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Oil
Economy
Saudi Arabia’s non-oil exports rise by 12.7 percent in October
National non-oil exports, excluding re-exports, saw a rise of 5.1 percent
Energy
Crude oil prices rise 0.2 percent on new China stimulus, U.S. inventory declines
Brent oil futures increased by 0.2 percent, reaching $73.71 a barrel
Banking & Finance
Sharjah approves $11.4 billion budget for 2025, largest in emirate’s history
The budget empowers agencies to fund initiatives, provide housing for citizens, and upgrade tourism infrastructure
Banking & Finance
CBUAE forecasts real GDP growth: 4 percent in 2024, rising to 5.5 percent by 2026
Non-oil GDP growth is projected to remain robust at 4.9 percent in 2024 and 5.0 percent in 2025
Energy
Crude oil prices edge up 0.4 percent amid supply concerns and demand focus
Brent oil futures for February rose by 0.4 percent to $72.91 a barrel
Energy
Oil prices rise 0.4 percent amid U.S. shutdown relief, positive inflation trends
Brent crude futures for February rose by 0.4 percent to $73.20 a barrel
Economy
Fitch upgrades Oman’s outlook to positive, affirms BB+ credit rating amid fiscal improvements
Oman’s budget is expected to have a 2 percent GDP surplus in 2024, dropping to 0.7 percent in 2025
Energy
Crude oil prices face weekly decline of over 2 percent amid Fed’s demand concerns
Brent oil futures set to expire in February slipped 0.5 percent to $72.49 a barrel
Energy
ADNOC Logistics & Services acquires 20 offshore assets in 2024
The company reported 51 percent revenue growth in integrated logistics for 2024
Energy
Crude oil prices fall 0.6 percent following Fed’s 0.25 basis point rate cut
Brent oil futures for February delivery decreased by 0.5 percent to $73.02 per barrel
Energy
Crude oil prices show little movement ahead of Fed meeting
Brent oil futures for February delivery held steady at $73.20 a barrel
Energy
Crude oil prices fall ahead of Fed meeting amid weak Chinese economic data
Brent Oil Futures decreased by 0.2 percent, settling at $73.81 per barrel
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