Economy

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

U.S. tariff rate soars to 22 percent from just 2.5 percent, highest since 1910: Fitch

Tariffs are expected to generate approximately $700 billion in annual revenue

Trump tariffs list: Over 180 countries and territories hit with “Liberation Day” tariffs

Trump’s sweeping tariffs will go into effect on April 5, and his reciprocal tariffs will hit on April 9 on new imports of foreign-made goods

Trump announces 10 percent global tariff, higher rate for trade-surplus nations

Trump's sweeping tariffs will go into effect on April 5, and his reciprocal tariffs will hit on April 9

UAE tops ranking in Global Entrepreneurship Monitor 2025 Report for 4 years running

The country achieved the highest rank among high-income nations in 11 out of 13 key indicators

Saudi Arabia’s new commercial register, trade names laws effective today

New laws seek to facilitate starting and operating a business in Saudi Arabia and reduce the financial burden on enterprises

UAE to raise investments in Costa Rica, Mauritius as free trade deals come into force

The CEPAs are expected to enhance the UAE's connectivity to centers of growth in Central America and Africa

The CEPA program: How the UAE plans to raise non-oil foreign trade to $1.09 trillion by 2031

In 2024, the UAE achieved 75 percent of the AED4 trillion target set in the ‘We the UAE 2031’ vision with seven full years remaining

EU approves $4.4 billion and $539.5 million loans for Egypt, Jordan

The Parliament approved macro-financial assistance to Egypt: 452 votes for, 182 against, 40 abstained

Trump to make first foreign trip to Saudi Arabia, UAE and Qatar

Trump also plans to visit Qatar and the UAE during this trip

Gifting crypto for Eid al-Fitr emerges as UAE’s crypto adoption surges by 42 percent

Gifting money to younger family members during Eid al-Fitr is being reimagined for the digital era in the UAE

Saudi Arabia’s unemployment rate drops to 3.5 percent in Q4 2024

The unemployment rate for Saudi nationals dropped to 7 percent in Q4 2024

Abu Dhabi’s GDP grows 3.8 percent to all-time high of $326.71 billion in 2024

The non-oil sector recorded a strong growth rate of 6.2 percent, marking its highest-ever annual contribution of 54.7 percent to total GDP

Impact of Trump’s auto tariffs on Tesla is “significant,” says Elon Musk

The carmaker domestically manufactures all of its cars sold in the U.S. but imports certain parts from China

Trump’s announcement of 25% tariffs on foreign auto imports sends markets on a bumpy ride

The new tariffs will apply to vehicles assembled in countries with free-trade agreements with the U.S., such as Canada, Mexico, and South Korea

Next50 initiative discusses promoting UAE companies’ access to investment opportunities in new economy sectors

Meeting represents a significant step in enabling UAE’s private sector to maximize the benefits of Investopia

Tesla to launch in Saudi Arabia on April 10

The launch in Saudi Arabia comes as Tesla's EV sales in Europe and China decline

Eid al-Fitr 2025: Record gold prices trigger shift in UAE consumer preferences toward 18K gold

March has been one of the most bullish months for gold in the past 4 years, gaining around 4.2 percent on average