Economy Middle East

#Lebanon shows early signs of economic recovery, according to the World Bank’s Lebanon Economic Monitor, Spring 2025. 🇱🇧 For the first time since the crisis began, the country recorded a 0.8% #GDP growth, signaling tentative stabilization. Tourism, remittances, and gradual policy reforms continue to support the rebound, while inflation remains high but is beginning to ease. #WorldBank #Economy #EconomicRecovery #LebanonEconomy #MiddleEast

Dubai International Chamber, part of the Dubai Chambers umbrella, announced strong results for the first nine months of 2025, reinforcing Dubai’s position as a global business hub. The chamber attracted 261 companies between Q1 and Q3 2025, a 65% year-on-year increase. This includes 44 multinational firms (+10% YoY) and 217 SMEs (+84% YoY). These achievements highlight the Chamber’s ongoing efforts to boost foreign direct investment and strengthen Dubai’s global business appeal. Read more: https://lnkd.in/dqRzXKMG #DubaiChambers #DubaiInternationalChamber #FDI #BusinessGrowth

The #UnitedStates enters its longest government shutdown in history 🇺🇸 A government shutdown happens when Congress fails to pass funding bills, leading to the suspension of non-essential federal operations and services — affecting millions of employees and travelers. Shutdown Effects Across the U.S. Government shutdowns disrupt economic activity, delay public services, and weaken investor confidence. 📅 Previous Major U.S. Government Shutdowns - 35 days (Dec 22, 2018 – Jan 25, 2019): Under President Donald Trump - 21 days (Dec 16, 1995 – Jan 6, 1996): Under President Bill Clinton - 16 days (Oct 1 – Oct 17, 2013): Under President Barack Obama - 17 days (Sept 30 – Oct 17, 1978): Under President Jimmy Carter With this ongoing shutdown, the U.S. faces growing concerns over its economic impact and the ability of Congress to reach a bipartisan funding agreement. #USPolitics #GovernmentShutdown #USEconomy

DAMAC Properties announced on Thursday that it has reached a key construction milestone with the topping out of the Cavalli Tower, its AED1 billion ($272 million) ultra-luxury residential development and the world’s first tower with interiors designed by iconic Italian fashion house, Roberto Cavalli. Speaking on the sidelines of the topping-out ceremony, Ali Hussain Sajwani, managing director of DAMAC Group, said: “Cavalli Tower is a structural and design landmark that embodies DAMAC’s futuristic vision to blend fashion, architecture and art into Dubai’s skyline. With this topping out, we are one step closer to delivering a true global landmark in luxury living.” Read more: https://lnkd.in/dW93p6Zb #DAMAC #Dubai #RealEstate #DubaiRealEstate

Space42, the Abu Dhabi-based AI-driven SpaceTech firm, announced its consolidated financial results for the first nine months of 2025, posting revenues of $363 million. The company is publicly listed on the Abu Dhabi Securities Exchange under the ticker SPACE42 (ISIN: AEE01122B228). During this period, revenues declined by 15 percent, a result of the ongoing strategic and operational transformation of its Smart Solutions division. The shift reflects the company’s focus on programmatic engagements aligned with its core strengths in Earth Observation, geospatial analytics, and artificial intelligence. Read more: https://lnkd.in/erF7HcPV #Space42 #AbuDhabi #SpaceTech #AI #EarthObservation #GeospatialAnalytics

Corporate sustainability in Saudi Arabia is evolving into a phase of execution, accountability, and alignment with national goals. Companies are no longer focused solely on internal frameworks and performance indicators — the focus has shifted toward how their actions contribute to societal development as a whole. In line with Vision 2030’s guiding belief that “Our people are our greatest asset,” the country’s transformation emphasizes investing in individuals — from foundational education to future-ready career paths. By supporting people and communities, businesses are taking on a more meaningful role: driving economic growth while contributing to a more inclusive, resilient, and sustainable future. Authored by: Faisal Al-Sarraj, KSA deputy country leader, clients and markets consulting leader, PwC Middle East #SaudiArabia #Vision2030 #Sustainability #CorporateResponsibility #SocialImpact #EconomicGrowth #HumanCapital #CommunityDevelopment #FutureOfWork #ESG

Setting a new benchmark for #AI performance, scalability, and flexibility, Dell Technologies's new PowerEdge XE7740 delivers powerful AI acceleration tailored for industries driving innovation, from finance and healthcare to telecom and manufacturing.  #Innovation #Technology #Intel #DataCenters #Cloud #AITechnology #ArtificialIntelligence #Dell

The #US government shutdown continues to disrupt key sectors, now impacting air travel. Transportation Secretary Sean Duffy announced that flight capacity will be reduced by 10% across 40 major airports starting Friday morning, affecting between 3,500 and 4,000 flights daily. FAA Administrator Brian Bedford stated that additional measures may follow depending on how the situation evolves. The aviation sector has already been facing major disruptions since the start of the prolonged shutdown, with thousands of flight delays and cancellations reported nationwide. #USA #Aviation #GovernmentShutdown

The Emirates Group has reported a new record-breaking half-year performance, achieving a profit before tax of AED 12.2 billion ($3.3 billion) for the first six months of 2025–26. This marks the fourth consecutive year of record profitability for the same period. After income tax deductions, profit after tax increased by 13% year-on-year, reaching AED 10.6 billion ($2.9 billion). Read more: https://lnkd.in/eiyU2AcF #EmiratesGroup #AviationNews #HalfYearResults #RecordProfit #UAEEconomy #AviationIndustry #GlobalAviation #DubaiEconomy

HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, recently met with Chief AI Officers from government entities. During the meeting, Sheikh Hamdan said that Dubai aims to set a global benchmark in the use of AI to enhance government performance and elevate quality of life across all sectors, by empowering national talent and harnessing technology to build the future. Read more: https://lnkd.in/dam7nP2g #Dubai #AI #Technology #Ainews