Economics

Dubai AI Week 2025: Sheikh Hamdan witnesses signing of strategic partnerships to boost digital economy

Partnerships aim to accelerate start-up growth and reinforce Dubai as a global innovation hub

Dubai AI Week 2025: Sheikh Hamdan launches academy to accelerate AI adoption across sectors

The academy aims to educate 10,000 leaders in partnership with global academic institutions

Saudi Vision 2030: A comprehensive review of achievements in 2024

Vision hit 93 percent target success rate in first nine years

China eases tariffs on selected U.S. goods to mitigate economic strain

Exemptions follow conciliatory statements from Washington amid rising fears of global recession

Lebanon: New banking secrecy reforms to restore financial stability, fulfill IMF demands

New law allows regulators to access ten years of banking records to combat corruption

World’s largest sovereign wealth fund faces $40 billion loss as tech sector struggles

CEO noted significant market fluctuations affected investor sentiment and fund performance 

Lebanon: World Bank approves $250 million loan with plans to increase to $400 million

Finance Minister Yassine Jaber announced loan details after meeting World Bank Vice President Osama Weden 

Saudi Arabia’s non-oil exports surge 14.3 percent to $7 billion in February 2025

National non-oil exports (excluding re-exports) saw a rise of 0.7 percent, totaling SAR16.07 billion

IMF raises Egypt’s growth forecast to 3.8 percent for 2025, 4.3 percent next year

Adjustment improves upon January forecasts of 3.6 percent and 4.1 percent for the economy

Bitcoin jumps over 6 percent to $94,200 as investor confidence rebounds

Market reacted positively after Trump signaled easing trade tariffs

Oman, Russia ink 11 pacts including visa waiver agreement during Sultan’s Moscow visit

The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985