Economy Middle East

Economics

WTO warns U.S.-China trade tensions could slash global trade by 80 percent, risking 7 percent GDP drop
Logistics

WTO warns U.S.-China trade tensions could slash global trade by 80 percent, risking 7 percent GDP drop

The preliminary estimate came as Trump raised tariffs on China but paused others for 90 days

Egypt annual urban consumer price inflation rises to 13.6 percent in March
Economy

Egypt annual urban consumer price inflation rises to 13.6 percent in March

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

UAE and Kazakhstan central banks forge cooperation for financial market regulation, development
Banking & Finance

UAE and Kazakhstan central banks forge cooperation for financial market regulation, development

Agreement aims to strengthen cooperation and information exchange in areas of mutual interest

Saudi Arabia achieves top global ranking in empowering women in AI sector: Report
Saudi Arabia

Saudi Arabia achieves top global ranking in empowering women in AI sector: Report

The Kingdom ranked third in AI job growth for 2024 and fourth in leading AI models

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

Canada implements 25 percent counter-tariffs on U.S. vehicles
Logistics

Canada implements 25 percent counter-tariffs on U.S. vehicles

Canada is the largest U.S. car export market, with 8 percent non-compliant vehicles estimated

Oil prices hit four-year low amid U.S. 104 percent tariffs on China
Energy

Oil prices hit four-year low amid U.S. 104 percent tariffs on China

Trump signed an executive order raising tariffs on China by 50 percent, escalating tensions significantly

Stocks slide following U.S. 104 percent tariffs on China
Economy

Stocks slide following U.S. 104 percent tariffs on China

Since Trump's tariff announcement, S&P 500 companies have lost $5.8 trillion in market value

Dubai gold prices fall AED5, global rates stall amid U.S. tariff concerns
Markets

Dubai gold prices fall AED5, global rates stall amid U.S. tariff concerns

White House's 104 percent tariffs on China spiked the VIX, causing sharp declines in major indices

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