Economy Middle East

Africa

Business travel in MENA set to soar to $270.8 billion by 2030: Report
Banking & Finance

Business travel in MENA set to soar to $270.8 billion by 2030: Report

Business travel in the MENA region rose by 50 percent in Q1 2025 compared to Q1 2024

UAE strengthens trade with Congo, offers 99.5 percent tariff exemptions: Al Zeyoudi
Economy

UAE strengthens trade with Congo, offers 99.5 percent tariff exemptions: Al Zeyoudi

Congo’s key sectors set to thrive under the new Comprehensive Economic Partnership Agreement

Egypt secures nine development agreements worth $290.2 million with France, EU
Banking & Finance

Egypt secures nine development agreements worth $290.2 million with France, EU

These deals will support priority projects in water treatment, sanitation, electricity, and rail transport sectors

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

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

Information security spending in MENA to reach $3.3 billion in 2025, up 14 percent: Gartner
Banking & Finance

Information security spending in MENA to reach $3.3 billion in 2025, up 14 percent: Gartner

Spending on security services is expected to grow by a 16.6 percent in 2025

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

Egypt, France ink $7.68 billion agreement for green hydrogen facility
Egypt

Egypt, France ink $7.68 billion agreement for green hydrogen facility

The agreement was signed during French President Emmanuel Macron's recent visit to Egypt

Middle East Energy 2025 in Dubai spotlights energy storage and battery technology
Energy

Middle East Energy 2025 in Dubai spotlights energy storage and battery technology

The event showcases over 1,600 exhibitors and pivotal discussions on energy storage solutions

Egypt, France sign strategic partnership agreements in key sectors
Economy

Egypt, France sign strategic partnership agreements in key sectors

Agreements focus on transportation, health, and education

Egypt’s banking sector net foreign assets rise by $1.5 billion to $10.17 billion in February
Banking & Finance

Egypt’s banking sector net foreign assets rise by $1.5 billion to $10.17 billion in February

Total foreign assets of the banking sector reached EGP3.653 trillion

Egyptian pound plummets to record low as dollar jumps 2 percent following Trump tariffs
Economy

Egyptian pound plummets to record low as dollar jumps 2 percent following Trump tariffs

The exchange rate closed at EGP51.19 to $1, up from EGP50.66

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

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

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