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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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China
Miscellaneous
Apple tops iPhone market in China with 15 percent global sales growth, strongest since COVID
The growth is driven by a resurgence in Apple’s largest markets, China and the U.S.
Banking & Finance
U.S. tariff revenue rises 270 percent, posts record $23 billion in May 2025
U.S. customs duties surged to a record high, contributing to a reduction in the budget deficit.
Banking & Finance
Nasdaq Dubai celebrates ICBC’s $1.72 billion multi-currency green bond listings
The listings include $1 billion Floating Rate Notes and $300 million 4.125 percent Notes due 2028
Economy
Trump urges Fed to cut rates by ‘one full point’ following latest CPI data release
Trump described the May Consumer Price Index as a “great” number
Energy
Oil prices dip to $69.48 despite heightened Middle East security risks
A geopolitical premium that keeps Brent above $65 per barrel will likely persist until further clarity on U.S.-Iran talks
Markets
Dubai gold prices surge AED3.75 as global rates climb on rising Mideast tensions, weaker dollar
Trump announced on Wednesday that U.S. personnel were being moved out of the Middle East due to heightened security risks
Economy
U.S.-China trade deal is ‘done’ and tariffs on China will be set at 55 percent, says Trump
The president explained that full magnets and any necessary rare earths will be supplied, up front, by China
Energy
Crude oil prices dip yet stay above $66.75 as OPEC+ plans production increase
OPEC+ plans to increase oil production by 411,000 barrels per day starting in July
Markets
Dubai 24-carat gold price today drops to AED398.5 amid U.S.-China trade uncertainty
U.S. and Chinese officials agreed on a framework for their trade truce but uncertainty lingers
Markets
Stock market today: Asian shares, dollar rise ahead of U.S.-China trade talks verdict
Talks wrapped up Monday night and were set to resume at 9:00 GMT on Tuesday
Energy
Crude oil prices climb above $67.2 as U.S.-China trade talks show promise
U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal
Markets
Dubai 24-carat gold price today declines amid ongoing U.S.-China trade negotiations
High-level U.S.-China trade talks covering tariffs and rare earth restrictions are extending into a second day
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