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The recent imposition of US tariffs on several Middle Eastern nations signals a shift in trade dynamics, challenging traditional alliances while creating opportunities for economic diversification. While GCC states face a 10% tariff, other Arab countries endure steeper penalties, prompting a reevaluation of trade strategies and partnerships. As the region prioritizes economic diversification and regional integration, new sector-specific alliances are emerging, particularly in green energy, technology, and food security.
Egypt is seeking to amend the QIZ agreement with the U.S. and Israel in response to tariffs imposed by President Trump, which affect several countries, including Egypt. The government is exploring low-cost local manufacturing and plans to review free trade agreements with global partners to enhance exports. Additionally, there are suggestions to reduce the required Israeli input in QIZ products from 10.5% to 5%.
Egypt's B2B sector is losing between $3.5 billion and $4.5 billion annually, as 80% of firms with an online presence are deemed "digital ghosts," lacking engagement and visibility. Despite a strong tech talent pool and growing global demand, many companies fail to leverage digital strategies effectively. ThruHQ's report highlights the urgent need for improved digital practices to unlock significant growth opportunities in the market.
The recent imposition of US tariffs on several Middle Eastern nations is reshaping trade dynamics, prompting a shift towards economic diversification and regional integration among Gulf Cooperation Council states. While the tariffs primarily target exports, they signal a broader strategic intent from the US, emphasizing domestic protectionism and complicating long-standing economic ties. As countries adapt, new opportunities may arise in sectors like agribusiness and logistics, potentially positioning the Middle East as a key connector in global trade.
Algeria is set to launch sector-specific investment funds aimed at supporting 20,000 startups by 2029, focusing on energy and tech innovation. This initiative, backed by the state-owned Algérie Télécom, seeks to enhance the startup ecosystem and position Algeria as a North African innovation hub.In the MENA region, venture capital investments surged to over $690 million in Q1 2025, with Saudi Arabia leading the charge, accounting for 50% of the total funding. Meanwhile, Moroccan fintech PayTic raised $4 million to enhance payment automation across Africa, addressing critical operational challenges in the financial sector.
GITEX AFRICA Morocco, set for April 14-16, 2025, in Marrakech, will showcase Africa's digital innovation and attract global investors, under the patronage of King Mohammed VI. The event aims to position Morocco as a tech hub, featuring over 1,450 exhibitors and 45,000 attendees from 130 countries, while highlighting the continent's startup ecosystem and fostering international partnerships.
Algeria is set to launch sector-specific investment funds aimed at supporting 20,000 startups by 2029, focusing on innovation in AI, energy tech, and deep tech. The initiative, backed by the Minister of Knowledge Economy, seeks to enhance funding and create a resilient economy through collaboration with international institutions. Algérie Télécom is also investing $11 million to promote AI, cybersecurity, and robotics, further solidifying Algeria's ambition to become a North African innovation hub.
The MENA region is emerging as a key player in global venture capital, with Algeria launching sector-specific funds to support 20,000 startups by 2029, focusing on AI and renewable energy. Meanwhile, Moroccan fintech PayTic has raised $4M to enhance payment automation across Africa, and Saudi Arabia's Sary has merged with Bangladesh's ShopUp to form SILQ, a B2B platform backed by $110M in investments, aiming to connect Gulf and South Asian markets.
The UAE has signed its 27th Comprehensive Economic Partnership Agreement (CEPA) with the Republic of the Congo, advancing its strategy to lower trade barriers and enhance economic diversification. With eight agreements in force and 14 pending ratification, the UAE aims to boost non-oil foreign trade to Dhs4tn by 2031, while also engaging in talks with the EU for a potential agreement. The CEPA program, launched in September 2021, is pivotal for strengthening the UAE's global trade position and attracting foreign investment.
Moroccan fintech startup PayTic has secured USD 4 million in funding, led by AfricInvest, to enhance its payment automation solutions across North and Sub-Saharan Africa. The investment reflects growing confidence in Africa's fintech sector, which has attracted USD 1.4 billion this year. Founded in 2020, PayTic specializes in SaaS solutions for card issuers, aiming to streamline payment processes and support economic growth on the continent.
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us tariffs reshape middle east trade dynamics and open new opportunities
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