Europe

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

Oil prices climb to $66.77 as Trump pressures Fed, tariffs cloud outlook

Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts

Mashreq successfully prices landmark $500 million debut Sukuk

The issuance garnered the largest order book in Mashreq’s history, with demand surging to $2.9 billion despite elevated market volatility

Oil prices fall to $66.86 as tariff concerns, economic uncertainty grow

Markets remained nervous about aggressive U.S. tariffs and the ongoing trade war with China

Egypt Central Bank cuts interest rates for first time in 4 years

The overnight deposit, lending, and main operation rates were cut by 2.25 percent each

Saudi Arabia, France explore strengthening partnerships in healthcare sector

Discussions focused on key areas of cooperation, particularly in supporting innovation in biotechnology

Oman, Netherlands forge hydrogen agreements to boost clean energy collaboration

Signing occurred during the "state visit" of His Majesty Sultan Haitham bin Tarik to the Netherlands

Abu Dhabi’s Etihad Airways boosts fleet with sixth A350 delivery

A350 stands out with 25 percent lower CO2 emissions and 50 percent smaller noise footprint

EU pauses countermeasures against U.S. tariffs

26 EU member states voted to impose countermeasures just before Trump announced a 90-day pause

Masdar expands European footprint with 100 percent acquisition of Greece’s TERNA ENERGY

Masdar will initiate the process for TERNA ENERGY’s delisting from the Athens Stock Exchange

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