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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Middle East
Markets
UAE gold prices inch upwards as global rates decline on geopolitical uncertainty
Gold prices have established a support base around the $2,280 mark over the past week
Markets
Oil prices up amidst global tensions, concerns about sluggish demand and reduced supplies
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
Markets
Oil prices inch up as Saudi Arabia increases June crude prices
Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel
Energy
Iraq’s first solar power plant moves forward
To provide clean electricity enough to power 350,000 homes
Hospitality & Tourism
IHG thrives in the Middle East’s booming travel and tourism market
Leading hospitality brand to open 70 hotels in the region in the next few years
Hospitality & Tourism
Hilton accelerates growth in the Middle East
New openings to bolster its position as a leading hospitality brand in the region
Hospitality & Tourism
Four Seasons’ people and culture of service are drivers of hospitality group’s success
Innovative offers – from jet to yacht experience – continue to excite guests from around the world
Hospitality & Tourism
Miral: Championing Abu Dhabi’s tourism aspirations with group CEO Mohamed Al Zaabi
The company is behind the innovative and immersive experiences on Yas and Saadiyat Islands
Hospitality & Tourism
The Middle East: Rise of a tourism powerhouse
Middle Eastern destinations, including Dubai, Abu Dhabi, and emerging hotspots like Riyadh and Ras Al Khaimah, saw significant tourist inflows in 2023
Egypt
China’s Xinxing Ductile to invest $400 million in Egypt within 5 years
In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory
Markets
Oil prices edge up on prospects of OPEC+ maintaining output cuts
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Markets
UAE gold prices rise as global rates inch up ahead of key U.S. payroll data
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
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