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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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China
Markets
Oil prices rise on strong Chinese demand, weakening U.S. labor market
Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel
Markets
Oil prices rise on mixed Chinese trade data, Middle East tensions
Brent oil futures, set to expire in July, saw a 0.4 percent rise to reach $83.93 per barrel
Markets
UAE gold prices steady, global rates rise as traders await rate cut cues
China's central bank marked its 18th consecutive month of gold purchases in April
Hospitality & Tourism
ATM 2024: Dubai’s Emirates, China Cultural Centre join forces to amplify tourism opportunities
The agreement aims to enhance inbound travel from Emirates' global network to China
Egypt
China’s Xinxing Ductile to invest $400 million in Egypt within 5 years
In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory
Energy
QatarEnergy inks historic $6 billion agreement to build 18 ultra-modern LNG vessels in China
LNG supplies from Qatar to China reached around 17 million tons in 2023
Sustainability
IEA forecasts strong growth in electric car sales to 17 million in 2024
The IEA expects China to account for 10 million electric vehicle sales this year
Economy
China leaves benchmark lending rates unchanged in line with market expectations
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Energy
Saudi Aramco to acquire 10 percent stake in China’s Hengli Petrochemical
Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
Economy
UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
Egypt
Egypt’s SCZONE attracts 128 projects worth over $3 billion, Chinese firms contribute 40 percent
SCZONE inked 14 agreements with major Chinese companies to boost investment
Economy
IMF’s Georgieva urges China to address economic slowdown, enhance productivity
The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies
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