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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
Lagarde signals shift in ECB strategy with third rate cut in 2024
This marks the first consecutive rate reduction in 13 years
Banking & Finance
Central Bank of Egypt holds key interest rates steady amid inflation control, mixed economic indicators
The committee noted that this decision reflects recent global and local developments
Interviews
DET x Amazon Accelerator to help unlock SMEs’ growth potential: Ronaldo Mouchawar
Digital upskilling, tailored expertise and a global platform will help SMEs faster climb the ladder to success
Economy
Oil prices steady amid mixed economic signals from China, strong U.S. retail sales data
Brent crude futures had risen by 8 cents, or 0.1 percent, to $74.53 a barrel
Economy
Oman’s OQEP raises $2 billion in IPO
Global institutional support in the Category I offering exceeded OMR1.0 billion (excluding anchors)
Economy
ADNH Catering raises $235.2 million in IPO
ADNH Catering offered 900 million shares, or 40 percent of its capital
Economy
Oil prices modestly recover amid unexpected U.S. inventory draw, Middle East tensions
Brent crude futures for December delivery increased by 0.6 percent to $74.67 per barrel
Banking & Finance
ADQ, Bank Audi sign definitive agreement to acquire 96 percent of Odea Bank
This move would accelerate Odeabank’s growth and drive tech advancements in financial services
DP World secures 47,000 TEUs to enhance capacity and customer experience
This acquisition reflects its dedication to offering customers dependable and efficient equipment
Banking & Finance
Expand North Star 2024 draws 65 unicorns valued at $400 billion
CEOs of unicorns noted that Dubai is an ideal gateway for launching global digital initiatives
Economy
Oil prices recover modestly amid Middle East stability concerns, weak demand
Brent crude futures for December delivery rose zero point four percent to $74.55 per barrel
Economy
AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation
The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements
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