Economy - TRENDS MENA

Dubai, UAE -- The World Price Index of the Food and Agriculture Organization of the United Nations (FAO) fell last...
The World Price Index drop was driven by the lower cost of sugar, vegetable oils, cereals and dairy products.
The FAO Cereal Price Index fell 2.1 percent in June compared to the previous month, with prices of corn, barley, sorghum, wheat and rice declining.
BAGHDAD, IRAQ - Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Friday stressed the importance of...
The two discussed the oil and gas sector and stressed on the importance of supporting gas and renewable energy investment projects.
The two leaders discussed on the development of the oil and gas sector in Iraq and its role in the country's economy.
Asian stocks tumbled again after another round of strong US data reinforced expectations the Federal Reserve will resume its interest...
Minutes from the Federal Reserve's last meeting showed officials plan to ramp up borrowing costs again this month.
Equity-buying sentiment was hammered again by news that US private firms created twice as many jobs as expected in June.
Dubai, UAE -- Kuwait ranked third and Qatar 22nd on the list -- prepared by the World of Statistics --...
About 15 percent of Kuwaitis were millionaires, after Hong Kong's 15.3 percent and Switzerland, which had the highest number of millionaires (15.5 percent) in the world.
According to the World Wealth Report 2022, the average net worth of a millionaire in Kuwait is $2.9 million.
“The phase down of fossil fuels is in-evitable. It is in fact essential. But it cannot be irresponsible. We must...
Dr. Sultan Al Jaber, the COP28 President-Designate, highlights the need for comprehensive decarbonization and an urgent shift towards a new clean energy system
The COP28 President-Designate also insists on responsible management of the fossil fuel phase-down, emphasizing energy security, accessibility, and affordability
The new British sanctions regime will expand existing penalties imposed by creating new criteria under which individuals and entities can...
Foreign Secretary James Cleverly said sanctions against Iran over alleged human rights violations and hostile actions against its opponents on UK soil will expand
Iran's foreign ministry considered the statements and positions of the British authorities as well as the recent sanctions... as an illegal and interventionist action
Dubai, UAE - The United Arab Emirates (UAE) pledged on Thursday $15 million to support the rebuilding efforts in the...
The funds will be channeled through the UNRWA to aid the organization's operations and extend assistance to affected Palestinian families
The UAE's decision to provide aid to Jenin could be seen as an effort to strengthen its relations with the Palestinian Authority
The Kingdom's unemployment rose to 8.5% in the first quarter of 2023, up from 8% in Q4 2022, driven by...
The Kingdom's unemployment rose to 8.5% in the first quarter of 2023, up from 8% in Q4 2022, driven by a notable increase among women to 15.7%, according to an official report
In Q1, Saudi Arabia witnessed a 0.5% drop in youth unemployment, while joblessness among those aged 25-54 rose to 7.8%, adds the report of Saudi General Authority for Statistics
BEIRUT, LEBANON - The vice-governors of Lebanon's central bank plan to resign unless politicians swiftly name an incoming governor, two senior...
The term of embattled three-decade chief Riad Salameh ends this month with no successor in sight, setting the stage for a leadership crisis.
"Unless the political class names a successor, the vice-governors will resign before (Salameh's) mandate ends" on July 31, an official said.
LONDON, UK - Shell's chief executive told the BBC on Thursday that cutting gas and oil output would be "irresponsible" because...
The official warned that strengthening demand from China and cold winter weather in Europe could send energy prices and bills surging.
Domestic electricity and gas bills sky-rocketed after key energy producer Russia invaded neighboring Ukraine early last year.