Economy - TRENDS MENA

Qatar is to expand its scheme to boost the power supply in Syria by paying for deliveries of Azerbaijani gas...

Riyadh, Saudi Arabia -- Saudi Arabia will extend the voluntary 1 million barrels per day cut, announced in July, to...
Saudi Press Agency, quoting an official source from the Kingdom's Ministry of Energy, said the country's production for September 2023 will be approximately 9mpbd.
This cut is in addition to the voluntary cut previously announced by the Kingdom in April 2023, which extends until the end of December 2024.
Acquisition aims to diversify and expand into several sectors.
EIH has cultivated a diversified, innovative, and sustainable investment portfolio comprising over 30 companies across various sectors.
Gewan is a diversified holding company operating in various sectors, including real estate, general trading, hospitality, travel and tourism.
JV will manufacture high-quality copper products in UAE.
As per the agreement, DUBAL Holding will assist with local resources and be a co-investor.
Oriental Copper will contribute its extensive technical, operational, and market expertise.
The new figure comes as Turkey radically shifts its policies since the May election that includes an end to more...
The official rate had been steadily dropping since reaching a more than two-decade high of 85 percent in October last year
The consumer prices skyrocketed by almost 9.5 percent on a month-on-month basis, according to the TUIK state statics agency
Users who registered with the Worldcoin cryptoproject in Kenya were offered 25 free Worldcoin tokens worth about 7,000 shillings ($45),...
The Worldcoin Foundation said demand for a World ID in Kenya had been "overwhelming" and as a precaution, verification services had been "temporarily paused"
Kenya has been battling soaring inflation and a jobs crisis, particularly among the young, prompting many people to flock to register with Worldcoin in exchange for cash
Dubai, UAE--Trade in goods and services amounted to US$ 31 trillion in 2022, a 13% rise year-on-year. According to the...
In 2022, China retained the top position as the top merchandise exporter, but its share fell to 14 percent from 15 percent
Exports of fuel and mining products recorded a 19 percent increase per year between 2019 and 2022, touching US5,158 billion in 2022
The net profit rose to US$39.21m in H1 of 2023.
The company's revenue jumped 10.3 percent to $600 million, reflecting a strong volume and value performance from dates
EBITDA growth was ahead of revenue, up 18.3% year-on-year to $87m, reflecting strong growth in profitability across snacking and water
The talks between Sheikh Mohamed bin Zayed and King Abdullah focused on ways to ramp up cooperation across key strategic...
The meeting between the UAE president and Jordan's king took place at Basman Palace in Amman during the president's official visit to Jordan
The two leaders discussed various aspects of UAE-Jordan cooperation and opportunities to build on the deep, historic ties between both nations
Sovereigns were the key issuers. Fitch said the pricing of most sukuk and comparable bonds continued to be similar and...
Most Fitch-rated sukuk are senior unsecured obligations of the issuer and rank equally with other senior unsecured obligations, including bonds.
Most Fitch-rated sukuk continued to be investment-grade at 79%, with 12.6% of issuers having a Positive Outlook, and 77.5% having a Stable Outlook in Q2.
She adds that the Ministry’s participation in this workshop forms part of its commitment to fostering regional and international cooperation...
The UAE has achieved the highest compliance levels in anti-money laundering, developing an advanced ecosystem in line with global best practices
The Gulf country seeks to foster regional and international cooperation with partners, contributing to establishing a sustainable AML ecosystem