Economy - TRENDS MENA

Fed Chair Jerome Powell stressed that the central bank remains "strongly committed" to maintaining its independence from politics, however, when...

Xu Jiayin, who is known as Hui Ka Yan in Cantonese, was taken away by authorities earlier this month, according...
Evergrande stocks in Hong Kong fell precipitously on Wednesday afternoon following a moderate rise in morning trading, closing the day 19 percent down
Chinese property developer Evergrande's enormous debt has contributed to the country's deepening property sector crisis, raising fears of a global spillover
Dubai, UAE - Israel's energy minister and the CEO of the UAE's renewable energy firm, Masdar, have met to advance...
Jordan will provide solar energy generated from a UAE-funded facility to Israel and in return, Jordan will receive desalinated water from Israel
The goal of the agreement is to address Jordan's pressing need for water while helping Israel diversify its clean energy sources
The former Mastercard chief executive told the Council on Foreign Relations in New York that the bank should alter its...
Banga has previously called on World Bank to collaborate more closely with the private sector to meet the enormous costs associated with climate change mitigation and adaption
On Tuesday, Banga said the bank should carefully target where it wants to encourage private investment to help cap carbon emissions in order to have the biggest impact
According to the country's economy minister, around 1.5 million acres of public land -- nearly the size of Kuwait --...
It hopes to harness green hydrogen -- the kind made without burning fossil fuels -- for its sizeable fertilizer sector
Hydrogen is seen as a clean energy source that can help the world reduce atmospheric carbon emissions
Tehran, Iran-- Iran will sign a long-term contract with India to develop Chabahar Port, according to the Islamic republic's minister...
The Iranian minister said that a long-term contract to operationalize Chabahar Port will be signed with India in the near future
He said that in order to develop the country's transit, it is important to develop north-south corridors with a rail connection
It invested the money to be a big supply chain player.
DP World's CEO, Sultan Ahmed bin Sulayem, made the remarks during the 21st Arab Media Forum in Dubai, at a session titled ‘Trade in a Changing World’
He said the company made the switch from operating ports to becoming a global leader in smart end-to-end supply chain logistics, facilitating worldwide trade flows
Facing tourism seasonality challenges, the region diversifies offerings, enhances infrastructure, and collaborates, for year-round success despite temperature fluctuations.
The Middle East combats tourism seasonality and temperature challenges with innovative strategies for consistent year-round appeal
Using diversified tourism, improved infrastructure, and collaboration, destinations can maximize off-peak season benefits in the region
French President Emmanuel Macron's special envoy urged Lebanese factions to find a "third way" for electing a new president, warning...
Lebanon has been without a president for almost a year after ex-head of state Michel Aoun's mandate expired.
Lebanon's president is elected by parliament, where neither side has a majority, rather than by universal suffrage.
DUBAI, UAE - The Public Debt Management Office (PDMO) of the Government of Dubai's Department of Finance (DOF) announced a...
The achievement has been realized within a year and a half since the establishment of the office in 2022.
This includes a full redemption of Sukuk certificates worth $898 million, the repayment of bilateral and syndicated facilities totaling $1.4 billion.
RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom. The bilateral agreement, signed...
The bilateral pact allows Chinese citizens to travel to Saudi Arabia in group tours in addition to facilitating greater ease of access.
ADS will drive greater connectivity between Saudi Arabia and China and unlock new opportunities across the tourism ecosystem.