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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Esports and gaming gains momentum in the Middle East

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<p>This week saw the announcement of a potential Saudi-backed investment in Elon Musk’s xAI, new Bahrain-US deals and DP World’s interest in Syria’s Port of Tartus.</p>

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Oil prices climb, Emirates makes a splash in Paris, and Careem exits Pakistan

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<p>Flying cars moved a step closer to reality in Oman, OceanQuest debuted at the UN Ocean Conference, and it was announced that Syria will soon reconnect to the Swift payment system.</p>

Flying cars for Oman and Syria's payment system recovery: This week’s business headlines from the Middle East

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<p>CNN speaks to Masrour Barzani, Prime Minister of Iraqi Kurdistan Region, to discuss how it is positioning itself as not just a gateway to Iraq but also a destination in its own right. </p>

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<p>Iraq's Kurdistan Region is tapping into its cultural and natural wealth to grow its tourism sector. CNN explores how it is marketing itself to international visitors and investors.</p>

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