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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
Oil prices modestly recover amid unexpected U.S. inventory draw, Middle East tensions
Brent crude futures for December delivery increased by 0.6 percent to $74.67 per barrel
Hospitality & Tourism
Abu Dhabi to become world’s second Sphere location after Las Vegas
Las Vegas Sphere welcomed more than 24 million visitors in 2023
Markets
UAE, global gold prices up as investors await U.S. retail sales data
U.S. dollar index and Treasury yields dipped, making bullion more attractive to other currency holders
Economy
Oil prices recover modestly amid Middle East stability concerns, weak demand
Brent crude futures for December delivery rose zero point four percent to $74.55 per barrel
Markets
UAE, global gold prices down on stronger U.S. dollar
Traders are currently pricing an 88.2 percent chance of a 25-basis-point cut in November
Economy
Oil prices decline as demand forecast weakens, supply concerns subside
Brent crude futures fell by $2.27 to $75.19 per barrel
Markets
UAE, global gold prices rise as investors seek additional U.S. rate cut hints
Despite the rise in gold prices, the U.S. dollar's recent ascent and rate-cut expectations have limited gains
Economy
Oil prices fall on weak Chinese data and Middle East instability
Brent oil futures for December delivery dropped by 1.8 percent, settling at $77.65 per barrel
Hospitality & Tourism
Etihad Airways boosts flights to Jaipur to 10 a week on surging demand
Etihad will operate the Jaipur flights using aircraft from the Airbus A320 family
Economy
Oil prices dip amid strong U.S. inflation data, yet remain on track for weekly gains due to Middle East tensions
Brent crude futures for December delivery dropped 0.5 percent to $78.98 a barrel
Markets
UAE, global gold prices rise as U.S. inflation data supports November rate cut
Market focus now shifts to U.S. Producer Price Index (PPI) report due today
Banking & Finance
Outstanding global sukuk up 8.5 percent to $900 billion in Q3 2024, says Fitch
Fitch expects rates to reach 4.5 percent at the end of 2024 and 3.5 percent at the end of 2025, boosting Q4 and 2025's issuance activity
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