Economy - TRENDS MENA

Dubai, UAE -- The United Arab Emirates Sunday launched Ministry of Finance's Strategic Plan 2023-26 aimed at accelerating government performance...
Sheikh Maktoum bin Mohammed said the UAE will develop and implement sustainable financial policies to promote economic growth.
The plan comprises three strategic goals, six main projects, four main goals and seven additional directives.
The investments are expected to localize partnerships.
The new company will target businesses specialized in offering unique fan engagement activities and transformative sports technology.
This firm will help bolster Saudi Arabia’s position as one of the world’s leading sports and entertainment destinations.
Amman, Jordan--Trade between Jordan and Egypt expanded to $355.43 million in the January-May period of the current year, according to...
The exports to Egypt however showed a decline in the five month period, falling to $63.46 million as against $93 million for the same period last year
There was a fall in the imports from Egypt to Jordan too, declining to $292 million by the end of May, as compared to $333 million last year
Abu Dhabi, UAE - The UAE has unveiled a series of relief measures to support the growth and prosperity of...
Only profits exceeding AED 375,000 are subject to the 9% corporate tax
Only 50% of entertainment expenses are deductible against taxable profits
Muscat, Oman--Oman annual inflation rate reached 0.69 percent by the end of June 2023, according to the monthly consumer price...
Inflation was fueled by the increase in most of the main groups making up the consumer price index and the prices of the food and non-alcoholic beverages
The prices of oils and fats rose by 4. 81%, fruits by 4.3%, other foodstuffs by 3.91%, bread and cereals by 2.34%, and non-alcoholic beverages by 0.67%
"The economies of Iran and Pakistan are inherently complementary. For example, Pakistan can be a supplier of Iran's needs in...
Iran and Pakistan have taken effective measures to expand their economic relations in recent years
Two new border terminals have been opened along the common border between Iran and Pakistan
A US central bank official said that more interest rate hikes "will likely be needed" to bring inflation down further,...
Federal Reserve governor Michelle Bowman's prepared remarks to an event in Colorado also came after a mixed employment report.
She would be seeking "consistent evidence" that inflation is on a meaningful path down toward the Fed's two percent target.
ABU DHABI, UAE - Key UAE government entities have partnered to boost coordination between advanced technology and space sectors. The...
The collaboration aims to further contribute to COP28’s inclusive ecosystem, bringing together major technology companies, global institutions.
It will encourage companies to use the UAE as a base for producing new technologies that can help drive sustainable industrial development.
New Delhi, India--The Comprehensive Economic Partnership Agreement (CEPA) signed with the UAE and operationalized last year is a “special achievement...
The Indian minister was responding to a question by a member of parliament about whether "there are some special achievements of India's foreign policy"
He added that there is a greater integration of the Indian economy with regional and global economies, contributing to a deeper and extensive trade partnerships
Hundreds of protestors marched alongside victims' families demanding long-awaited justice as the country marked three years since one of history's...
There is no headway in the probe three years on, leaving survivors still yearning for answers
Many protestors carrying photograpsh of the victims shouted slogans: "We will not forget"