Skip to main content Skip to footer ![Oil prices decline to $80.77 from four-month high amid U.S. sanctions on Russian exports](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Oil-prices-1-1.jpg/w=1024,h=683)
Crude oil WTI futures for March also fell by 0.3 percent, reaching $77.12 per barrel
![Saudi Ports Authority drives growth in 2024, strengthens Kingdom’s position as global logistics hub](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Mawani-Saudi-1-1.jpg/w=1024,h=683)
In 2024, Saudi Arabia rose to 15th in global container handling, according to Lloyd’s List
![UAE tech industry poised for record growth in 2025 with $3.8 billion revenue increase](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/UAE-tech-industry.jpg/w=1024,h=682)
The tech sector will expand in AI, cloud computing, and emerging technologies like blockchain and IoT
![IMF forecasts steady global economic growth, continuing disinflation in 2025](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/IMF-global-economic-growth.jpg/w=1024,h=682)
Georgieva noted that the U.S. economy is performing "quite a bit better" than anticipated
![UAE Creators HQ launches with vision to empower 10,000 content creators](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/UAE-Creators-HQs.jpg/w=1024,h=683)
This initiative aims to unite global content creators and industry leaders, making the UAE a top digital media destination
![Global economic growth to remain at 2.8 percent in 2025, says UN](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/economic-growth-2025.jpg/w=1024,h=683)
Western Asia's economy is set to strengthen to 3.5 percent in 2025, driven by improved prospects in Saudi Arabia and Türkiye
![Oil prices surge to $81.22 due to potential supply disruptions, cold weather](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Oil-prices.jpg/w=1024,h=684)
Crude oil WTI Futures expiring in March increased by 1.7 percent, hitting $77.06 a barrel
![UAE, Brazil formalize mineral exploration MoU for energy and mining collaboration](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Sheikh-Khaled-Brazil-1.jpeg/w=1024,h=596)
The UAE is Brazil's second-largest Middle Eastern trade partner, with $2.64 billion in non-oil trade in early 2024
![Oil prices rise by 0.4 percent driven by increased heating fuel demand, cold weather across U.S.](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/08/Oil-prices-14.jpg/w=1024,h=682)
Brent oil futures set to expire in March climbed by 0.4 percent to reach $77.22 per barrel
![Kuwait launches new international telecom portal with 100 gigabit capacity](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/Kuwait-telecom-portal-1.jpg/w=1024,h=682)
The cable will be a trusted option for big companies and international service providers
![Ten startups selected for second edition of MIT DesignX Dubai Accelerator](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/startups-MIT-DesignX-Dubai-Accelerator.jpg/w=1024,h=682)
The program features a comprehensive curriculum crafted by MIT, which has proven successful in its first cohort
![PIF invests $200 million in first globally listed Saudi ETF](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2025/01/PIF-ETF-bond-fund.jpg/w=1024,h=683)
This move is anticipated to further enrich the Saudi market.