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Economy Middle East Summit
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Central Bank
Markets
UAE gold prices rise, global rates rebound after hitting three-week low
Softer job openings data, manufacturing PMI spur safe-haven demand for gold
Banking & Finance
Central Bank of Oman joins GCC central banks’ AFAQ payments system
Oman's addition brings AFAQ's total number of participant banks from the GCC region to 67
Markets
UAE gold prices rise, global rates decline as traders await U.S. economic data
Signs of decline in the upcoming U.S. jobs data could support gold prices in the short term
Markets
Oil prices tumble to 4-month low amid demand concerns, OPEC production outlook
Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel
Economy
Egypt’s economy forecast to grow by 4.2 percent in 2025 on increased investment, exports, and consumer spending
The pound devaluation and foreign investments alleviated the country’s currency crisis
Economy
Türkiye’s robust domestic demand drives 5.7 percent Q1 2024 growth
The country is heading towards more balanced and sustainable growth this year, says Finance Minister
Markets
UAE gold prices rise, global rates fall as U.S. economy growth slows in Q1, inflation data awaited
U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023
Banking & Finance
UAE’s financial sector welcomes new Open Finance regulation
Open Finance is beneficial for both fintechs and their customers
Markets
Oil prices steady amid caution over rate decision and inflation despite significant inventory decline
Brent oil futures for July delivery held steady at $83.61 per barrel
Markets
UAE gold prices dip, global rates decline on stronger dollar ahead of key economic data
First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations
Markets
Oil prices climb on demand optimism, OPEC+ cuts eyed
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
Banking & Finance
Oman Central Bank issues T-bills worth $57.24 million
The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent
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