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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
Energy
Dubai’s Dragon Oil launches AI project to develop Egypt’s Morgan and Badri oil fields
The AI project is a significant step towards digital transformation and innovation in Egypt's oil and gas industry
Markets
Oil prices rebound after recent losses as industry data shows inventory drop, but surplus looms in 2025
Brent oil futures for September delivery rose 0.5 percent to $81.40 per barrel
Markets
Oil prices fall to 1.5-month low amid weak outlook and surplus concerns
Brent oil futures expiring in September fell 0.2 percent to $82.26 a barrel
Markets
Oil prices retreat amid doubts about China’s demand outlook, signaling weekly losses
Brent oil futures for September delivery shed 0.5 percent to $84.73 per barrel
Markets
Oil prices rise amid declining U.S. crude inventories, Fed rate cut expectations
Brent futures, the global oil benchmark, rose 32 cents, or 0.4 percent, to $85.40 per barrel
Economy
Oman’s GDP expands 1.7 percent in Q1 2024, reaching $24.77 billion
Crude petroleum activities declined by 3.3 percent, recording OMR2.55 billion
Markets
Oil prices stabilize amid declining U.S. reserves, slower China demand
Brent crude oil futures were down by 4 cents to $83.69 per barrel
Miscellaneous
ADNOC, Mubadala collaborate to cultivate Emirati talent for UAE’s sustainable future
The move aims to develop Emirati talent for crucial sectors through advanced training
Markets
Oil prices dip amidst Chinese economic slowdown, anticipation of Fed interest rate cuts
Brent crude futures fell 21 cents, or 0.25 percent, to $84.64 per barrel
Energy
Kuwait announces massive oil and gas discovery estimated at 3.2 billion barrels
This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources
Energy
ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach
The contracts were awarded to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates
Markets
Oil prices steady amid strengthening dollar, concerns over weakening demand in China
Brent oil futures for September delivery recorded $85.10 per barrel
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