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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Energy
Crude oil prices surge to highest levels since January amid Strait of Hormuz closure concerns
Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted
Bahrain
Bahrain, Russia sign key customs agreement to boost trade ties
The initiative aims to streamline trade and promote border security between both countries
Hospitality & Tourism
UAE tourists drive surge in Moscow arrivals with 62,100 visitors in 2024
Tourism offerings in Moscow include halal restaurants and Arabic-speaking services for GCC visitors
Markets
Dubai 24-carat gold price today up AED3.25 amid heightened tariff concerns
Upcoming U.S.-China trade discussions could impact gold prices as tensions remain high
Energy
Oil prices climb to $65.64 as U.S. court blocks Trump’s “Liberation Day” tariffs
Oil prices climbed after a U.S. trade court ruled on Wednesday that Trump overstepped his authority by imposing global tariffs
Markets
Dubai 24-carat gold price today falls AED2.75 amid dollar strength
Spot gold down 0.4 percent at $3,215.31, reflecting market reactions to geopolitical news.
Economy
New Russia-North Korea bridge to boost trade and tourism, enhance economic ties
Finalized during Putin's 2024 visit, the bridge project aims to boost cross-border movement
Industry
U.S.-Ukraine mineral deal signed between U.S. and Ukraine
The agreement allows Washington to access rare earth minerals in exchange for investment funds
Energy
Oil prices rise to $66.98, set for weekly loss on higher global supply potential
Brent is on track for a 2 percent weekly fall while WTI crude is set to decline 2.9 percent for the week
Markets
Dubai gold prices hold above AED400, global rates on track for third weekly gain
Bullion has surged over $700 this year, setting multiple record highs and reaching $3,500.05 on Tuesday
Economy
Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit
The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985
Economy
Trump to visit Saudi Arabia, UAE and Qatar as White House confirms mid-May plans
Trump will address Ukraine and Gaza conflicts during his visit to Saudi Arabia, a key U.S. ally
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