1-1-1.jpg/w=1024,h=682)
The hub will drive Kingdom's economic diversification and serve as a catalyst for sustainable transportation
![Dubai’s TECOM Group posts record revenue of $653.4 million in 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/02/TECOM.jpg/w=1024,h=683)
The Group saw 14 percent YoY increase in net profit, reaching $326.7 millionÂ