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Economy Middle East Summit
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Central Bank
Banking & Finance
CBUAE forecasts real GDP growth: 4 percent in 2024, rising to 5.5 percent by 2026
Non-oil GDP growth is projected to remain robust at 4.9 percent in 2024 and 5.0 percent in 2025
Markets
UAE gold prices dip AED1.25, global rates rise on U.S. trade tariff concerns
In the past year, gold prices have gained over 27 percent, positioning bullion for its most successful year since 2010
Economy
Japan GDP: Growth trends and economic forecasts for 2025
Approximately 70 percent of Japan’s GDP is derived from the services sector
Energy
Oil prices rise 0.4 percent amid U.S. shutdown relief, positive inflation trends
Brent crude futures for February rose by 0.4 percent to $73.20 a barrel
Markets
UAE gold prices edge down, global rates recover from one-month low
Expectations of fewer cuts in 2025 pushed gold prices to their lowest since November 18 last week
Economy
Bank of England maintains 4.75 percent interest rate, hints at future gradual cuts
The Bank indicated that the economy underperformed, reporting no growth from October to December
Markets
UAE gold prices drop AED2.75, global rates set for weekly dip ahead of key U.S. data
Gold prices have lost around 2 percent so far this week
Energy
Crude oil prices face weekly decline of over 2 percent amid Fed’s demand concerns
Brent oil futures set to expire in February slipped 0.5 percent to $72.49 a barrel
Markets
Bitcoin trades near $100,000 after Powell says “we’re not allowed to own Bitcoin”
In the last week, the world's largest cryptocurrency lost 0.10 percent of its value
Economy
Gold reserves at CBUAE surpass $6.3 billion in Q3 2024
Reserves grew month-on-month by $316.9 million
Markets
UAE gold prices fall AED5, global rates dip following Fed rate cut
Investor sentiment was impacted after the central bank signaled fewer rate cuts next year
Energy
Crude oil prices fall 0.6 percent following Fed’s 0.25 basis point rate cut
Brent oil futures for February delivery decreased by 0.5 percent to $73.02 per barrel
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