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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Oil
Industry
Qatar’s industrial production index reaches 100.2 points in March 2024, increasing by 4.7 percent
Data showed a 4.8 percent increase in the mining sector compared to February 2024
Banking & Finance
Qatar announces $549.2 million budget surplus for Q1 2024
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
Energy
UAE’s ADNOC Drilling secures $1.69 billion contract to develop 144 unconventional wells
To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries
Markets
Oil prices edge higher ahead of Fed cues, improving demand
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
Economy
Moody’s affirms Kuwait A1 rating, stable outlook
Solid budget and financial buffers, but reforms needed to reduce oil dependence
Markets
Oil prices steady, on track for modest weekly gains as demand outlook brightens
Brent crude futures for July delivery edged up 0.1 percent to $83.33 per barrel
Energy
UAE’s ADNOC to begin operations at Ras Al Sadr gas field in Abu Dhabi
The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day
Markets
Oil prices rise amid weaker dollar, tighter supply expectations
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
Energy
UAE’s non-oil sectors maintain strong growth with government support, solid demand: Report
Abu Dhabi’s non-oil GDP grew by 10.4 percent YoY in Q4 2023
Markets
Oil prices rise amid drop in U.S. inventories, inflation concerns
Brent oil futures expiring in July rose 0.4 percent to $82.70 a barrel
Energy
Oil demand to increase by 2.25 million barrels a day in 2024: OPEC+
OPEC projects demand for crude to reach 43.2 million barrels per day in 2024
Markets
Oil prices surge as China’s fiscal stimulus, Canadian wildfires threaten supply
Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel
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