Middle East faces economic storm as market slumps, oil dips and global tensions rise | CNN Business

Middle East faces economic storm as market slumps, oil dips and global tensions rise

By Yara Enany, CNN

Published 11:37 AM EDT, Fri April 11, 2025

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Middle East faces economic storm as market slumps, oil dips and global tensions rise

This week, the Middle East felt the heat with Saudi stocks plummeting, and the PGA Tour rejecting a $1.5 billion Saudi investment offer. Meanwhile, Macron’s visit to Egypt secured a $284 million deal to boost the country’s economy. It’s been a week of big shifts and global impact.

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Marketplace Middle East 16 videos

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Middle East faces economic storm as market slumps, oil dips and global tensions rise

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Strategic turns in the Middle East: Trade realignments, US energy diplomacy, and Egypt’s Gulf-backing

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<p>CNN looks at what's behind the UAE’s $1.5 trillion commitment to the US, Dubai’s digital property transformation and Turkey’s lira turmoil.</p>

UAE’s $1.5 trillion investment, Dubai’s real estate innovation, and Turkey’s currency crisis

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<p>This week has seen a deal to launch Abu Dhabi’s first sovereign cloud system, setting the stage for fully AI-powered government services, Saudi Arabia’s trillion-dollar mining jackpot and Egypt’s Suez Canal facing major losses.</p>

Big moves in the Middle East: AI-powered government, a mining boom, and the Suez Canal's struggles

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<p>From Trump’s tariffs pushing up aluminum prices, to MGX’s record $2 billion crypto investment in Binance, and Oman’s $4 billion New City Salalah project, it’s been a busy week for business news from the Middle East.</p>

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<p>With Bybit’s crash sending shockwaves through the market, where does crypto stand now? Are we in for a rebound or more turbulence ahead? Chainalysis CEO Jonathan Levin shares his thoughts on the topic.</p>

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<p>After Donald Trump spoke at the Saudi-backed FII Priority Summit in Miami, CNN examines evolving relations between the US and Saudi Arabia.</p>

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<p>CNN was at the World Government Summit in Dubai, to see how strategic investments and regional collaboration are driving change, from climate resilience to the Middle East’s rise as an innovation hub.</p>

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