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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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economy
Saudi Arabia
IMF recognizes Saudi Arabia’s leadership in data centers, commends personal data protection law
IMF praised Kingdom for establishing SDAIA and launching the National Strategy for Data and AI
Saudi Arabia
Rapid expansion of Saudi space economy to reach $31.6 billion by 2035: Report
The Kingdom’s space market is anticipated to reach $5.6 billion by 2035
Logistics
Trump to announce tariffs on imported semiconductors following smartphones exemption
Technology products from China would face separate new tariffs along with semiconductors in the next two months, said Lutnick
Miscellaneous
Middle East sports market poised for 8.7 percent growth, outpacing global average
85 percent of sports executives expect double-digit growth in women’s sports revenues over the next 3 to 5 years
Energy
Oil prices drop to $64.47 as U.S.-China trade war affects global growth outlook
Goldman Sachs expected oil prices to decline through 2026
Markets
Dubai gold prices up AED3.25, global rates retreat post tariff exemptions
Goldman Sachs hiked 2025 gold price target to $3,700/oz
Banking & Finance
Saudi Arabia’s liquidity hits historic high, exceeds $800 billion in February 2025
Demand deposits constituted the largest share, accounting for 48.5 percent or SAR1.47 trillion
Markets
Stocks sink, dollar falls as tariff-induced recession fears shake investor confidence
Nvidia declined 5.91 percent, Apple fell 4.24 percent to $190.42, and Microsoft dipped 2.34 percent to $381.35
Energy
Oil prices dip to $63 per barrel as U.S.-China trade war raises demand concerns
Brent is set to fall 4 percent this week, while WTI is set to decline 3.8 percent
Hospitality & Tourism
Saudi Arabia sees 89 percent growth in tourist hospitality facilities in 2024
Makkah leads Saudi tourism surge with 1,030 new hospitality licenses
Economy
U.S. inflation slows sharply in March marking first monthly drop since May 2020
Prices fell by 0.1 percent compared to the previous month
Logistics
Sheikh Hamdan inaugurates DP World’s Nhava Sheva Business Park in India
His Highness: The UAE and India share a long-standing and deep-rooted economic partnership
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