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Economy Middle East Summit 2025
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Energy
Oil prices climb to $67.99 on declining U.S. crude stocks, trade optimism
U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data
Markets
Dubai gold prices drop AED12, global rates fall to $3,340
Prices declined as Trump eased Fed threats and optimism for a trade deal increased
Economy
IMF cuts global growth forecast to 2.8 percent as U.S. tariffs surge to century-high
The IMF lowered its U.S. growth estimate for this year to 1.8 percent and raised its U.S. inflation forecast
Energy
U.S. solar panel tariffs could reach 3,521 percent to combat Chinese subsidies
Decision follows nearly a year of anti-dumping investigations by U.S. solar manufacturers
Energy
Oil prices climb to $66.77 as Trump pressures Fed, tariffs cloud outlook
Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts
Markets
Dubai gold prices up AED10.75, global rates near record high of $3,481
Amid Trump-Fed clash and trade tensions
Logistics
Tariff battles cause Boeing 737 MAX jets to turn back from China
The 737 MAX 8 landed in Guam on Monday after leaving Boeing's Zhoushan center
Saudi Arabia
Aramco, BYD partner to develop new energy vehicle technologies
SATC and BYD aim to foster the development of innovative technologies that enhance efficiency and environmental performance
Logistics
Dubai set to launch autonomous taxi service with 50 experimental vehicles
Vehicles are equipped with 40 sensors and detectors to ensure the highest standards of automation and safety
Markets
Stock market today: U.S. dollar and shares dip as Fed risks arise, tariff fears persist
The euro hit a three-year high on Monday, while the yen sat at a seven-month peak
Energy
Oil prices fall to $66.86 as tariff concerns, economic uncertainty grow
Markets remained nervous about aggressive U.S. tariffs and the ongoing trade war with China
Markets
Dubai gold prices rise AED4.5, global rates reach new record high of $3,384
Amid trade war concerns and weaker dollar
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