Economy

Egypt aims for $60 billion in foreign direct investment, $145 billion in exports

The country aims for 65 percent private sector contribution by 2030

UAE, Türkiye forge stronger economic ties as bilateral non-oil trade grows to $40.5 billion in 2024

Exceeding $40 billion in non-oil trade, a key target of the UAE-Türkiye CEPA, comes three years ahead of schedule

Sheikh Hamdan bin Mohammed arrives in New Delhi on first official visit to India

His Highness will engage with senior officials to strengthen bilateral partnerships during his visit 

Top 15 companies in UAE, Saudi Arabia for professional growth in 2025: Linkedin

Multinational companies make up 11 of the top 15 companies in the UAE

85 percent of UAE CEOs expect global economy to improve in next 3-5 years: Survey

60 percent report a strong need to reskill their workforce, significantly higher than the global average of 49 percent

Trading blows: Can the global economy withstand the tariff shock?

EFG Hermes' Mohamed Abu Basha on recession risks, deglobalization, and how MENA can turn global turmoil into opportunity

UAE, China’s Guangxi explore strengthening ties in vital sectors as bilateral trade grows to $969 million

Key areas of cooperation include new economy, entrepreneurship, air transport, and advanced industries

Sheikh Hamdan to visit India, hold high-level talks

Sheikh Hamdan will meet senior officials in New Delhi to enhance bilateral partnerships during his visit

Egypt, France sign strategic partnership agreements in key sectors

Agreements focus on transportation, health, and education

EFG Hermes kicks off 19th One-on-One Investor Conference: MENA Investment Playbook

The conference is hosting 220 companies and 675 institutional investors and fund managers representing 252 global institutions

Saudi PMI shows resilience in non-oil private sector growth for March

The pace of growth has moderated from January's near 14-year high 

U.S. economy adds 228,000 jobs in March amid looming trade war escalation

Job growth rebounded significantly from last month’s revised total of 117,000 new jobs added 

IMF urges U.S. to collaborate on trade as tariffs pose economic risks

Georgieva stated the IMF will assess tariffs during meetings from April 21-26 

China to impose 34 percent tariffs on all U.S. imports starting April 10

China also announced controls on exports of medium and heavy rare-earths to the U.S., effective April 4

U.S. trade deficit shrinks by 6.1 percent to $122.7 billion amid tariff changes

Imports held steady at $401.1 billion in February after a sharp increase in the prior month

U.S. tariffs could constrict global trade by 1 percent in 2025, WTO warns 

Trump recently announced a 10 percent import tax and higher tariffs on trade surplus nations.

J.P. Morgan raises global recession odds to 60 percent on U.S. tariff concerns

Retaliation, a slide in U.S. business sentiment and supply chain disruptions could magnify the impact of tax hike

Global AI market to reach $4.8 trillion by 2033: 40 percent of jobs at risk

The report emphasized the need for global AI governance, with 118 countries absent from discussions

U.K. targets U.S. imports: List of products facing tariffs

The published list features roughly 8,000 items that could be affected by future retaliatory duties

UAE non-oil business sector growth declines in March – PMI

UAE firms remain optimistic about future growth, supported by strong pipelines and national infrastructure development

Egypt’s construction sector thriving despite PMI mild contraction in March

The Purchasing Managers' Index fell to 49.2 from 50.1 in February 

Türkiye’s annual inflation falls to 38.1 percent in March 2025

Türkiye's monthly inflation rate reached 2.46 percent, up from 2.27 percent in February

Abu Dhabi’s CYVN Holdings completes acquisition of McLaren Automotive

Transaction follows a strategic agreement that CYVN signed in December 2024 with Mumtalakat