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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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China
Logistics
UAE, China launch integrated service center to spur $400 billion China-Arab trade
A total of 40 projects were signed during the China-Arab Business Forum, with a total value of $5.93 billion
Technology
Nvidia’s stock soars over 4 percent as it reclaims top spot by surpassing Microsoft as most valuable company
The chipmaker’s stock rebounded by 63 percent, adding nearly $1.5 trillion in market value this year
Logistics
Saudi Arabia’s trade surplus hits $3.8 billion in April 2025, with China as top export destination
Exports totaled $24.1 billion, showcasing resilience in the trade sector
Markets
Dubai 24-carat gold price today remains above AED405 amid rising dollar, Middle East tensions
Investors shifted to the dollar following U.S. airstrikes, impacting gold and commodity markets
Miscellaneous
What to expect from Elon Musk’s X as it unveils plans to launch investment, trading services
Plans are also underway to introduce an X-branded credit or debit card by the end of 2025
Energy
Global oil demand to peak at 105.6 million barrels per day by 2029, says IEA
Heightened geopolitical risks, unresolved trade tensions and policy shifts have added several uncertainties to the oil market outlook
Economy
Sheikh Mohammed announces UAE’s $1.1 trillion non-oil trade goal to be achieved within two years
H.H. reported 18.6 percent growth in UAE non-oil foreign trade for Q1 2025
Markets
Dubai 24-carat gold price today exceeds AED414, global rates approach two-month high on Middle East tensions
Fed's upcoming meeting may signal potential interest rate cuts amid economic uncertainty
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
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