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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Energy
Oil prices surge to $81.22 due to potential supply disruptions, cold weather
Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel
Energy
UAE, Brazil formalize mineral exploration MoU for energy and mining collaboration
The UAE is Brazil's second-largest Middle Eastern trade partner, with $2.64 billion in non-oil trade in early 2024
Energy
Oil prices rise by 0.4 percent driven by increased heating fuel demand, cold weather across U.S.
Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel
Kuwait
Kuwait launches new international telecom portal with 100 gigabit capacity
The cable will be a trusted option for big companies and international service providers
Banking & Finance
Ten startups selected for second edition of MIT DesignX Dubai Accelerator
The program features a comprehensive curriculum crafted by MIT, which has proven successful in its first cohort
Markets
PIF invests $200 million in first globally listed Saudi ETF
This move is anticipated to further enrich the Saudi market.
Energy
Oil prices plummet by 0.5 percent as U.S. inventories surge, China reports weak data
Brent crude futures for March delivery decreased by 0.5 percent, settling at $75.79 per barrel
Banking & Finance
DAE signs definitive agreement to acquire 100 percent of Nordic Aviation Capital
The transaction will be adequately capitalized and financed through internal resources and secured debt financing
Markets
Saudi Arabia’s Nice One debuts strong: $320 million IPO soars 30 percent
Shares of the online cosmetics retailer soared to as high as SAR45.5 ($12.1) each
Economy
Sheikh Hamdan: Dubai’s enduring public-private partnerships key catalyst for economic growth, global competitiveness
H.H. reaffirmed Dubai's commitment to promoting business growth and sustainable development
Energy
Oil prices rise to $77.41 amid 4 million barrels drop in U.S. inventories
West Texas Intermediate crude futures also rose by 0.5 percent to $73.97 a barrel
Hospitality & Tourism
ATM 2025 to address soaring growth within aviation sector from April 28 to May 1, 2025
New technology, sustainable aviation, corporate travel, and the ‘gate escape’ to be discussed in detail
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