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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Economics
Hospitality & Tourism
Travel and tourism industry to reach 30 billion tourist trips by 2034, adding $16 trillion to global GDP: WEF
India and China will be responsible for more than 25 percent of all outbound travel by 2030
Economy
Abu Dhabi’s GDP grows 3.4 percent to $79.2 billion in Q1 2025, driven by 56.2 percent from non-oil sector
Manufacturing sector led non-oil economy with over $7.75 billion value added during the quarter
Economy
Kuwait’s non-oil PMI sees record employment growth amid increasing new orders
The S&P Global PMI fell to 53.1, indicating solid improvement in Kuwait's non-oil sector
Economy
Saudi Arabia’s non-oil PMI climbs to three-month high of 57.2 in June as hiring growth surges
Employment levels surged sharply, marking the fastest rate of job creation since May 2011
Markets
Abu Dhabi Securities Exchange partners with HSBC and FAB to launch MENA’s first digital bond
Milestone listing reinforces ADX’s leadership in digital asset innovation and financial market modernization
Economy
BlackRock releases 2025 Midyear Global Outlook amid market uncertainty
BlackRock believes this era offers better opportunities than the relatively static conditions of the past decade
Banking & Finance
Kuwait introduces multinational entities tax expecting over $819 million in annual revenue
Multinational entities must register by September 30 to comply with the new tax regulations
Logistics
Saudi Crown Prince approves multiple agreements with Italy, Russia for visa exemptions
Another agreement was signed with Algeria to combat organized crime and enhance security cooperation
Economy
Oman and Egypt sign seven agreements to boost cooperation in trade, investment, labor
Talks aimed at strengthening bilateral relations align with directives from leaders of both nations
Banking & Finance
Trump’s tax-cut bill passes Senate, adding $3.3 trillion to debt: Potential impacts on healthcare and wealth distribution
Trump emphasizes the bill's benefits for all Americans
Markets
Dubai 24-carat gold price today drops to AED400.25 as U.S. data, Fed stance weigh in
Gold prices dipped slightly as investors awaited U.S. payroll data and Fed Chair's remarks
Energy
Crude oil prices climb 2 cents to $67.15 as OPEC+ supply decision looms
Saudi Arabia's shipments increased by 450,000 bpd in June, marking the highest levels in over a year
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