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Economy Middle East Summit 2025
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Markets
UAE gold prices down, global rates ease on stronger dollar
Traders now see a 70 percent chance of a 25-basis-point rate cut and about a 30 percent chance of a bigger 50-basis-point reduction
Energy
Oil prices pause after recent surge amid Middle East tensions, Libyan shutdowns
Brent crude futures declined by 32 cents, or 0.39 percent, to settle at $81.11 per barrel
MENA
Six planets unite in the dawn hours on August 28 – All you need to know
The planets were seen aligned in Abu Dhabi in a 172-degree sky sector on August 23
Markets
UAE gold prices down, global rates dip as market awaits September U.S. rate cut
The dollar hovered near its lowest level in 13 months, making gold cheaper for other currency holders
Energy
Oil prices climb higher, boosted by geopolitical tensions and expectations of lower U.S. interest rates
Brent oil futures for October delivery advanced 0.8 percent to reach $79.59 per barrel
Markets
UAE gold prices decline, global rates set for weekly fall after slipping from record highs
Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
Energy
Oil prices flat, headed for bleak weekly performance amid demand concerns
Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel
Logistics
ITS World Congress: 20,000 gather in Dubai in September to explore latest advancements in smart mobility, transportation technology
The event will feature 800 speakers sharing their insights through 200 sessions
Markets
UAE gold prices inch down, global rates dip on stronger U.S. dollar, Fed rate cut outlook
U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase
Banking & Finance
Brands For Less sells 35 percent stake to TJX for $360 million
This transaction values BFL at $1.2 billion
Energy
Oil prices weaken on U.S. labor data, demand outlook uncertain
Brent oil futures fell 0.1 percent to $75.95 a barrel
Bahrain
Aluminum and iron ore drive Bahrain’s $894.31 million export surge in July 2024
China emerged as the leading import partner, contributing BHD73 million (16 percent) to Bahrain's import basket
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