Business - TRENDS MENA

At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab...
The financial crisis of the Arab countries will not ease unless oil prices, which will remain above $80 per barrel until 2025-end, come down
Oil prices climbed by about $28.2 per barrel from January until October 2021, showing 51.2 percent increase over the 10 months
The increase is 87% over the previous year.
Tesla announced last January that it was aiming to increase deliveries by 50% per year over several years
Tesla has managed to overcome global logistics issues that have plagued the auto industry
Issam Fakhreddin, the head of Jordan Restaurants Association called on tourist restaurants to submit a written request and a document...
Issam Fakhreddin, the head of Jordan Restaurants Association called on tourist restaurants to submit a written request and a document of inability to repay.
He also commended the government’s financial assistance packages, which had mitigated the Covid-19 pandemic-conduced repercussions on Jordan's restaurant sector
Huawei is the world's biggest supplier of telecoms network gear.
Huawei revenues went 29 percent down this year as US has barred Huawei from acquiring crucial components such as microchips
Chief financial officer Meng Wanzhou, the daughter of Huawei founder released this year after spending three years under US extradition warrant house arrest in Canada
The revenues rose by $720 million, or 12.8 percent, in 2021 compared to 2020 when they were $5.6 billion.
A total of 20,649 vessels flowed through the canal last year, an increase of 10 percent compared to 18,830 vessels in 2020
The total net load through the canal in 2021 was 1.27 billion tons, against 1.17 billion tons in 2020: a difference of 8.5 percent
Several countries in the region have already formed AI policies to support their national goals after this technology demonstrated its...
The Middle East AI market is growing at a rate of 20-34 percent per year, according to a PwC report
Saudi Arabia is lavishing $500 billion on the NEOM’s project, which will offer ultra-connectivity, and is trialing air-taxis
The US had asked them to delay 5G rollout by 2 weeks.
The US introduction of the high-speed mobile broadband technology had been set for December 5
It was delayed to January 5 after concerns were raised that the new system might interfere with alitmeters
Several world leaders and dignitaries who attended the Dubai Expo 2020 have hailed the mega event as "a beacon for...
The Expo will host the first Global Goals Week to be held outside of the United Nations in New York from 15-22 January.
It will be the seventh Theme Week held under Expo’s flagship Program for People and Planet, helping to drive positive action.
Abu Dhabi Airports marked the 40th anniversary of the inauguration of Abu Dhabi International Airport (AUH) on Sunday, local media...
The Airport was inaugurated on 2nd January 1982, with Etihad becoming the national carrier and the home airline in 2003.
AUH launched the Smart Travel System in 2016, the first of its kind in the region, to ease passenger processing and experience.
Egypt's Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic and a six-day...
Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 percent of global maritime trade and is a source of much-needed foreign currency for Egypt.
The number of ships using the canal rose from 18,830 in 2020 to 20,694 in 2021, or more than 56 ships per day.