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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economics
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
Economy
ECB cuts interest rates again amid euro zone economic challenges
The ECB unanimously decided to reduce the deposit rate by 25 basis points
Economy
Qatari economy grows 0.8 percent to $48.5 billion in Q2 2024
GVA of non-mining sector activities reached $33.23 billion during this period
Energy
Oil prices fall modestly as U.S. inventories rise, OPEC+ meeting approaches
Brent oil futures for February delivery dipped 0.1 percent to $73.58 a barrel
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