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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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economy
Real Estate
Dubai Land Department launches ‘Tayseer’ initiative to ease payment of currently overdue service fees
Unit owners can settle outstanding service fees with flexible six-month payment plans through management companies
Banking & Finance
ADNOC Gas shareholders approve record $3.41 billion dividend for 2024
Company's dividend was the highest of any issuer on ADX in 2024
Banking & Finance
Fitch affirms RAKBANK’s BBB+ long-term issuer default rating with stable outlook
The bank's asset quality improved with declining non-performing loans and strong loan-loss coverage ratios
Economy
UAE, Egypt presidents discuss strengthening ties through developmental and economic collaboration
President El-Sisi held Ramadan Iftar banquet in honor of the UAE president
Markets
UAE gold prices down AED1.75, global rates rise on Fed optimism
Spot gold was up 0.1 percent at $3,025.12 an ounce
Energy
Oil prices slip to $71.88 amid Trump tariffs, Russia-Ukraine talks
West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel
Economy
Moody’s affirms UAE’s Aa2 rating citing strong economic diversification momentum
The UAE's rating takes into account the strong support from the government of Abu Dhabi, said the agency
Economy
Saudi Arabia’s quality of life program to transform Makkah into a global model for cities
In 2023, the program contributed SAR1.5 billion to Saudi Arabia's GDP
Economy
Qatar’s economy grows 2.4 percent in 2024 to $195.72 billion
In 2024, Qatar's non-oil activities accounted for nearly 64 percent of total GDP
Banking & Finance
Egyptian banks report record profits of $10.6 billion in 2024
The net return for banks rose to EGP915 billion in 2024, up from EGP582.5 billion
Economy
Bank of England: Pound falls as interest rates remain unchanged amid global trade concerns
Yields on British gilts slip slightly, with 10-year yield recorded over four basis points lower
Logistics
DP World launches deep-water port project in Congo
This collaboration marks a key milestone in the Banana Port project, transforming trade and boosting DRC’s economy
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