Economy Middle East

1 week ago | economymiddleeast.com | Elias AL Helou

Eid al-Adha plays a major role in the business world, especially in regions with a high number of Muslims. It’s also known as the “Festival of Sacrifice,” is celebrated by millions of Muslims worldwide. It commemorates the willingness of Prophet Ibrahim to sacrifice his son as an act of obedience to God. The festival is marked by communal prayers, charitable giving, and the ritual sacrifice of livestock.

1 week ago | economymiddleeast.com | Elias AL Helou

Eid al-Adha, the “Festival of Sacrifice,” is one of the most significant events in the Islamic calendar. Many countries, especially those with big populations of Muslims, greatly feel the influence of its culture, religion and economy. For people in supply chain management, Eid al-Adha means extra demand, challenges with organizing logistics and additional pressures on industries including livestock, retail and food.

1 week ago | economymiddleeast.com | Elias AL Helou

Muslim communities around the world consider Eid al-Adha, “the Festival of Sacrifice,” to be a major religious and social occasion. As well as being important spiritually, it now greatly affects consumer habits, shapes trends in retail and influences how families spend their money. Growing economic pressure, new technologies and updated cultural preferences are altering the way people buy goods and services ahead of Eid al-Adha 2025.

1 week ago | economymiddleeast.com | Elias AL Helou

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan engaged in discussions today with His Excellency Abdel Fattah El-Sisi, President of the Arab Republic of Egypt. The dialogue centered on the long-standing fraternal ties between the two nations and explored avenues to enhance cooperation across various sectors, particularly those that promote their shared developmental aspirations and serve the mutual interests of their peoples.

1 week ago | economymiddleeast.com | Elias AL Helou

The Central Bank of the UAE (CBUAE) has released 7,000 silver commemorative coins to celebrate the Dubai Islamic Bank’s (DIB) Golden Jubilee, honoring its significant achievements in the banking sector since its founding in 1975. This issuance comprises 2,000 coins weighing 50 grams and 5,000 coins weighing 20 grams.