Elias AL Helou

Beirut, Lebanon

Digital Editor and Translator at Economy Middle East

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Articles

Dubai to launch autonomous taxis

2 days ago | economymiddleeast.com | Elias AL Helou

Dubai’s Roads and Transport Authority (RTA) has signed a Memorandum of Understanding with Baidu’s autonomous ride-hailing service taxis
Abu Dhabi’s Mubadala Energy acquires first stake in U.S. gas, LNG projects

2 weeks ago | economymiddleeast.com | Elias AL Helou

Abu Dhabi-based Mubadala Energy has finalized an agreement with Kimmeridge, a prominent alternative asset manager focused on energy, to acquire a 24.1 percent interest in Kimmeridge’s SoTex HoldCo LLC (SoTex) through the issuance of new equity.
Saudi Arabia sees 89 percent growth in tourist hospitality facilities

2 weeks ago | economymiddleeast.com | Elias AL Helou

The Ministry of Tourism in Saudi Arabia has reported a remarkable increase in the number of licensed tourist hospitality facilities, reaching a total of 4,425 in 2024. This figure represents an impressive growth rate of 89 percent compared to previous years. This surge in licensed facilities is a clear indication of the Kingdom’s commitment to enhancing its tourism sector, which has been experiencing significant expansion due to a rising influx of both domestic and international visitors.
U.S. inflation slows sharply in March

2 weeks ago | economymiddleeast.com | Elias AL Helou

The inflation in the United States (U.S.) slowed sharply in March, according to new data released on Thursday. This trend underscores the continued strength and resilience of the economy, particularly in light of President Trump’s aggressive trade policies. The latest reading of the Consumer Price Index (CPI) revealed that inflation cooled to an annual rate of 2.4 percent in March.
Saudi Arabia’s flynas launches direct flights between Riyadh, Abu Dhabi

2 weeks ago | economymiddleeast.com | Elias AL Helou

Low-cost airline flynas celebrated the launch of direct flights between Riyadh and Abu Dhabi on April 10.
Sheikh Hamdan inaugurates DP World’s Nhava Sheva Business Park in India

2 weeks ago | economymiddleeast.com | Elias AL Helou

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, inaugurated DP World‘s state-of-the-art Free Trade Warehousing Zone (FTWZ) – the Nhava Sheva Business Park (NSBP) – in Mumbai, India. The inauguration, which took place during H.H. Sheikh Hamdan’s official visit to India, marks a significant milestone in strengthening the deep-rooted economic and cultural ties between India and the UAE.
Mashreq Bank partners with Goldman Sachs Asset Management

2 weeks ago | economymiddleeast.com | Elias AL Helou

Dubai-based Mashreq has announced a partnership with Goldman Sachs Asset Management. This collaboration aims to enhance the wealth management offerings at Mashreq by providing discretionary services to its clientele, according to a statement. With access to a diverse range of discretionary portfolios, the partnership aligns perfectly with the bank’s mission of delivering an exceptional customer experience and leading-edge investment solutions.
China consumer prices continue downward trend decline

2 weeks ago | economymiddleeast.com | Elias AL Helou

China’s consumer prices fell for the second consecutive month in March, while factory-gate deflation worsened. This decline comes as an escalating U.S. trade war raises concerns about increasing inventories of unsold exports, which could drive domestic prices even lower. The world’s second-largest economy has experienced a rocky start this year.
EU pauses countermeasures against U.S. tariffs

2 weeks ago | economymiddleeast.com | Elias AL Helou

The European Union (EU) has announced a pause on countermeasures against the United States (U.S.) regarding import taxes into the bloc. This decision comes as a remarkable development in ongoing trade tensions. Twenty-six EU member states—every member except Hungary—voted to impose the countermeasures just hours before President Trump declared his 90-day pause on implementing the tariffs yesterday.
الشيخ حمدان يفتتح مجمع الأعمال والمنطقة الحرة التابعين لموانئ دبي العالمية في نافا شيفا في الهند

2 weeks ago | economymiddleeast.com | Elias AL Helou

افتتح سموّ الشيخ حمدان بن محمد بن راشد آل مكتوم، ولي عهد دبي، نائب رئيس مجلس الوزراء وزير الدفاع، “مجمع نافا شيفا للأعمال” التابع لموانئ دبي العالمية في مدينة مومباي، في خطوة مهمة من شأنها تعزيز الشراكة الاقتصادية المزدهرة بين دولة الإمارات العربية المتحدة وجمهورية الهند.