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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Oil and gas
Economy
Saudi Arabia reports 2.7 percent GDP growth in Q1 2025 driven by non-oil sector
Non-oil activities rose by 4.2 percent
Bahrain
GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Energy
UAE petrol and diesel prices for May 2025: Full list by fuel type
After a price increase in February, petrol rates saw a slight decrease in March and April
Energy
ENOC Group achieves major sustainability, retail, and talent development goals in 2024
ENOC Group employs a multinational workforce of over 12,500 employees
Energy
Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise
Trump's tariffs have raised fears of a potential recession in the global economy this yearÂ
Energy
Crude oil prices drop to $65.41 amid investor concerns surrounding U.S.-China trade relations
U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week
Banking & Finance
Abu Dhabi National Oil Company (ADNOC) raises $1.5 billion through 10-year sukuk issuance
Sukuk issuance priced at 60 basis points over U.S. Treasuries attracted robust investor interest
Energy
Crude oil prices climb above $67 on U.S.-China trade uncertainty, OPEC+ output hike bets
U.S. WTI crude gained 41 cents, reaching $63.43
Energy
Jordan’s new Watani company to optimize natural gas resources, lower energy costs
New company will supply gas to Amman and Zarqa, lowering costs in key sectors.
Energy
U.S. crude oil stockpiles surge by 244,000 barrels, gasoline inventories plummet by 4.5 million: EIAÂ
U.S. crude imports surged 1.14 million barrels daily, the highest increase since late 2024Â
Energy
Oil prices climb to $67.99 on declining U.S. crude stocks, trade optimism
U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data
Banking & Finance
ADNOC Group endorses $6.7 billion in dividend payments for 2024
Reinforcing commitment to shareholder value
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