Oil and gas
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows
Investors expect a return to normalcy in oil if the ceasefire terms are upheld
The GCC, with its abundant and low-cost solar energy resources, is set to become a leading producer of green hydrogen
Goldman Sachs predicts Brent could peak at $110 if oil flows through the strait are disrupted
Lower Iranian supply and risk of wider disruption could push Brent crude above $90, said Goldman Sachs.
The UAE economy's growth is driven by non-oil sector activity and rising oil production
Fed discussions this week may lead to a 25 basis point rate cut sooner than expected
Oil was pressured by mixed economic readings from China, signaling inconsistent growth in its economy
Analysts say a closure of the strategic route would likely send oil prices above $100
Nasser stated that history shows new energy sources complement rather than replace traditional oil and gas
