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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economics
Economy
Fitch upgrades Etihad Airways to ‘A+’ citing stronger standalone credit profile
The outlook on the Issuer Default Rating is stable, the report noted
Economy
UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue
The dialogue seeks to boost bilateral trade and economic diversification initiatives
Miscellaneous
Saudi Arabia reveals designs for world’s tallest sports tower in Riyadh
The tower stands tall at 130 meters, encompassing 84,000 sqm of world-class facilities
Markets
Oil prices rise on weaker dollar, tighter supply bets ahead of CPI data
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
Hospitality & Tourism
GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report
The GCC region already boasts some of the world's most modern airports
Economy
Egypt’s annual urban inflation declines to 27.5 percent in June amid ongoing reforms
This downward trend extends from a record high of 38 percent reached in September 2023
Energy
Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project
His Highness met with heads of global energy companies to discuss the future of the sector
Logistics
Dubai to get world’s largest fruit and vegetable trade logistics hub
Witnessed by Sheikh Maktoum, the agreement was signed between Dubai Municipality and DP World
Hospitality & Tourism
Abu Dhabi’s Etihad Airways launches daily flights to Boston, Toronto
Etihad will also begin flying its state-of-the-art Airbus A350 once daily to Toronto Pearson Airport in Canada, starting October 27
Markets
Oil prices rise on larger-than-expected U.S. inventory draw, offsetting distillate stockpile build
Brent crude futures rose 0.2 percent to $84.84 per barrel
Economy
Egypt’s economic reforms boost remittances: 26.6 percent monthly rise to $2.7 billion in May 2024
The remittances in May 2023 amounted to around $1.6 billion, as reported by CBE
Economy
E-commerce in Saudi Arabia sees 17.47 percent surge with 40,697 new records in Q2 2024
Riyadh topped the regions in Saudi Arabia for issuing e-commerce records, with 16,535 commercial records
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