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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Technology
Google’s new AI Mode offers innovative search capabilities to rival ChatGPT and Meta
The new AI Mode delivers a conversational interface for dynamic exchanges and user engagement
Energy
Crude oil prices rise to $62.53 as China evaluates U.S. trade proposal
The United States has approached China to seek talks over Trump's 145 percent tariffs, and Beijing's door was open for discussions
Markets
Dubai gold prices gain AED4, global rates mark steepest weekly fall since February
The easing of trade tensions between the U.S. and China amid hopes for a deal is weighing on gold prices
Banking & Finance
BNY Mellon secures regional headquarters license in Saudi Arabia
New RHQ will enhance operations and services across the Middle East
Economy
IMF cuts MENA 2025 growth forecast to 2.6 percent as global policy uncertainty looms
GCC economies are expected to grow 3 percent in 2025 and 4.1 percent in 2026
Markets
Meta stock surges following strong Q1 2025 earnings report
Meta generated 42.31 billion percent in revenue and EPS of 6.43 percent, surpassing expectations
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
Industry
U.S.-Ukraine mineral deal signed between U.S. and Ukraine
The agreement allows Washington to access rare earth minerals in exchange for investment funds
Energy
Crude oil prices fall to $63.12 amid prospects of stronger supply from OPEC+
Last month, Brent and WTI marked their biggest percentage drops since November 2021
Markets
Dubai gold prices fall AED7, global rates slip as trade tensions ease
U.S. President Donald Trump said he has "potential" trade deals with India, South Korea and Japan
Markets
Gold demand grows in Q1 2025 amid record high prices, gold ETF revival
Gold investment demand in the Middle East remained resilient amid continued geopolitical uncertainty
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
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