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Economy Middle East Summit
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Economics
Economy
Emirati women: Key achievements and milestones in 2024
The UAE ranked 7th globally and remained the top nation in the region in the UN Gender Equality Index 2024
Economy
Investopia Tokyo explores investment and financing opportunities in Japanese markets in fintech, new economy
Bin Touq: ‘Investopia Tokyo’ creates promising economic and investment opportunities for the UAE and Japanese business communities
Economy
Fitch upgrades Oman’s outlook to positive, affirms BB+ credit rating amid fiscal improvements
Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025
Banking & Finance
DP World launches Middle East’s first $100 million blue bond to fund sustainable marine transport
Eligible initiatives include reducing maritime pollution, sustainable ports, and water quality
Economy
Bank of England maintains 4.75 percent interest rate, hints at future gradual cuts
The Bank indicated that the economy underperformed, reporting no growth from October to December
Energy
Crude oil prices face weekly decline of over 2 percent amid Fed’s demand concerns
Brent oil futures set to expire in February slipped 0.5 percent to $72.49 a barrel
Economy
Gold reserves at CBUAE surpass $6.3 billion in Q3 2024
Reserves grew month-on-month by $316.9 million
Energy
Crude oil prices fall 0.6 percent following Fed’s 0.25 basis point rate cut
Brent oil futures for February delivery decreased by 0.5 percent to $73.02 per barrel
Economy
UAE launches unified numbers project to enhance data utilization in policy-making
The initiative provides accurate data on GDP, inflation, foreign investment, and infrastructure rankings
Banking & Finance
Gross banks’ assets exceed $1.2 trillion by end of September 2024: CBUAE
The total gross credit rose by 2.3 percent to $588 billion
Economy
Saudi Arabia’s inflation rate hits 2 percent in November 2024, lowest in G20
CPI illustrates fluctuations in prices that consumers pay for a predetermined basket of goods and services, which includes 490 distinct items
Energy
Crude oil prices dip amid cautious market sentiment and Fed meeting
Brent Oil Futures expiring in February fell 0.3 percent to $74.28 a barrel
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