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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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economy
Banking & Finance
Abu Dhabi’s EMSTEEL delivers $599 million in revenue for Q1 2025
Profit before tax was $25.6 million, with net profit after tax amounting to $23.4 million
Saudi Arabia
HUMAIN, AWS unveil $5 billion AI Zone in Saudi Arabia to accelerate global AI leadership
The new AI Zone aligns with Saudi Arabia’s Vision 2030 and economic transformation goals
Economy
Trump celebrates historic ties with Saudi Arabia in Diriyah following $600 billion investment announcement
Saudi-U.S. relations deepened as Trump secured $600 billion investment commitment to the Kingdom
Economy
Abu Dhabi’s Crown Prince Sheikh Khaled arrives in Riyadh to attend GCC-U.S. Summit
Summit seeks to enhance security and economic cooperation
Energy
Crude oil prices dip to $66.24, near two-week highs amid U.S.-China tariff optimism
Expectations of a significant increase in U.S. oil inventories tempered optimism in the market for now
Markets
Dubai gold price today falls AED3.25 amid easing trade tensions
Positive developments in U.S. trade policy are diminishing the appeal of gold in the short-term
Economy
Saudi-U.S. Investment Forum: Aljadaan, Bessent discuss strengthening economic ties
Bilateral trade reached nearly $32 billion in 2024 and included prominent sectors such as machinery, vehicles and pharmaceuticals
Economy
Goldman Sachs cuts U.S. recession forecast to 35 percent, raises 2025 GDP growth to 1 percent
The revision follows a landmark agreement between the U.S. and China will lower tariffs for 90 days
Economy
Trump’s visit strengthens Saudi Arabia’s position as global hub for digital economy, innovation and space, says Alswaha
Alswaha said the Kingdom’s signing of the Artemis Accords underscores its commitment to the future $2 trillion global space economy
Banking & Finance
Dubai Salik reports $204.6 million revenue surge in Q1 2025, marking 33.7 percent growth
Salik’s total chargeable trips reached 158.0 million, fueled by variable pricing and new gates
Real Estate
Dubai real estate: Emaar Properties posts $2.74 billion in Q1 2025 revenue, a 50 percent increase YoY
The company reported a net profit before tax of $753 million, up 49 percent
Economy
Shurooq’s $1.96 billion investments fuel 52 projects in 15 years of development in Sharjah
Key initiatives include AED5 billion in real estate and AED850 million in hospitality projects
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