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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Energy
Oil prices rise to $65 on U.S. tariff exemptions, China crude demand
Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions
Markets
Dubai gold prices up AED0.5, global rates firm amid U.S. tariff uncertainty
In Dubai, gold rates achieved remarkable gains, with 24-carat gold rising by AED0.5 to AED389
Industry
Global semiconductor revenue hits $655.9 billion in 2024, up 21 percent YoY
NVIDIA ascended to the No. 1 position, surpassing Samsung Electronics and Intel for the first time
Energy
Oil prices drop to $64.47 as U.S.-China trade war affects global growth outlook
Goldman Sachs expected oil prices to decline through 2026
Markets
Dubai gold prices up AED3.25, global rates retreat post tariff exemptions
Goldman Sachs hiked 2025 gold price target to $3,700/oz
Economy
China consumer prices continue downward trend decline amid intensifying trade war
Country faces economic challenges as consumer prices fall for second month
Economy
EU pauses countermeasures against U.S. tariffs
26 EU member states voted to impose countermeasures just before Trump announced a 90-day pause
Logistics
WTO warns U.S.-China trade tensions could slash global trade by 80 percent, risking 7 percent GDP drop
The preliminary estimate came as Trump raised tariffs on China but paused others for 90 days
Miscellaneous
Microsoft surpasses Apple as most valuable company amid trade war concerns
On Tuesday, Apple shares fell to an 11-month low during aftermarket trading
Economy
UAE strengthens trade with Congo, offers 99.5 percent tariff exemptions: Al Zeyoudi
Congo’s key sectors set to thrive under the new Comprehensive Economic Partnership Agreement
Economy
UAE, Congo sign CEPA to elevate bilateral non-oil trade to $7.2 billion by 2032
Agreement will usher in a new era of collaboration in various economic sectors
Logistics
Canada implements 25 percent counter-tariffs on U.S. vehicles
Canada is the largest U.S. car export market, with 8 percent non-compliant vehicles estimated
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