Economy - TRENDS MENA

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

The company on Wednesday announced its earnings for 2021 and 2022 -- showing a loss of almost $12 billion --...
Officials called a halt to dealing in China Evergrande New Energy Vehicle Group (NEV) on April 1 last year after it failed to release its financial results
In its financial results posted Wednesday, NEV said its debt hit 183.9 billion yuan ($25.6 billion) at the end of December 2022
Moscow, Russia - Trade turnover between Russia and Africa reached $18 billion in 2022, which is one of the results...
Last year Russia’s trade with African countries in agricultural products increased by 10 percent to $6.7 billion
Russia exported 11.5mt of grain to Africa in 2022, and almost 10mt in the first six months of 2023
Analysts are divided ahead of the Fed's next decision in September, with the so-called "hawks" predicting additional rate hikes in...
Thursday's GDP figure for the second quarter came in above analysts' expectations, a day after the Fed hiked its benchmark lending rate to its highest point for 22 years.
The US central bank also left the door open to additional rate hikes, if needed, to get inflation down to its long-term target of two percent.
Riyadh, Saudi Arabia - Saudi Arabia has positioned itself as a potential world-leading hub for biotech research, development, and pharmaceutical...
The country's strategic move aligns with its ambitious goals of economic diversification and addressing crucial healthcare and food security challenges
With initiatives like the Saudi Human Genome Program and the Saudi Network for Clinical Trials, Saudi Arabia could establish a biotech cluster over the next decade
Riyadh, Saudi Arabia - The Public Investment Fund (PIF) announced on Thursday that it has signed a Memorandum of Understanding...
The MoU builds on the Saudi Omani Investment Company (SOIC), a PIF-wholly owned company, which intends to invest up to $5 billion in Oman
The SOIC recently closed its first investment in Oman as a 20 percent anchor investor in Abraj Energy Services’ IPO
Manama, Bahrain-- for "exceeding the scope of the permit." The owner had exceeded the scope of the permit which was issued...
According to RERA, the owner of the real estate firm had violated the scope of the permit issued to him by the authority
The real estate agency, according to the regulatory authority, had also breached Central Bank of Bahrain's regulations
He was referring to a new IEA report which suggests that universal clean cooking access could be reached worldwide by...
Nearly one in three people globally still cook over open fires or basic stoves, causing significant damage to health, living standards, and gender equality
Air pollution from rudimentary cooking methods causes 3.7 million premature deaths annually, ranking it the third largest cause of premature death globally
Dubai, UAE-- Around 9.1 million people visited the UAE’s Government Unified Digital Platform, U.AE, from the start of 2023 until...
The rise in the average number of pages viewed was 3.52%, compared to the same period last year, according to TDRA
TDRA recently launched the generative AI-supported version of the digital platform, allowing users to obtain government services
The decision by the central banks, in the US and most of the Middle East, to hike interest rates are...
The UAE's central bank raised the base rate applicable to the overnight deposit facility (ODF) by 25 basis points – from 5.15 to 5.40 percent
The decision to raise key rates comes as central banks across the world struggle with the challenge of controlling inflationary pressures
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia was ranked 16 in annual container throughput by the 2023 edition...
As per the industry report, container volumes across the Kingdom’s ports during 2022 were estimated at 10,439,620 TEUs.
The Kingdom’s groundbreaking strides in the global logistics landscape boils down to a host of critical catalysts,