Economy - TRENDS MENA

Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked...

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
A split between Hamas and the PA, which administers the Israeli-occupied West Bank, often leads to disputes over taxation and...
According to the Palestinian Central Bureau of Statistics and the IMF, the poverty rate has reached 53 percent and unemployment has hit 45 percent
Nahed al-Souda, secretary of the clothes traders' syndicate, said a compromise was eventually reached, allowing for the tax-free importation of 600,000 pairs of jeans
Suhail bin Mohammed Mazrouei, Minister of Energy and Infrastructure, said the UAE was keen to widen ties with Uzbekistan in...
Al Mazrouei maintained that the UAE will continue to help Uzbekistan in achieving economic and investment goals
President Mirziyoyev of Uzbekistan praised the UAE for supporting the Central Asian nation in its quest for growth and development