Economy - TRENDS MENA

Tunisia reached a deal in principle in October with the IMF for nearly $2 billion to shore up its sinking...
EU leaders including Italian Prime Minister Giorgia Meloni have warned of the risks of an economic collapse which could drive more people to cross the Mediterranean Sea.
Migrants from across Africa and Tunisia itself regularly use Tunisia's coastline, less than 150km from the Italian island of Lampedusa, to reach Europe.
ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of ADNOC, announced on...
The gas carriers will be owned and operated by AW Shipping, an ADNOC L&S joint venture with Wanhua Chemical Group.
VLGCs transport liquefied petroleum gas and will provide ADNOC L&S greater flexibility to meet growing global gas demand.
Berlin, Germany--Inflation in Germany eased to 7.4 percent in March, mainly thanks to government measures to bring down energy prices, final...
In March food prices continued to rise by 22.3 percent, up from 21.8 percent in February and 20.2 percent in January
In order to help bring energy prices down until 2024, including a cap on gas and electricity prices, Germany has committed $200 billion
Even before the roasting summer months, the soil is dry and dusty in the small Mediterranean country, whose water resources...
At a time when the global cereals market has been disrupted by Ukraine war, Tunisia's domestic grain production has also withered under a lack of rainfall that has killed off crops
UTAP has called on the government to urgently announce a drought and state of water "emergency" and has demanded a "clear strategy" to boost Tunisia's water reserves
It has sold more than US$7bn of its shares since early 2023.
The Japanese investment titan, an early investor in the Chinese internet giant founded by Jack Ma, started offloading its shares last year
Alibaba like other leading Chinese tech firms has been badly impacted by a regulatory crackdown on the industry starting in 2020
Washington, United States--World Bank member countries have endorsed measures allowing a $50 billion lending boost over the next decade, its outgoing...
US Treasury Secretary Janet Yellen exhorted World Bank to continue taking on added reform measures this year
Outgoing World Bank president David Malpass said discussions with shareholders this week have "yielded signs of progress"
Cairo's foreign reserves fell by about 20 percent in one year to $34.45 billion -- about $28 billion of which...
Sisi has been courting Gulf leaders as Egypt grapples with economic turmoil that has seen inflation shoot up to nearly 34% and the local currency halve in value
Egypt was hit hard by the impact of Russia's invasion of Ukraine last year, having heavily relied in wheat imports and revenues from tourism from both countries
Under investigation both at home and abroad on suspicion of fraud, money laundering and illicit enrichment, Riad Salameh has been...
Speaking to the media, the first judicial official said that Judge Ghada Aoun will lift the travel ban on Riad Salameh tomorrow
Lebanon is also investigating Salameh on suspicion of financial misconduct including possible embezzlement, money laundering and tax evasion
Jump in sales across all regions, including China.
LVMH became Europe's most valuable company in January when its market capitalization soared to US$440 billion.
The United States had a steady performance while "Asia experienced a significant rebound following the lifting of health restrictions".
The global economic slowdown and swelling interest rates are pummeling debt-ridden developing countries, the UN warned, urging bold global action...
Rate increases in the US and other wealthy countries may cost developing countries over US$800 billion in lost income by 2025.
UNCTAD said it now expected global GDP growth of 2.1 percent in 2023, down from 2.2 percent it forecast in September last year.