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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Central Bank
Energy
Oil prices climb to $71.32 amid Mideast tensions, China’s stimulus
West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel
Banking & Finance
UAE Funds Transfer System processed $5.4 trillion in transactions in 2024: Central Bank
This marks a year-on-year rise of 15.9 percent
Banking & Finance
CBUAE: Gross banks’ assets rise 2.4 percent to $1.24 billion at end of December 2024
CBUAE reported M1 money supply rose 2.3 percent to $257.7 billion by December 2024
Markets
UAE gold prices up AED0.5, global rates steady ahead of inflation data
Spot gold was unchanged at $2,916.69 per ounce, while U.S. gold futures edged up 0.1 percent to $2,922.30
Markets
UAE gold prices fall AED1.75, global rates see uptick as dollar weakens, safe-haven demand rises
The dollar index neared a four-month low, making bullion cheaper for global buyers
Markets
UAE gold prices up AED0.75, global rates gain amid Trump tariff uncertainty
Trump signed orders expanding tariff exemptions for goods from Canada and Mexico this week
Economy
Türkiye lowers interest rate to 42.5 percent as inflation eases
The bank’s monetary policy committee decreased its headline lending rate by 250 basis points on March 6
Economy
Oman’s inflation rate averaged 1.4 percent between 2021 and 2024
The average GDP growth rate at constant prices was 3.9 percent from 2021 to 2023
Markets
UAE gold prices up AED0.25, global rates rise on dollar weakness
Investors await U.S. nonfarm payrolls data Friday to assess Fed's interest rate strategy
Economy
Who is Adrian Orr, New Zealand’s Central Bank governor who suddenly resigned?
Deputy Governor Christian Hawkesby will act as Governor until Orr's departure on March 31
Banking & Finance
CBUAE first Central Bank in region to sign Statement of Commitment to FX Global Code
This code promotes integrity, transparency, and fairness in the wholesale foreign exchange market practices
Banking & Finance
Türkiye’s inflation eases to 39.05 percent in February, raising rate cut bets
As inflation continues to decelerate, the central bank is widely expected to deliver another 250 basis-point cut this week
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