Economy - TRENDS MENA

Beijing, China - The People's Bank of China (PBOC) on Friday unveiled its decision to trim the reserve requirement ratio...
The move marks the second significant RRR reduction by the PBOC this year
Institutions already operating with a 5% RRR are exempted from this change
Riyadh and New Delhi set a new benchmark in global trade and cooperation with 53 deals across diverse sectors and...
Riyadh and New Delhi set a new benchmark in global trade and cooperation with 53 deals across diverse sectors and plans for an economic corridor from India to Europe
Trade between Saudi Arabia and India, valued at US$52 billion, and India's rising economic prominence position makes New Delhi a key strategic partner for the Kingdom
BEIRUT, LEBANON – The secretary general of the Union of Arab Chambers has called for diversified business models to facilitate...
The secretary general of the Union of Arab Chambers said there was a rise in the variety of goods traded between China and the Arab world in recent years.
Arab nations and China cannot simply rely on the traditional pattern of cooperation that emphasizes on imports and exports of products.
TEHRAN, IRAN - Saudi Arabia's Ambassador to Iran Abdullah bin Saud al-Anzi has said that relations between the two countries...
The Saudi envoy expressed satisfaction with his country's ties with Iran and the two sides' resumption of bilateral diplomatic relations.
He said that any pact between Saudi Arabia and Iran will lead to the enhancement of peace and security in the entire region.
According to the credit rating agency, a combination of higher interest rates and production cuts by the OPEC is expected...
The report estimated that the GCC banks will report stronger profitability in 2023
The rating agency expects Saudi banks to achieve a return on assets of 2.2% in 2023
Brussels, Belgium--On Wednesday, Members of European Parliament (MEPs) approved a new law to increase the uptake of sustainable fuels, such...
The EU is looking to prod the aviation sector to use sustainable aviation fuels in order to cut emissions
Sustainable aviation fuels will include synthetic fuels, certain biofuels produced from agricultural or forestry residues
Military transport aircraft from Middle Eastern and European nations, along with ships, have been ferrying emergency aid to the North...
UN has pledged $10 million to support Libya's survivors, including at least 30,000 people it said had been left homeless in Derna
Abdel Fattah al-Sisi, the president of Libya's neighbor Egypt, ordered "the establishment of shelter camps" for survivors of the Libyan disaster
New York, UN - The United Nations Secretary General Antonio Guterres will discuss the revival of the grain deal with...
Antonio Guterres noted that he will hold separate contacts with the representatives of the Russian Federation, Ukraine and Turkey
Russia on July 17 pulled out of grain deal, which was reached a year ago to ensure safe exports of Ukrainian grain across the Black Sea
Baghdad, Iraq-- The UAE and Iraq have held discussions to boost economic, investment, educational, cultural, agricultural, food, technological, and energy...
The officials from both countries discussed deepening economic, investment, educational, cultural, agricultural, food, technological, and energy cooperation
Khalifa Shaheen Al Marar, UAE Minister of State, noted the importance of utilizing the joint committee meetings to explore new opportunities for reinforcing economic growth
Dubai, UAE – The United Arab Emirates and the Organization for Economic Co-operation and Development (OECD) on Wednesday hosted regional...
Global Minimum Tax involves application of a top-up tax on profits when the effective tax rate is below the minimum rate of 15 percent
The forum included a workshop on Pillar 2 of the OECD-led Base Erosion and Profit Shifting Project and the Global Anti-Base Erosion Rules