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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Tax
Energy
Crude oil prices drop to $64.83 amid supply concerns, U.S.-China trade deal
U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.
Markets
Dubai gold prices rise AED6.25, global rates hover near over one-week low
U.S. and China announced tariff reductions, boosting global shares and altering market dynamics
Economy
U.S. and China ease trade tensions with 90-day deal, tariffs cut by over 100 percent
Tariff news boosted dollar and markets, alleviating economic downturn concerns
Banking & Finance
UAE FTA offers relief from penalties for late corporate tax registration
Late submission of tax registration applications now eligible for penalty waivers within specified deadlines
Banking & Finance
China slashes interest rates, injects $138 billion liquidity to counter U.S. trade tensions
U.S. and Chinese officials prepare for crucial talks in Switzerland to ease trade tensions
Miscellaneous
Trump introduces 100 percent tariff on foreign films: “We want movies made in America again”
Uncertainty remains on how tariffs will affect streaming services and box office revenues
Banking & Finance
BNY Mellon secures regional headquarters license in Saudi Arabia
New RHQ will enhance operations and services across the Middle East
Miscellaneous
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
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