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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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investment
Banking & Finance
U.S. pledges $130 million to support Egypt’s development efforts
This partnership will contribute to stimulating Egypt’s private sector participation in diverse projects
Energy
ADNOC awards $5.5 billion contract for Ruwais LNG plant
Project to more than double ADNOC’s existing UAE LNG production capacity to around 15mmtpa
MENA
MENA IT spending to grow 5.2 percent in 2024 to $193.7 billion: Report
Spending on data center systems to decline by 0.3 percent in 2024
Banking & Finance
Egypt reports $17.23 billion primary budget surplus, reaching 5.87 percent of GDP from July 2023 to May 2024
This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion
Markets
Alef Education begins trading on ADX after successful $514 million IPO
Alef Education's market capitalization reached $2.56 billion at the time of listing
Markets
Apple shares rise 7.26 percent to record high following AI features release
Apple's market capitalization reached $3.18 trillion, making it world's second most valuable company again
Economy
Inflation in Egypt predicted to drop by 10 percent by end of June 2025: Report
The report cited the recent floating of the pound exchange rate and an enhanced IMF agreement
Energy
ADNOC Drilling, Alpha Dhabi joint venture raises stake in Gordon Tech for $270 million
Acquisition follows Gordon Technologies' completion of setting up its Abu Dhabi business
Op-eds
Navigating climate-related data in the investment process
Such data are vital for assessing risks, valuing assets, and engaging shareholders
Economy
Elevating Türkiye’s investment appeal
Country’s trade volume with UAE, an important economic partner, hit $20 billion in 2023
Energy
Upstream oil and gas investment needs to rise 22 percent by 2030 to meet surging demand, $4.3 trillion required: Report
Global upstream oil and gas capital expenditure is expected to grow by $24 billion this year
Banking & Finance
Most UAE consumers are financially aware, 67 percent have long-term goals: Survey
More than half of survey respondents believe that instalments would help manage finances
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