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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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United States
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
Banking & Finance
Abu Dhabi National Oil Company (ADNOC) raises $1.5 billion through 10-year sukuk issuance
Sukuk issuance priced at 60 basis points over U.S. Treasuries attracted robust investor interest
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
Banking & Finance
Mubadala to invest $1 billion in U.S.-based Fortress Investment Group
Mubadala, through its asset management subsidiary Mubadala Capital, holds a significant stake in Fortress
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
Miscellaneous
AI personalization or invasion? ChatGPT’s name calling raises eyebrows
Many users felt uneasy as ChatGPT began to address them by name, questioning AI ethics
Miscellaneous
Hussain Sajwani engages in strategic dialogue with Trump, Musk at White House
The billionaire described meeting Trump as valuable moment of dialogue
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