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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economics
Miscellaneous
Saudi Arabia to prohibit working under the sun from 12pm to 3 pm starting June 15
The ban applies to private sector establishments and aims to protect workers from heat risks during the hottest hours
Banking & Finance
Saudi finance companies sector reports 13 percent growth in total assets, reaching $17.1 billion in 2023
The paid-up share capital for the finance companies sector increased by 6 percent to reach $4.13 billion
Miscellaneous
UAE launches Phase 2 of ’Work Bundle’, simplifies work with digital platform, cutting 25 million steps, 2 million visits, 62 million working days
The platform reduces procedures from 20-30 days to 5 days
Qatar
Qatar’s real estate trading volume reaches $346.41 million in May 2024
Data revealed that 322 real estate transactions were recorded during the month
Markets
Oil prices dip ahead of key Fed meeting, U.S. inflation data release
Brent crude futures fell 11 cents, or 0.13 percent, to $81.52 per barrel
Economy
UAE’s ADGM, Bermuda Monetary Authority sign MoU to boost collaboration on digital asset regulation and supervision
The framework also encompasses investigative assistance, and capacity enhancement initiatives
Banking & Finance
Sharjah rises to 4th in GCC region, 7th in MENA in 2024 Global Startup Ecosystem Rankings
Sharjah also featured in the Top 15 rankings for both the Knowledge and Performance categories
Economy
Kuwait’s robust financial assets, projected at 418 percent of GDP, underpin ‘A+’ sovereign rating, stable outlook: Report
The report highlighted the ongoing structural and financial reforms in the country
Markets
Oil prices stabilize as traders await OPEC meeting, Fed cues
Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel
Economy
The rise of the digital economy: Banks as architects of GCC’s financial future
Open banking and digital payments among technologies that drive transformation in the finance industry
MENA
Green finance is funding sustainable progress in MENA
Sale of green social, sustainable, and sustainability-linked bonds hit $24 billion in 2023
Interviews
Fintech’s future is in the palm of users’ hands — literally
How Astra Tech’s Palm Pay is revolutionizing contactless payment
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