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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economics
Bahrain
How fiscal policy, increased public spending are shaping GCC economic resilience in 2025
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
Banking & Finance
Saudi Arabia closes June 2025 issuance of sukuk program at $627.8 million
The sukuk issuance was divided into five tranches, each with different maturities and sizes
Economy
UAE Central Bank boosts gold reserves by 19.3 percent to $7.46 billion in Q1 2025
Demand deposit balances surpassed AED1.147 trillion, up from AED1.109 trillion in December 2024
Energy
Crude oil prices surge over 1 percent to above $67 amid Middle East stability
Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows
Markets
Dubai 24-carat gold price today rises to AED403.5 as dollar weakens, global prices up 0.2 percent
Spot gold was up 0.2 percent at $3,328.89 per ounce after recent lows
Economy
Non-oil activities in Saudi Arabia surge by 5.3 percent in 2024, reports GASTAT
Non-oil growth indicates positive trends across various economic sectors in Saudi Arabia for 2024
Markets
Crude oil prices plunge 3 percent to $68.75 as tensions ease in the Middle East
Investors expect a return to normalcy in oil if the ceasefire terms are upheld
Markets
Dubai 24-carat gold price today dips to two-week low at AED404 amid easing geopolitical tensions
U.S. Fed Vice Chair Michelle Bowman stated the time for cutting interest rates is approaching
Egypt
Valu debuts on EGX with $6.6 million dividend distribution from EFG Holding
EFG Holding distributed 20.488 percent of Valu’s capital, enabling direct shareholder participation in growth
Economy
Sheikh Mohammed celebrates 25 years of The Executive Office in advancing Dubai’s strategic vision for global leadership
His Highness tours an exhibition highlighting key strategic projects and initiatives of The Executive Office
Energy
Crude oil prices surge to highest levels since January amid Strait of Hormuz closure concerns
Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted
Markets
Dubai 24-carat gold price today remains above AED405 amid rising dollar, Middle East tensions
Investors shifted to the dollar following U.S. airstrikes, impacting gold and commodity markets
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