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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
Saudi PMI shows resilience in non-oil private sector growth for March
The pace of growth has moderated from January's near 14-year highÂ
Real Estate
Dubai Land Department, VARA join forces to connect real estate registry with tokenization
This initiative seeks to enhance the efficiency of property management companies
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
Markets
Stock market downturn: Asia reacts to U.S. tariff plans, recession fears
S&P 500 futures fell 3.5 percent, Nasdaq futures dropped 4.4 percent, increasing total market losses to $6 trillion
Banking & Finance
UAE announces new tax rules regarding non-resident nexus for corporate regulations
This decision eases compliance for foreign investors and highlights the UAE's commitment to investment appeal
Markets
Dubai gold prices up AED0.75, global rates fall to 3.5-week low
Market sell-off continued as investors sold bullion to cover losses amid recession fears from trade war
Energy
Oil prices hit four-year low of $63.93 amid Trump tariff fears
Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand
Logistics
7X appoints Tariq Al Wahedi as Group CEO to lead next phase of growth
Al Wahedi has over 20 years of expertise in logistics, CEP solutions, and venture capital
Economy
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 addedÂ
Economy
IMF urges U.S. to collaborate on trade as tariffs pose economic risks
Georgieva stated the IMF will assess tariffs during meetings from April 21-26Â
Economy
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
Economy
U.S. tariffs could constrict global trade by 1 percent in 2025, WTO warnsÂ
Trump recently announced a 10 percent import tax and higher tariffs on trade surplus nations.
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