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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 drop to $68.77, nearing three-year low on tariff fears
West Texas Intermediate crude futures fell by 0.8 percent to $65.15 a barrel
Banking & Finance
Expand North Star 2025 global promotional campaign kicks off in U.S.
As part of the campaign, a startup pitch competition featured 20 innovative companies
Energy
Oil prices fall to $70.10 on weak Chinese inflation, Trump tariffs
West Texas Intermediate crude futures saw a similar decline of 0.4 percent to $66.48 a barrel
Technology
Bitcoin sinks as Trump’s strategic reserve disappoints markets
Bitcoin dropped 6 percent after Trump's directive on Friday, lacking intentions for government Bitcoin purchases
Markets
UAE gold prices up AED0.75, global rates gain amid Trump tariff uncertainty
Trump signed orders expanding tariff exemptions for goods from Canada and Mexico this week
Energy
Oil prices fall to $69.60, near annual lows amid tariff concerns
Attention turns to February's nonfarm payrolls data for insights on the U.S. economy
Miscellaneous
SpaceX’s Starship explodes in space
Contact was lost minutes into the test flight as the spacecraft spiraled down and disintegrated
Hospitality & Tourism
Saudi Air Connectivity Program introduces direct flights from Stuttgart to Jeddah
This initiative aims to boost capacity for travelers from Europe and the United States to Saudi Arabia
Economy
Oman’s inflation rate averaged 1.4 percent between 2021 and 2024
The average GDP growth rate at constant prices was 3.9 percent from 2021 to 2023
Markets
UAE gold prices up AED0.25, global rates rise on dollar weakness
Investors await U.S. nonfarm payrolls data Friday to assess Fed's interest rate strategy
Energy
Oil prices rebound after dropping below $70 amid trade, supply concerns
Traders are concerned about U.S. tariffs and rising oil supplies from OPEC+ production increases
Economy
China, Canada strike back at Trump’s tariffs: Is Mexico next?
If the tariffs stay in place, Mexico plans to announce countermeasures, including retaliatory tariffs, on Sunday
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