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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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United States
Energy
Oil prices dip to $70.25 on oversupply fears after Russia-Ukraine truce
Investors are cautious ahead of the Fed meeting, expecting rates to remain unchanged
Economy
Global GDP growth to slow from 3.2 percent in 2024 to 3.0 percent by 2026: OECD
OECD warned that increased trade restrictions will hurt global economic performance and raise inflationary pressures
Markets
U.S. Bitcoin ETFs record $5.4 billion in outflows in five weeks
Bitcoin has dropped 21 percent over the last three months
Miscellaneous
SpaceX Dragon capsule safely returns NASA crew after record-breaking mission
The seven-day mission extended due to issues, including a delayed Boeing test flight
Logistics
UAE-U.S. merchandise trade grows 9.47 percent to $34.43 billion in 2024
UAE investments in the U.S. reached approximately $3.7 billion between 2018 and 2023
Markets
UAE gold prices surge AED2.25, global rates climb over $3,000 on tariff fears
Increased geopolitical tensions in the Middle East heightened the demand for safe havens
Energy
Oil prices climb to $71.32 amid Mideast tensions, China’s stimulus
West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel
Logistics
Dubai Chamber of Commerce welcomes 29,000 companies in trading, services in 2024
23,204 new companies launched in real estate and services, marking 8.4 percent annual growth
Logistics
Trump says ‘no intention’ to alleviate steel, aluminum tariffs
The U.S. President said reciprocal duties on U.S. trading partners would be implemented alongside auto tariffs
Energy
Oil prices rise to $71.73 on Red Sea tensions, China’s new plan
West Texas Intermediate (WTI) crude futures jumped 1.8 percent to $68.09 per barrel
Energy
Oil prices rise to $70.35 as Ukraine ceasefire deal prospects diminish
Expectations of lower Russian oil supply in the near term provided some support to oil prices
Markets
UAE gold prices climb AED1, global rates surpass $3,000 for the first time
Bullion is on track for a second consecutive weekly increase, rising 2.5 percent so far this week
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