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Economy Middle East Summit
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United States
Markets
Oil prices slide as U.S. inventories surge, demand weakens
Brent crude oil futures dropped by 30 cents or 0.36 percent, settling at $82.86 per barrel
Markets
UAE gold prices inch upwards as global rates decline on geopolitical uncertainty
Gold prices have established a support base around the $2,280 mark over the past week
Markets
Oil prices up amidst global tensions, concerns about sluggish demand and reduced supplies
Brent oil futures expiring in July had risen by 0.5 percent to reach $83.73 per barrel
Economy
Egypt’s foreign currency reserves to surge by $16.2 billion in FY24/25: Report
The report forecasts a growth rate of 4.30 percent for the Egyptian economy in 2025/2026
Sustainability
UN body adopts human rights protections for carbon market mechanism
The move seeks to empower vulnerable communities and individuals
Markets
UAE gold prices up as global rates rise despite strong dollar
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
Markets
Oil prices inch up as Saudi Arabia increases June crude prices
Brent crude futures rose by 28 cents, or 0.3 percent, reaching $83.24 per barrel
Technology
Microsoft to commit $2.2 billion investment for cloud, AI services in Malaysia
The move will strengthen Malaysia's global AI development support
Markets
Oil prices edge up on prospects of OPEC+ maintaining output cuts
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Markets
UAE gold prices rise as global rates inch up ahead of key U.S. payroll data
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
Markets
Oil prices rally as U.S. crude inventories surge, Fed maintains interest rate
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
Markets
UAE gold prices rise, global rates slip as Fed keeps rates unchanged
Powell's assurance that further rate hikes were off the table will help bullion
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