Economy - TRENDS MENA

Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...

NEW YORK, US - UN Secretary-General António Guterres issued a statement calling for urgent action to protect the environment and...
The UN chief highlighted the crucial relationship between humanity and the natural world.
He called for deeper and faster emissions cuts to limit global temperature rise to 1.5 degrees Celsius.
Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) accounted for nearly 20 percent of...
Arab stock exchanges, according to the Arab Monetary Fund, raked in liquidity to the tune of $10.28 billion last week
ADX’s liquidity shot up by 2.22 percent last week from US$1.489bn to $1.522bn, while DFM’s liquidity surged by 41.4 percent from US$344.4mn to US$486.06mn
Ottawa, Canada--Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion) in subsidies over 10 years...
Terming the funding a "generational investment", Trudeau said that the new plant is expected to generate about Can$200 billion in value
In order to attract auto makers, Canada has made a big push into batteries for electric vehicles, touting tax incentives and clean energy
It posted better-than-expected profit increase to US$2.35bn.
According to a poll by an Indian newspaper, the result exceeded analysts' expectations of slower profit growth of around $2.04 billion
The company's telecom wing reported a 13.01 percent increase in net profit to $574.76 million from a year ago
Signaling its resolve to keep fighting price rises, the US central bank has said that interest rates may need to...
Lisa Cook, Fed governor, said on Friday that overall inflation, and other underlying measures of consumer price increases, remained high
She noted that interest rate hikes would be determined by the impact of the recent financial sector turmoil on bank lending
The entertainment sector, which includes restaurants, cinemas, and theme parks, attracts customers at record rates during the festive period, especially...
Economists expect that the demand for gifts will double, and the demand for recreation will increase during the 11-day Eid holiday in the Gulf country.
Ad campaigns and the doubling of Eidiyah contribute to increasing purchasing power and positively reflect on the performance of the two sectors, they add
London, United Kingdom -- From digital bank Revolut to money-transfer group Wise and payments company Checkout, London is Europe's fintech champion...
Britain's exit from the European Union without an EU-London deal on financial services has complicated access to the gigantic market and talent.
The UK last year saw injections of funds into its fintechs slump by 56 percent to just over $17 billion.
Gross assets of the Islamic banks operating in the country increased to AED620.9 billion as of the end of January...
Conventional banks in the UAE accounted for nearly 83.1 percent of the total assets in the banking sector by the end of Jan 2023.
The Islamic banks’ deposits increased to AED434.1 billion in Jan 2023, an annual increase of 3.1 percent, compared to nearly AED421 billion in Jan 2022.
Cyrus de la Rubia, chief economist at Hamburg Commercial Bank (HCOB), said the indices for the eurozone showed "a very...
Data from the HCOB Flash Eurozone purchasing managers' index (PMI) survey published by S&P Global rose to 54.4 in April from 53.7 in March
Inflation fell to 6.9 percent on an annual basis in March, but is still far above the European Central Bank's two-percent target
The facility will begin producing 10 million cubic metres of gas daily in a first phase - which Erdogan said...
The ceremony comes as Erdogan braces for a tight race on May 14 in what is widely seen as the most consequential vote in Turkey's modern history
In 2020, the country discovered gas reserves off the coast of Zonguldak in the Black Sea region, which Erdogan hailed as Turkey's largest ever natural gas field