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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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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
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
Health
Trump says U.S. will announce “major” tariff on pharmaceutical imports
Trump noted that these tariffs will incentivize drug companies to move their operations to the U.S.
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
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
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
Logistics
EU proposes tariff removal, Trump demands $350 billion in U.S. energy purchases
“Europe is always ready for a good deal,” says Commission President Ursula von der Leyen
Logistics
Trump’s 50 percent tariff threat to China raises fears of further trade disruption
Beijing countered, asserting that "pressuring or threatening China is not a right way to engage"
Energy
Oil prices rebound 1 percent to $64.93 after sharp tariff-driven declines
Markets worry Trump's tariffs will hinder global economic growth and negatively impact oil demand
Markets
Dubai gold prices drop AED5, global rates slip below $3,000 amid tariff turmoil
Bullion prices slipped by as much as 2.7 percent before paring some losses on Monday
Economy
Egyptian pound plummets to record low as dollar jumps 2 percent following Trump tariffs
The exchange rate closed at EGP51.19 to $1, up from EGP50.66
Markets
Stock market downturn: Asia reacts to U.S. tariff plans, recession fears
S&P 500 futures fell 3.5 percent, Nasdaq futures dropped 4.4 percent, increasing total market losses to $6 trillion
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