Economy - TRENDS MENA

Profit fell on declining COVID-19 vaccine revenues.
Shares of the pharma giant edged higher as Pfizer CEO touted an "unprecedented" number of new launches.
Revenues fell 29 percent to $18.3 billion following a $10 billion drop from COVID-19 vaccine Comirnaty.
With the Federal Open Market Committee (FOMC) widely expected to raise its base rate a quarter-point on Wednesday, analysts will...
In March, the Fed held off a larger rate hike, instead opting for a quarter-point rise amid a banking crisis unleashed by SVB's collapse.
Like the Fed's previous rate decision, the meeting on May 2 and 3 takes place shortly after one of the largest bank failures in American history.
DUBAI, UAE- DIFC Academy announced a collaboration with PwC’s Academy to offer a globally recognized diploma program aimed at upskilling...
Under the deal, DIFC Academy will offer the UAE Corporate Tax Diploma Program in collaboration with PwC’s Academy.
The program was announced in preparation for the UAE Federal Corporate Tax Law, which comes into effect June 1, 2023.
FRANKFURT, GERMANY - Eurozone banks tightened lending criteria in the first quarter at their fastest pace since the 2011 sovereign debt...
A net 27 percent of banks reported a tightening of credit standards for loans to companies, meaning it is harder for the enterprises to borrow.
Demand for housing loans declined, while there was a smaller decrease in consumer credit and other lending to households.
Consumer prices edged up from 6.9 percent in March, which could further encourage the European Central Bank (ECB) to raise...
Food and drink prices keep climbing, putting pressure on European households, but the pace of the increase slowed to 13.6 percent in April.
The eurozone's core inflation, which excludes volatile food and energy prices, fell slightly to 5.6 percent in March from 5.7 percent a month earlier.
Former president Michel Aoun's term expired in October, with no successor lined up. Countries including France, the United States and...
A caretaker cabinet with limited powers has been at the helm since May last year after legislative polls gave no side a clear majority
Numerous parliamentary votes have been held since October 2022, but no candidate has garnered enough support to succeed Michel Aoun
Cairo, Egypt--Egypt has signed its biggest investment package with Japan aimed at supporting the North African country's transportation development plan....
Egypt will use the money to finance expansion of Cairo's metro, a 30-km stretch of land that would link Egypt’s 6th of October city to the Giza plateau
Japan's investments in Egypt have gone up by 99 percent during 2021-2022, touching $73.7 million as against $37.1 million in the previous year
Dubai, UAE-- The World Free Zones Organisation’s (World FZO) ninth Annual International Conference & Exhibition (AICE) will begun in Dubai...
The two-day event will debate challenges facing global trade and the impact of the Covid-19 pandemic on the global economy
Nearly 600 participants specializing in trade, logistics will come from more than 70 countries to take part in the event
Riyadh, Saudi Arabia-- The Saudi Center for Commercial Arbitration (SCCA) has published the 2023 revised SCCA arbitration rules with effect...
With the publication of revised rules, SCCA court will become fully functional and replace the existing SCCA Committee for Administrative Decisions
According to SCCA, the new rules are in line with international standards in the arbitration industry followed by renowned institutions across the world
Riyadh, Saudi Arabia-- Saudi Arabia is looking to attract some US$26 billion dollars worth of investment in the machinery and...
The investment aims to give impetus to the National Industry Strategy that seeks to widen the industrial base, cut imports by up to 50% and push exports
NIDC, according to the minister, has partnered with the Public Investment Fund (PIF) to create a business model for taking advantage of the investment opportunities