Economics

Egypt reports record primary surplus of GDP at 3.1 percent from July to April 2025

The debt-to-GDP ratio has declined, showing commitment to maintaining this positive financial trend 

UAE, Azerbaijan central banks sign MoU to strengthen financial cooperation and exchange expertise

Both parties aim to deepen technical cooperation through training, research, and knowledge exchange 

UAE and Oman deepen strategic ties as Dubai Crown Prince leads landmark visit

Discussions will explore avenues for strategic partnerships and cooperation across various sectors

Dubai 24-carat gold price surpasses AED404 as global rates fall on Trump’s EU tariff extension

Rising gold prices reflect safe-haven buying as U.S. tariffs loom over European imports

Trump proposes 50 percent tariffs on EU as Apple risks 25 percent unless manufacturing moves to U.S. 

Trade discussions between Trump’s administration and the EU have been described as going nowhere

Eid al-Adha 2025: How the festival fuels economic growth across the GCC and globally

Intra-GCC tourism peaks during Eid, enhancing hospitality and entertainment sectors across multiple countries.

Egypt’s central bank cuts interest rates as growth accelerates, inflation slows

The MPC has adjusted the overnight deposit rate to 24 percent and lending rate to 25 percent 

Qatar tourism contributes $15.1 billion to GDP in 2024 with 12 percent 2030 target

International visitors spent nearly $11 billion, with a 25 percent increase in arrivals noted

Saudi Arabia and Spain partner to boost joint projects, economic collaboration

Key areas of cooperation include economic modeling, support for SMEs, and joint project facilitation

Qatar launches $1 billion incentives program to drive gloval investment, innovation

The program offers financial support covering up to 40 percent of eligible local investment expenses over five years

Make it in the Emirates 2025: ADIO launches AI-driven partnership with e& enterprise to accelerate industrial growth

Partnership empowers firms to leverage AI technologies and sustainable practices for operational excellence 

Portfolio resilience vital as investors face heightened uncertainty, changing asset class returns: J.P. Morgan

Investors must adapt to policy uncertainty and consider alternative reserves for long-term stability