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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Oil
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
Economy
Kuwait’s GDP falls 4.4 percent in Q4 2023 on oil sector contraction: Report
Kuwait maintained crude oil production at 2.55 million barrels per day in line with its OPEC+ production cut obligations
Markets
Oil prices rise on softer U.S. inflation, summer demand hopes
Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel
Markets
Oil prices rise on weaker dollar, tighter supply bets ahead of CPI data
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
Energy
Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project
His Highness met with heads of global energy companies to discuss the future of the sector
Economy
Egypt approves $200 million in energy projects with foreign, national companies
Agreements include a deal to search for and exploit gas and crude oil in the North Port Fouad offshore area in the Mediterranean
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