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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
UAE and U.S. discuss pathways for bilateral cooperation in economy, technology and AI sectors
Discussions included promoting peace and coexistence with regional and international partners
Economy
IMF lauds Central Bank of Oman for strong governance practices
IMF's report emphasizes monetary policy transparency and effective communication with stakeholders
Energy
Crude oil prices dip yet stay above $66.75 as OPEC+ plans production increase
OPEC+ plans to increase oil production by 411,000 barrels per day starting in July
Markets
Dubai 24-carat gold price today drops to AED398.5 amid U.S.-China trade uncertainty
U.S. and Chinese officials agreed on a framework for their trade truce but uncertainty lingers
Economy
GCC economic growth to strengthen to 3.2 percent in 2025, 4.5 percent in 2026: World Bank
The UAE's growth is projected at 4.6 percent in 2025, and 4.9 percent in 2026 and 2027
Economy
World Bank cuts global growth forecast to 2.3 percent for 2025 on increased trade tensions
Global trade is expected to grow by 1.8 percent in 2025, down from 3.4 percent in 2024
Industry
Saudi Arabia sees 3.1 percent increase in industrial production index for April 2025
Mining and quarrying sub-index grew by 0.2 percent while manufacturing surged by 7.4 percentÂ
Banking & Finance
Qatar’s Islamic finance assets grow 4.1 percent YoY to $187.6 billion in 2024
Islamic banks accounted for 87.4 percent of total Islamic finance assetsÂ
Economy
ADGM FSRA implements amendments to digital asset regulatory framework
This implementation follows extensive industry engagement and feedback on Consultation Paper No. 11 of 2024
Banking & Finance
Syria to boost foreign direct investment by resuming SWIFT services soon
Resuming SWIFT operations is expected to reduce informal trade channels in Syria’s economyÂ
Energy
Crude oil prices climb above $67.2 as U.S.-China trade talks show promise
U.S. President Trump reported positive updates from London, enhancing hopes for a trade deal
Markets
Dubai 24-carat gold price today declines amid ongoing U.S.-China trade negotiations
High-level U.S.-China trade talks covering tariffs and rare earth restrictions are extending into a second day
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