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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economy
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
Economy
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
Economy
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
Miscellaneous
Sheikh Hamdan launches MyDubai Communities: Your gateway to Dubai’s activities
Platform connects individuals of all ages, nationalities, and cultures within Dubai's 3.85 million residents
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
Hospitality & Tourism
Saudi travel surplus hits record $13.3 billion in 2024, marking 7.8 percent yearly growth
Surge was fueled by a 13.8 percent increase in inbound visitor spending compared to 2023
Logistics
Dubai Land Department, Ajman Free Zones Authority join forces to simplify real estate ownership
Initiative aims to boost transparency and investment, backed by strong legal and administrative protocols
Economy
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
Energy
Abu Dhabi’s TAQA, EWEC propel UAE’s AI strategy and net zero goals with new energy projects
Both companies signed a 24-year PPA to develop the Al Dhafra OCGT project
Banking & Finance
Amazon joins competitive race for TikTok ownership ahead of U.S. ban deadline
Buying TikTok could help Amazon attract younger shoppers and merge social media with shopping
Economy
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
Miscellaneous
Dubai World Trade Centre: Your guide to April 2025’s must-attend events
Events highlight Dubai's crucial position as a global hub for knowledge exchange, innovation, and economic opportunity
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