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Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
U.S. crude production escalates to 13.15 million barrels per day in February
Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
These projects showcase UAE's commitment to energy sustainability, reducing fossil fuel reliance
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
According to experts, the Kingdom is the region's fastest-growing IT market
Russia sees the UAE market as a promising hub for conducting trade with Middle Eastern and African countries
EIA reported an unexpected U.S. crude drop of 6.4 million barrels, surpassing expectations of an 825,000-barrel increase
The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec
