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Economy Middle East Summit 2025
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economy
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
Banking & Finance
Dubai’s TECOM Group posts $185.1 million in revenues, up 21 percent YoY
Diverse asset portfolio and long-term strategy drive 23 percent YoY profit increase
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
Makkah sees 162 percent surge in tourist spending during Ramadan, says Visa
Madinah saw a 64 percent increase in visitor spend during Ramadan
Economy
Abu Dhabi’s economy to grow 4.2 percent in 2025, 5.8 percent in 2026: IMF
Dubai's economy is projected to expand by 3.3 percent in 2025, increasing to 3.5 percent in 2026
Energy
Crude oil prices rise to $62.53 as China evaluates U.S. trade proposal
The United States has approached China to seek talks over Trump's 145 percent tariffs, and Beijing's door was open for discussions
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
Economy
IMF cuts MENA 2025 growth forecast to 2.6 percent as global policy uncertainty looms
GCC economies are expected to grow 3 percent in 2025 and 4.1 percent in 2026
Energy
Crude oil prices fall to $63.12 amid prospects of stronger supply from OPEC+
Last month, Brent and WTI marked their biggest percentage drops since November 2021
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