Economy - TRENDS MENA

SHARJAH, UAE - The Sharjah Social Security Fund (SSSF) has allowed the possibility of acquiring the service period for insured...
This move aligns with the fund's strategies aimed at enhancing the well-being of employees and providing them with opportunities to boost their pensions.
The fund said it is allowed to procure the service period for insured employees after they have completed a minimum of 20 years of actual service.
Hong Kong - The Saudi Arabia-China Entrepreneurs Association (SCEA) has signed a Memorandum of Understanding (MoU) with the Hong Kong...
The MoU between SCEA and HKTDC aims to fortify commercial ties, particularly aiding startups and service providers eyeing global expansion.
The agreement was signed during the eighth Belt and Road Summit, a two-day event themed "Ten Years of Cooperation for Mutual Benefit".
Washington, US--The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector,...
The IMF intends to exhort Beijing to shift its growth model away from debt-fueled infrastructure investment and real estate
In July the IMF forecast China's 2023 growth rate to hover at 5.2% and 4.5% in 2024 but warned it could be lower
Several aid organizations have warned of the outbreak of disease in the port city of Derna, after Sunday's flood submerged...
Islamic Relief has warned of a second humanitarian crisis from water-borne diseases and shortages of food
The UN has made an appeal for more than $71 million to assist hundreds of thousands in need
TRIPOLI, LIBYA - Over a decade of bloody power battles in Libya have resulted in vital infrastructure falling into disrepair, culminating...
Libya has been wracked by conflict and division ever since a NATO-backed uprising toppled and killed longtime dictator Moamer Kadhafi in 2011.
Tripoli-based prime minister blamed the tragedy on the absence of adequate development plans and the "effect of the years" on the dams.
The International Monetary Fund renewed its criticism of Lebanon for failing to enact reforms demanded by creditors in return for...
In April 2022, Lebanon and the IMF reached conditional agreement on a $3-billion-dollar loan package to bail out the economy.
But politicians have yet to enact the painful reforms demanded to begin the 46-month financing program.
DUBAI, UAE - A total of 2,329 real estate transactions worth over US$3.4 billion (AED 12.7 billion) were conducted during...
A total of 549 plots were sold for US$1.1 billion, while 1,780 apartments and villas were purchased for $1.07 billion.
A plot in Marsa Dubai sold for US$169 million while a plot sold for US$49 million in Business Bay.
HANOI, VIETNAM - A delegation of 80 Saudi businessmen, representing over 50 companies, and representatives from national specialized bodies and...
The visit aims to explore investment opportunities, enhance trade, investment and industrial cooperation between Saudi Arabia and Vietnam.
The visiting delegation was briefed on the production lines at Zamil Steel Building Vietnam Co and witnessed the skill of the workers.
TEHRAN, IRAN – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to...
Qatar has been a mediator in talks that led to a prisoner exchange deal between Iran and the United States.
The deal involves the release of five prisoners from each side and the unfreezing of some US$6 billion worth of Iranian funds.
Riyadh, Saudi Arabia - A substantial 62% of employees in Saudi Arabia are eager to acquire improved digital skills in...
The findings also exposed a troubling trend, with 45% of respondents expressing concerns about job security due to their perceived lack of IT competencies
The survey also highlighted a specific group within the workforce most apprehensive about job security – department heads and top managers