Economy - TRENDS MENA

Since the overthrow of longtime ruler Bashar al-Assad in December, Syria's new authorities have worked to attract investment for the...

Amman, Jordan-- Jordan and Cyprus are looking to boost cooperation in energy, trade, industry and tourism sectors in order to...
Jordan's king and Cyprus president met at Al Husseiniya Palace, and discussed enhancing cooperation in various fields
The king underscored the need to strengthen bilateral relations and cooperation, especially in energy, trade, industry, tourism
SARAJEVO, BOSNIA AND HERZEGOVINA - Saudi Fund for Development (SFD) Board of Directors Chairman Ahmed Al-Khateeb, laid the foundation stone...
The funding for construction and equipping of the library has been through a US$22 million grant provided by the Saudi Fund for Development.
The new library will act as a central hub to connect the university’s 28 sub-libraries and will contribute towards enhancing its educational capabilities.
Roni Tohme, the Acting CEO, has been confirmed as the CEO.
Tohme brings over 21 years of experience in telecoms and finance to his new role, having previously served as Ooredoo Algeria’s Chief Financial Officer.
During his tenure as CFO, he played a vital role in shaping an agile and lean finance department, contributing to the company’s business transformation.
DUBAI, UAE – UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei launched the National Program for Infrastructure...
Salamah 365 aims to enhance public safety by leveraging innovative solutions and interactive warning systems to rectify identified accident blackspots.
It also aims to implement a locally tailored model of pedestrian crossings, predict floods before they happen by monitoring dams and valleys.
From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in...
Before it, the US giant ExxonMobil saw its second-quarter profits tumble 56 percent to $7.9 billion, while rival Chevron saw a similar fall to $6 billion.
Shell saw a 64 percent drop in net earnings to $3.1 billion, while TotalEnergies fared better with just a 28 percent slide to $4.1 billion.
Rise was driven by a jump in insurance revenue.
The corresponding figure in the same period last year - H1 2022- was US$79.8 million.
The company reported a jump of US$74.9 million YoY in insurance services results.
Amman, Jordan--Jordan’s economy has seen a 47.6 percent increase in investments in the first half of 2023, according to data...
According to data, Jordan's aggregate investments amounted to $844.8 million in the first six months of the year, up from $571 million
The results come close on the heels of the government's initiative to set up a plan to lure new funding streams and boost current ones
Its net profit fell 53.8% in H1 of 2023 to US$0.92m.
Its earnings per share(EPS) declined to reach QR 0.059 as of 30th June 2023 versus EPS QR 0.128 for the same period in 2023
The company posted a 61.7% jump in net profit in 2022, reaching $2.69 million in comparison to a net profit of $1.67 million
Dubai, UAE--The UAE's real estate market has recorded a strong performance across all sectors in the first half of the...
According to the CBRE report, the sector has benefitted from an expansion in the country's non-oil economy
The report added that industrial and logistics sector has seen relatively strong levels of activity during the period
New York, US - Wall Street stocks edged higher early Monday ahead of major economic reports and earnings releases later in...
US equities have continued to trend higher in July behind hopes that the Federal Reserve will soon relent on interest rate hikes
The broad-based S&P 500 added 0.3 percent at 4,593.56, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 14,370.18.