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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economics
Energy
Oil prices drop over $2 as OPEC+ agrees to increase production by 411,000 barrels
Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions
Markets
Dubai’s 24-carat gold prices up AED3.50; global rates rise on weaker dollar
Traders expect 80 basis points of rate cuts this year after strong job growth reported in April
Industry
Abu Dhabi Infrastructure Summit to launch inaugural edition in June 2025 to drive innovation, investment
The summit aims to facilitate dialogue on critical challenges shaping the emirate’s built environment
Hospitality & Tourism
Arabian Travel Market (ATM) 2025: Sheikh Mohammed highlights 30.7 million visitors, $68.1 billion tourism spending in 2024
H.H. affirmed the UAE's role as airports are set to welcome 150 million passengers this year
Economy
Saudi Arabia reports 2.7 percent GDP growth in Q1 2025 driven by non-oil sector
Non-oil activities rose by 4.2 percent
Economy
New Russia-North Korea bridge to boost trade and tourism, enhance economic ties
Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement
Economy
Bank of Japan (BOJ) maintains rates at 0.5 percent, revises growth forecasts for 2025 and 2026
Cautious approach reflects concerns over U.S. tariffs impacting Japan's recovery prospects
Banking & Finance
Saudi banks successfully navigate external debt growth amid market challenges: S&P
The rise in interbank liabilities accounted for 55 percent of Saudi banks' external debt increase
Bahrain
GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Energy
Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise
Trump's tariffs have raised fears of a potential recession in the global economy this year
Markets
Dubai gold prices drop AED0.75, global rates steady ahead of key U.S. economic data
U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns
Real Estate
Dubai Land Department (DLD) hosts ‘Dubai Real Estate Connect’ event to boost investments from India
Initiative aligns with Dubai’s Real Estate Promotion Strategy to enhance international investment ties
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