Economy

UAE, Armenia presidents explore ways to strengthen bilateral cooperation, investments

The President of Armenia reaffirmed the shared commitment to deepening the growing relationship across all areas of cooperation

UAE, Congo sign CEPA to elevate bilateral non-oil trade to $7.2 billion by 2032

Agreement will usher in a new era of collaboration in various economic sectors

Stocks slide following U.S. 104 percent tariffs on China

Since Trump's tariff announcement, S&P 500 companies have lost $5.8 trillion in market value

19th EFG Hermes One-on-One Conference highlights impact of U.S. tariffs and emerging opportunities in regional markets

While tariff exposure is limited, Egypt continues to pursue diversification across regional and global economic blocs

Sheikh Hamdan, India’s External Affairs Minister seek closer coordination on global issues, sustainable development

Sheikh Hamdan highlighted the importance of continuing joint efforts to promote global stability, economic progress and broader development

Sheikh Hamdan, Indian Prime Minister discuss deepening strategic partnership between the UAE and India

The two sides stressed the importance of offering strong incentives for greater investment and launching new joint ventures

Dubai-India Business Forum explores enhancing trade, investment ties between business communities

Dubai accounts for 85 percent of the UAE's non-oil trade with India, which reached $54.2 billion in 2023

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.