Economy - TRENDS MENA

It will acquire a portfolio of towers in Europe for US$1.3bn.
According to a statement, Tawal infrastructure, an arm of Saudi Telecom will pay cash for a host of more than 4,800 towers in Bulgaria, Croatia, and Slovenia
A few media reports said that it was close to a deal to buy the assets from United Group, which is backed by buyout firm BC Partners
SHARJAH, UAE - India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank...
Iron and steel rank among the top commodities exported from the UAE to India.
India is among UAE's most vital trade partners, with substantial mutual investments.
MIYAZAKI, JAPAN - With hunger levels rising and food prices soaring in most of the world, collective actions are necessary...
Trade continues to be key for global food security and all nations must commit to well-functioning markets and transparency, FAO said.
"We need to work together in an efficient, effective and coherent manner to identify the solutions," FAO added.
To meet the estimated energy demand from hydrogen and electric aircraft in 2050 would require the amount of energy produced...
Carbon-free propulsion options, such as battery and hydrogen-powered aircraft, are some of the options the aviation industry is pursuing.
Airports, airlines and others will need to make heavy infrastructure investment to deliver the green hydrogen and electricity the aircraft will need.
LONDON, UK - The UK will conduct its first test of a new emergency alert service on Sunday, with millions of...
The alert system, modeled on schemes in Canada, Japan, and the US aims to warn the public if there is a danger to life nearby.
Emergency services and the government hope to use the system to alert people to issues such as severe flooding and fires.
Beijing, China--Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see...
The property sector was also dented by some homeowners refusing to pay their monthly mortgage payments after getting fed up with developer
China's property sector and construction account for about a quarter of China's GDP and is a key pillar of the country's growth
Paris, France--EU foreign policy chief Josep Borrell called on European navies to patrol the disputed Taiwan Strait, in a opinion piece...
Echoing comments he made last week, Borrell reiterated in the journal Du Dimanche how crucial Taiwan is to Europe
Vowing to bring the island under its control one day, China claims Taiwan as part of its territory
The Kingdom is dedicated to collaborating with international and regional partners to find solutions in the climate sector. Saudi Arabia...
Saudi Arabia aims to increase the percentage of renewable energy to 50 percent in electricity production by 2030, says minister Adel bin Ahmed Al-Jubeir
The Kingdom will produce up to 2.9 million tons of hydrogen annually by 2030 and increase it to 4 million tons annually by 2035, added the Climate Affairs Envoy
The sector across the region, however, needs further improvements in timeliness and tracking and tracing systems, highlights the World Bank's...
The sector across the region, however, needs further improvements in timeliness and tracking and tracing systems, highlights the World Bank's latest Logistics Performance Index
While the UAE ranks fourth globally for logistics with a LPI score of 7, Qatar, Saudi Arabia, Oman, Bahrain and Kuwait are also doing well, the latest report points out
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded first place in UAE Ministry of Energy and...
DEWA was honored for its innovative grid-integrated system which regulates photovoltaic inverters for autonomous voltage.
The approach to innovation, research and development in renewable and clean energy is in line with government strategies, DEWA CEO said.