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Economy Middle East Summit
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Central Bank
Markets
Oil prices climb on China’s economic growth, Middle East tensions
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
Banking & Finance
How can banks stop fraud in a world of instant payments?
Lenders must use innovative approaches to gain customer trust and acceptance of instant payments
Banking & Finance
Qatar Central Bank’s foreign reserves surge 5.2 percent to $67.9 billion in March
The official reserves at the end of March 2024 increased by $3.11 billion
Banking & Finance
China to establish $70 billion re-lending program to support science and technology sectors
21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program
Markets
Oil prices decline as Middle East tensions ease: Brent crude falls below $90
Investors await consumer price index data from U.S. and China later this week
Banking & Finance
Total assets of Qatar’s banks surge 5.8 percent to $541 billion in February
Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion
Markets
Oil prices surge above $90, reaching highest level since October
The rise in prices is fueled by geopolitical tension and supply concerns
Markets
CBUAE’s gold reserves surged to $4.88 billion in January 2024
The gold reserves recorded 7 percent year-on-year increase
Banking & Finance
Egypt’s foreign reserves jump to $40.36 billion in March
The reserves surged by 14.4 percent
Economy
Eurozone inflation drops to four-month low of 2.4 percent in March 2024
The market anticipates four ECB rate cuts, first in June
Economy
Türkiye’s inflation climbs to 68.5% as rate hikes fail to stem price rise
Education again saw the highest cost inflation at 104 percent year-on-year
Banking & Finance
Gross banks’ assets surged to over $1.11 trillion at end of January 2024: CBUAE
Assets grew by 0.8 percent
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