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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
What triggered the sharpest dollar drop in 2025?
The dollar's value dropped over 10 percent, marking its worst start since 1973
Energy
Crude oil prices fall 0.1 percent to $70.08 from two-week highs as tariff updates loom
Trump’s tariff delay offers hope to major trade partners while confusing smaller exporters like South Africa
Banking & Finance
GCC countries drive foreign currency sukuk growth amid global issuance decline in H1 2025: S&P
Global sukuk issuance plummeted nearly 15 percent during this period
Energy
Crude oil prices retreat over 0.3 percent to $69.25 as U.S. tariffs, OPEC+ output weigh
U.S. President Trump informed trade partners that higher tariffs would commence on August 1
Markets
Dubai 24-carat gold price today drops to AED399 , global rates fluctuate as trade deals loom
Gold prices hovered around $3,330 on Tuesday due to a stronger U.S. Dollar affecting demand
Real Estate
Saudi Arabia’s construction output hits $148 billion in 2024, forecasted to reach $191 billion by 2029
Vision 2030 drives $215.4 billion in construction contracts across the Kingdom
Logistics
Dubai RTA, Pony.ai kick off autonomous vehicle trials, eyeing 2026 driverless launch
Pony.ai’s seventh generation vehicles feature advanced AI and sensors for enhanced navigation safety.
Economy
BRICS: Abu Dhabi Crown Prince, President of Brazil discuss further strengthening bilateral relations
Sheikh Khaled reaffirmed UAE's commitment to dialogue, economic integration for global stability
Energy
Crude oil prices fall 0.35 percent to $68 as OPEC+ surprises markets with 548,000 bpd output hike
Saudi Arabia raised August prices for Arab Light crude to a four-month high for Asia
Markets
Dubai 24-carat gold price today falls to AED402.25 as Trump signals trade agreement progress
Spot gold dropped more than 0.5 percent to above $3,311 per ounce
Economy
Trump’s tariff delay sparks market reactions, hints at trade clarity: Saxo Bank
A 90-day delay on tariffs provides time for negotiations, aiming for clarity in trade deals
Economy
Abu Dhabi’s GDP grows 3.4 percent to $79.2 billion in Q1 2025, driven by 56.2 percent from non-oil sector
Manufacturing sector led non-oil economy with over $7.75 billion value added during the quarter
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