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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Tesla stands behind Musk as CEO despite speculation of leadership change
The Board emphasizes confidence in Musk's ability to execute the company's growth plans
Bahrain
GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Energy
Oil prices fall to $62.50 as trade war weighs on demand, supply concerns rise
Trump's tariffs have raised fears of a potential recession in the global economy this year
Markets
Dubai gold prices drop AED0.75, global rates steady ahead of key U.S. economic data
U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns
Energy
Crude oil prices drop to $65.41 amid investor concerns surrounding U.S.-China trade relations
U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week
Markets
Dubai gold prices up AED5, global rates hold above $3,300
Investors will watch key U.S. economic reports this week, including job openings and payroll data
Energy
Crude oil prices climb above $67 on U.S.-China trade uncertainty, OPEC+ output hike bets
U.S. WTI crude gained 41 cents, reaching $63.43
Markets
Dubai gold prices fall AED2.5, global rates hit $3,289 amid easing U.S.-China trade tensions
The dollar rose 0.2 percent, making gold bullion pricier for international buyers
Logistics
China eases tariffs on selected U.S. goods to mitigate economic strain
Exemptions follow conciliatory statements from Washington amid rising fears of global recession
Markets
Dubai gold prices reach all-time highs as cultural festivals boost demand
Despite a 13 percent drop in gold jewellery demand, bullion interest remains strong in the country
Banking & Finance
U.S. signals possible 25 percent increase in tariff on Canadian imported vehicles
Canada is a key auto exporter to the U.S. with integrated supply chains under USMCA
Energy
U.S. crude oil stockpiles surge by 244,000 barrels, gasoline inventories plummet by 4.5 million: EIA
U.S. crude imports surged 1.14 million barrels daily, the highest increase since late 2024
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