Economy - TRENDS MENA

United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and...

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz, the US Navy said, the second such incident...
A dozen Iranian Navy fast-attack craft swarmed the vessel in the middle of the strait, said a statement from the Bahrain-based US Fifth Fleet.
The troubled but commercially vital Gulf waters, which carry at least a third of the world's seaborne oil, have witnessed a spate of incidents since 2018.
Tiny Lebanon hosts an estimated 250,000 Palestinian refugees, according to UNRWA, the UN agency for Palestinian refugees, while almost double...
Most Palestinians, including more than 30,000 who fled the war in neighboring Syria after 2011, live in one of Lebanon's 12 official camps
In Lebanon, Palestinians' denied right to own property further complicates employment and income generation activities, said director of UNRWA
Dubai, UAE-- Seeking to take advantage of the boom in the Middle East's hospitality sector, Radisson Hotel Group will triple...
The hotel group plans to have 150 properties across the Middle East by the end of the decade, from its current portfolio of 52 hotels in the region
It will open seven properties across Saudi Arabia in 2023 as its intends to capitalize on the surge in religious tourism in the kingdom
A country that describes itself as a "start-up nation" now boasts of higher per capita GDP than many European countries....
Growth in Israel was 6.5 percent in 2022, down from 8.6 percent in 2021 but well above the OECD average of 2.8 percent, and the budget deficit largely contained
Israel's cyber security work has made the sector one of economy's driving forces, with companies such as Check Point establishing themselves as global leaders in IT security
The firm recorded a jump in the net profit to US$3.73mn.
In 2022, Beema achieved gross written premiums of $108 million, an increase of 6.8 percent from 2021
It reported a total shareholders' income of $28.46 million and a total shareholders' profit of $15.54 million in 2022
Preparations for Raisi's visit have been underway for days in the Damascus district housing Iran's embassy, with concrete barriers in...
The visit comes just weeks after Iran's landmark agreement to restore ties with regional rival Saudi Arabia and amid a flurry of diplomacy in the Middle East
Raisi and Assad would discuss "bilateral ties, shared economic and political issues, and positive developments in the region", Syria's state news agency said
Riyadh, Saudi Arabia - Saudi Arabia has approved new rules aimed at boosting foreign investment in the country's securities market. ...
The rules aim to make it easier for foreign investors to enter the Saudi capital market by consolidating regulations governing foreign investment into a single document
They remove several requirements previously placed on Qualified Foreign Investors, including the need to apply for a qualification and assessment agreement
The oil field discovery is set to yield a daily production of up to 100,000 barrels that will help Turkey...
Erdogan said in a speech that Turkey has already begun supplying "high-quality" oil to refinery, with a productivity rate reaching about 100,000 barrels per day
The president said that with reserves worth "tens of billions" of dollars, it will shore up Turkey's energy prospects and contribute to its economic growth
Its consolidated revenues rise to US$3.53bn in Q1 of 2023.
Etisalat by e& added 13.9 million subscribers in the UAE, a 6 percent increase as against the same period of last year
According to Brand Finance, e& has strengthened its position as the most valuable brand in the MENA region
As future job market will be affected by AI, digitization and economic developments, big data analytics, management technologies, and cybersecurity...
As future job market will be affected by AI, digitization and economic developments, big data analytics, management technologies, and cybersecurity will drive employment growth
Slower economic growth, supply shortages, and inflation pose greater threats to employment prospects, says WEF report while highlighting the importance of investing in green firms