Economy - TRENDS MENA

Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this...

Tehran, Iran - Iran and Turkey have traded $1.379 billion worth of goods in the first quarter of 2023, according...
Eurostat also reported a 17 percent decrease in Iranian gas exports to Turkey, totaling 1.567 billion cubic meters in the same period
The two nations have set a target of $30 billion in annual trade and to achieve this, both governments have been working to remove trade barriers
Rabat, Morocco-- Seeking to deepen its investments in Morocco, which stood at US$14 billion at the end of 2021, the...
Having invested US$14 billion at the end of 2021, the UAE is the largest Arab investor in Morocco and second in the world
The UAE and Morocco will double the volume of trade and investment during the next few years and also ramp up cooperation in many sectors
Its net profit soared 33% to US$7.49mn for Q1 of 2023.
Its EPS stood at QR 0.107 at the end of March 31, 2023 as against EPS QR 0.080 for the same period in 2022
Qatar Islamic Insurance reported a 7.16 percent jump in the net profit to $8.04 million in net profit in the first three months of 2023
Dubai, UAE - The UAE government has launched a comprehensive guide for the adoption of generative AI applications in the...
The guide provides a comprehensive exposition of generative artificial intelligence, explores the challenges and opportunities inherent in diverse digital technologies
The guide showcases 100 use-cases of generative AI, including image and video synthesis, language translation, music composition, and text creation
Abu Dhabi, UAE--The emirate of Abu Dhabi is looking to draw some 24 million visitors by the end of 2023,...
In 2022, the Abu Dhabi hotel occupancy rate touched 70 percent as 18 million visitors trooped into the emirate, posting a 13 percent jump
The emirate received the highest number of international visitors from India, Saudi Arabia, the United Kingdom, and the United States
BRUSSELS, BELGIUM - In the European Union countries, 75 percent (193.5 million) of people in the 20-64-year- age group were...
The employment rate in the EU dropped to 72 percent in 2020 due to the COVID-19 pandemic.
In 2022, the EU over-qualification rate was 22 percent, with 21 percent for men and 23 percent for women.
Iran's parliament voted in an impeachment session to remove the industry minister amid soaring prices as the Islamic republic's economy...
The vote came with the economy battered by Western sanctions, rampant inflation and depreciation of the rial against the dollar.
Defending the minister ahead of the vote, President Ebrahim Raisi had urged "stability in the management of this ministry".
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) affirmed its commitment to achieve the 'We the UAE 2031' vision...
"We harness all capabilities, technologies and digital solutions to strengthen the skills of our employees," DEWA CEO said.
"We consider employees the main pillar for strengthening DEWA’s position as one of the most prominent utilities in the world," he said.
The Frankfurt-based institution has already lifted rates 3.5 percentage points since July last year to tame energy and food costs...
Currently many analysts are betting on a quarter point hike from ECB, due to slowing inflation as well as a stable outlook in the 20-nation currency club
A day ahead of the ECB's announcement, the US Federal Reserve is set to unveil its latest rate decision, with traders expecting another quarter point hike
Its economy grew 4.5 percent in the first three months of the year as the country reopened after dropping strict...
Its PMI dropped to 49.2 in April from 51.9 in March, and below the 50-point mark that separates expansion and contraction in activity, data from NBS showed
The March reading was the highest since May 2011, as the country saw a surge in demand for travel, entertainment and other leisure services unavailable for nearly three years