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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economics
Saudi Arabia
HUMAIN, AWS unveil $5 billion AI Zone in Saudi Arabia to accelerate global AI leadership
The new AI Zone aligns with Saudi Arabia’s Vision 2030 and economic transformation goals
Economy
Trump celebrates historic ties with Saudi Arabia in Diriyah following $600 billion investment announcement
Saudi-U.S. relations deepened as Trump secured $600 billion investment commitment to the Kingdom
Economy
Abu Dhabi’s Crown Prince Sheikh Khaled arrives in Riyadh to attend GCC-U.S. Summit
Summit seeks to enhance security and economic cooperation
Energy
Crude oil prices dip to $66.24, near two-week highs amid U.S.-China tariff optimism
Expectations of a significant increase in U.S. oil inventories tempered optimism in the market for now
Markets
Dubai gold price today falls AED3.25 amid easing trade tensions
Positive developments in U.S. trade policy are diminishing the appeal of gold in the short-term
Economy
Goldman Sachs cuts U.S. recession forecast to 35 percent, raises 2025 GDP growth to 1 percent
The revision follows a landmark agreement between the U.S. and China will lower tariffs for 90 days
Real Estate
Dubai real estate: Emaar Properties posts $2.74 billion in Q1 2025 revenue, a 50 percent increase YoY
The company reported a net profit before tax of $753 million, up 49 percent
Economy
Shurooq’s $1.96 billion investments fuel 52 projects in 15 years of development in Sharjah
Key initiatives include AED5 billion in real estate and AED850 million in hospitality projects
Banking & Finance
UAE Cybersecurity Council partners with e& UAE to launch Al Ain Innovation Center
The center will support applied research, talent development, and startup initiatives in critical technologies
Banking & Finance
Dubai government launches world’s first crypto payments for cashless services
Dubai Finance partners with Crypto.com to revolutionize government payments with cryptocurrencies
Energy
Crude oil prices drop to $64.83 amid supply concerns, U.S.-China trade deal
U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.
Markets
Dubai gold prices rise AED6.25, global rates hover near over one-week low
U.S. and China announced tariff reductions, boosting global shares and altering market dynamics
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