Economy - TRENDS MENA

The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30...
The authors of the study said both taxpayers and fossil fuel giants would likely be liable for the costs of plugging and abandoning the wells.
The process includes encasing the opening in concrete to stop oil and the potent greenhouse gas methane from leaking out.
ABU DHABI, UAE - Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to...
The total value of the project, financed by several Arab and international financing institutions, is US$320 million.
The main objective of the project is to provide potable water to around 92 cities and villages in Mauritania.
ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has been appointed as a primary...
This new program has been launched by the federal government of the UAE, through the Ministry of Finance (MOF).
The program aims to issue Sukuk through Shariah-compliant structures as approved by the Higher Shari’ah Authority.
DUBAI, UAE - The private sector and financial institutions in the Middle East should enhance reporting by including information about how...
The report indicates that almost half of the Middle East's GDP is either highly or moderately dependent on the environment.
Middle East faces a number of environmental challenges specific to the region, including scarce water resources and desertification.
Tehran, Iran – Iran’s trade with BRICS member states reached 47.99 million tons worth $38.43 billion in fiscal 2022-23. In...
In fiscal 2022–23, Iran's trade with the BRICS nations—Brazil, Russia, India, China, and South Africa—amounted to 47.99 million tonnes worth $38.43 billion
China was Iran’s main trade partner among BRICS members with 35.55 million tons (up 8.71 percent) worth $30.32 billion (up 37.41 percent) of exchanges
Amman, Jordan-- With an eye on boosting its exports to North America, a range of companies from Jordan will showcase...
Jordan Exporters Association in a statement said that the kingdom's enterprises will network with customers from Canada and other countries at the fair
JEA President Ahmed Khodari said industrial exports play a vital role in advancing the country's economy by boosting output and growing existing investments
Tehran, Iran--The 13th government has been able to export goods worth more than $50 billion since taking office, breaking the...
The president speaking at the fifth Export Potential Exhibition of the Islamic Republic of Iran applauded the country's achievements in medical and health sectors
He said that in spite of obstructions created by "enemies" to hinder Iran's military, nuclear, and scientific goals, it had succeeded in building defense and nuclear industries
Riyadh, Saudi Arabia--Saudi Arabia is keen to deepen trade and economic ties with Italy from the current volume of trade...
The Saudi delegation held meetings with Italian officials and government and private agencies to discuss ways to boost the volume of trade and investment
The visiting investors took part in the Saudi-Italian Business Forum in Milan, attended by 300 business owners and representatives of government agencies
The insurance firm's net profit fell to US$12.36 million.
Its earning per share amounted to QR 0.051 as of March 31, 2023 as against QR 0.068 for the same period in 2022
The insurance company also reported a profit drop in the third quarter of 2022, compared to the same period in 2021
The railway track will connect Iran's southwestern town of Shalamcheh with Basra in Iraq in what will be the first...
The laying of railway line has been long in the making, with two MoUs having been signed in 2011 and 2013, but the project was halted due to legal and economic problems
Considered to be a strategic event in the region, the new MoU came about after the current governments of the two countries evinced a renewed interest in the project