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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Markets
Dubai Financial Market posts 24 percent growth in 2024 with net profit (pre-tax) of $111.4 million
Market capitalization surged by 32 percent to $246.9 billion
Banking & Finance
Dubai’s Mashreq Bank reports 4 percent increase in net profit to $2.45 billion in 2024
The bank's net profit before tax reached $2.7 billion, marking a 12 percent rise
Energy
Oil prices rise 0.4 percent to $77.21, head for weekly losses with focus on Trump tariffs and PCE data
Attention focused on key U.S. PCE inflation data later today for clues on interest rates
Economy
Markets surge after ECB cuts interest rates for fifth time to 2.75 percent
Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory
Economy
Saudi Arabia’s real GDP sees 4.4 percent growth in Q4 2024, highest in two years
In 2024, Saudi Arabia’s economy rebounded, with real GDP increasing by 1.3 percent year-over-year
Logistics
Qatar-Oman trade volume surpasses $1.8 billion in 2024, says minister
Bilateral meetings aimed to explore collaboration and investment opportunities between Qatari and Omani companies
Qatar
Qatar’s Ooredoo Group to build submarine cable connecting seven GCC countries
The FIG project will provide GCC nations a secure, low-latency route connecting Europe with 720Tbps capacity
Banking & Finance
National Bank of Fujairah’s operating profit reaches all-time high of $441 million in 2024
The bank reported $231.44 million in net profit for the year
Miscellaneous
INTERPOL to establish MENA regional office in Saudi Arabia
The signing followed a meeting where Prince Abdulaziz and the INTERPOL president discussed mutual interests
Economy
Sheikh Maktoum prioritizes financial sustainability to reinforce UAE’s global investment status
H.H.: "We remain committed to adopting the best global financial management practices"
Economy
Dubai unveils two toolkits for resolving family business conflicts
The first toolkit highlights genograms for understanding relationships
Energy
Oil prices rise 0.2 percent to $76.71 as traders absorb hawkish Fed signal, Trump tariffs
West Texas Intermediate crude futures climbed 0.3 percent to $72.81 a barrel
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