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Economy Middle East Summit
Search Economy Middle East
Middle East
Markets
Oil prices slide on stronger dollar, potential Middle East tensions alleviation
Declining gasoline supply in the U.S. indicates potential slowdown in crude demand
Technology
42 percent of UAE companies adopt AI in business operations: Study
Insights highlight impact of AI in driving efficiency and enhancing consumer experiences
Banking & Finance
EFG Hermes concludes advisory on Cenomi retail’s sale of a portfolio of fashion brands to Abdullah Al-Othaim Fashion
In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company
Markets
Oil prices hold near four-and-a-half month high on reduced exports, market caution
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
Technology
ADNEC to organize Bitcoin MENA Conference 2024: Uniting global industry leaders in Abu Dhabi
The event will discuss the potential, challenges, and innovations within the evolving Bitcoin ecosystem
Markets
Oil surges as U.S. inventory draw exceeds expectations, OPEC forecasts strong demand
Concerns over China's economic weakness continue to impact oil market
Markets
Oil prices slide as Chinese import data signals weakening demand
Mixed signals from U.S. jobs data impact prices
Markets
Gold prices set for largest weekly jump in 5 months
Federal Reserve signals drive gold to historic highs
Energy
LNG market disrupted by Red Sea crisis, prices fall sharply
Stability attributed to relatively mild winter, robust stockpiles
Banking & Finance
LEAP 2024: Takamol Holdings launches $53 million investment fund to empower tech startups
The initiative seeks to advance tech sectors in the Middle East and Africa
Saudi Arabia
LEAP 2024: SDAIA, PwC Middle East partner to create AI virtual laboratory and GenAI experiments center
The collaborative agreement seeks to advance cutting-edge AI research
Economy
Investor confidence high, UAE and Saudi Arabia set for gains this year: EFG Hermes official
Dependence on oil, high inflation rates and external debt are some challenges frontier and emerging markets in the MENA regions face
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