Economy - TRENDS MENA

Abu Dhabi, UAE-- In 2022, Emiratis represented 74% of the Federal Authority for Nuclear Regulation (FANR) 248 employees. FANR continues...
According to FANR 2022 annual report, the body continues to attract talented Emiratis to meet its business needs, recruiting 22 citizens during the review period
The report said that women comprise of more than 45 percent of FANR's overall workforce and hold leadership positions in key areas of the organisation
Real estate sector remains one of the key business verticals.
Total income for the Group increased by 31 percent from US$422 million (AED 1.55 billion) in H1 2022 to US$552 million (AED 2.03 billion) during H1 2023.
Total shareholder equity increased to US$3.5 billon as of June 30 2023, compared to US$3.5 billion (AED12.84 billion) as of year ended December 31 2022.
Lower oil production, high inflation, tighter monetary policies, increased borrowing costs, and the rising cost of servicing debt continue to...
The GCRI risk score in the MEA region has increased continuously for six quarters until Q1 2023, signaling a deteriorating situation.
UAE, Saudi Arabia, Kuwait and Qatar are among the top five low-risk countries in the region, while Syria, Libya and Yemen are among the 10 high-risk countries.
Riyadh, Saudi Arabia -- Capital market institutions authorized by Saudi Arabia's Capital Market Authority posted a record 29.8 percent increase...
The retained profits in capital market institutions reached a record high of SAR 60.34 billion, an increase of 39.17 percent.
The profits of capital market institutions surged to highest ever SAR 12 billion due to a 26 percent increase in revenues in 2022.
The company’s EBITDA in H1 2023 was US$178 million.
In the July 2022 to June 2023 period, Empower’s consolidated revenue was US$778 million.
Empower CEO said the firm continues to expand investments in its portfolio of assets and infrastructure.
Firm's EBITDA rose 12.7% y-o-y to $127 million in H1 2023.
Burjeel Holding reported revenue of US$599 million, up 13.9 percent y-o-y during H1 2023.
The net profit was attributable to robust topline growth and significantly lower finance costs.
Crude oil is the main revenue source for Libya, which has been torn by more than a decade of stop-start...
The NOC said in a press release it "received official notifications from the Italian company Eni and the British company British Petroleum regarding the lifting of force majeure
NOC had also been notified by Algeria’s Sonatrach that "exploration and fulfilment of contractual obligations in blocks 065 and 96/95 in the Ghadames Basin" had resumed
Cairo, Egypt – In a surprising move, the Central Bank of Egypt (CBE) announced on Thursday that it has raised...
The lending rate was increased to 20.25 percent, and the deposit rate to 19.25 percent
The decision marks the second interest rate hike in Egypt this year, following a 2 percent rise in late March
Legal assistants, programmers, accountants and financial advisors are among those professions feeling threatened by generative AI.
Goldman Sachs analysts see generative AI impacting, if not eliminating, some 300 million jobs, according to a study published in March.
AI is bringing with it a level of apprehension matched by climate change and the Covid-19 pandemic, a therapist said.
RIYADH, SAUDI ARABIA - Saudi Arabia posted a budget deficit of SAR5.3 billion ($1.41 billion) in the second quarter of...
Saudi Arabia, the world’s top oil exporter, recorded a budget surplus of almost $30 billion in 2022.
Total revenues in Q2 stood at US$84 billion, down 15 percent from the same period last year.