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Economy Middle East Summit 2025
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Donald Trump
Markets
Tesla stock tumbles after earnings report reveals 71 percent net income decline
Stock slid as CEO announced plans to reduce involvement with DOGE
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
Trump to visit Saudi Arabia, UAE and Qatar as White House confirms mid-May plans
Trump will address Ukraine and Gaza conflicts during his visit to Saudi Arabia, a key U.S. ally
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
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
Markets
Dubai gold prices surpass AED400 as global rates hit new record high
The dollar index hovered near a three-year low hit last week, making gold more attractive for other currency holders
Economy
China’s economy beats expectations with 5.4 percent Q1 growth
Analysts believe Beijing is likely to ramp up economic support measures to maintain its 2025 growth target of around 5 percent
Markets
Oil prices edge lower to $64.49 as IEA warns of slowing demand growth
U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17
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