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Middle East airlines are projected to achieve a net profit of $6.2 billion in 2025, leading the global market with an 8.7% profit margin per passenger, driven by strong economic performance and investments in travel infrastructure. While global airline profits are expected to rise to $36 billion, challenges such as delays in aircraft deliveries and a decline in cargo revenues highlight the industry's ongoing struggles amidst macroeconomic pressures.
Saudi Arabia’s non-oil private sector PMI rose to 55.8 in May, driven by stronger new order growth, despite a decline in other sub-components. Business activity increased, particularly in construction, while employment surged at a decade-high rate. Input costs rose, but firms reduced selling prices amid heightened competition, leading to improved business confidence.
IBM is set to open a new center in Lucknow by September, highlighting India's status as one of its five key growth markets alongside Saudi Arabia, Indonesia, Mexico, and the UAE. The company has more than doubled its business in India over the past four years and is expanding into tier-2 and tier-3 cities like Gandhinagar and Kochi.
Salesforce is significantly expanding its operations in the Middle East, doubling its regional team and investing $500 million in Saudi Arabia while opening a new office in the UAE. The company aims to triple its business in the next four to five years, focusing on AI and digital labor to enhance customer experiences and operational efficiency. At the recent Agentforce World Tour in Dubai, industry leaders discussed the transformative role of AI across various sectors, emphasizing the necessity for businesses to adapt to this digital shift.
Saudi businesses are experiencing their fastest hiring growth in a decade, driven by increased spending on expansion, as indicated by the latest PMI data from Riyad Bank. This surge in job creation reflects a broader optimism in the market. Manoj Nair, a seasoned business editor at Gulf News, focuses on property, gold, and stock trends while maintaining a keen interest in luxury brands and retail industry changes. Outside of journalism, he enjoys classic Bollywood films from the 1950s to 1980s.
Stride Ventures is expanding its presence in Saudi Arabia as venture debt gains traction in the GCC, with plans to double its local team and open a second office. The region's venture debt market has surged at a 54% CAGR, driven by initiatives like Vision 2030 and support from state-backed funds. With a commitment target of US$500 million over the next few years, Stride Ventures aims to support startups seeking non-dilutive financing, reflecting a shift in the Middle East towards becoming a hub for innovation financing.
Budget airline flynas has confirmed the number of retail investors participating in its IPO. Manoj Nair, the Gulf News Business Editor, brings extensive experience in property, gold, and stock markets, while also having a passion for luxury brands and the evolving retail industry. Outside of financial journalism, he enjoys classic Bollywood films from the 1950s to 1980s.
Walid Abdul-Wahab, founder of Desert Farms, is revolutionizing infant nutrition with camel milk, leveraging the Middle East's rich heritage while addressing food security. Despite initial skepticism from investors, he emphasizes the importance of scientific backing and storytelling in fundraising. With ambitions to position Desert Farms as a leading infant formula brand, he aims to contribute to Abu Dhabi's emergence as a food innovation hub.
WeRide has launched Robotaxi testing in Riyadh and AlUla, Saudi Arabia, as part of its global expansion and partnership with Uber. This initiative supports the Kingdom's Vision 2030 goals for smart mobility and aims to enhance transport solutions amid a growing demand for sustainable options. Full-scale operations are expected by late 2025.
In May 2025, MENA startups raised $289 million across 44 deals, a 25% increase from April, with Egypt leading at $125 million, including Nawy's $75 million round. Fintech dominated funding with $86.5 million, while AI startups lagged, securing only $25 million. The funding landscape revealed a significant gender gap, with male-founded startups receiving 82% of the capital.
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middle east aviation projected to lead global profits in 2025
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