Economy - TRENDS MENA

US consumer inflation slowed in March lessening the pressure on the Federal Reserve to maintain its aggressive posture to cool...
Bureau of Labor Statistics report is the latest evidence that the Fed's streak of interest rate hikes over the last year is weighing on economic activity.
While US labor market data has remained solid, recent reports on manufacturing and the services sector have shown signs of slowing.
Multi-day weddings, feeding the bereaved and homemade bread are all becoming things of the past in rural Egypt.
In a year, the Egyptian pound has lost nearly half of its value, pushing consumer prices to more than double in the import-dependent country.
Weddings in Nubian villages -- renowned for their long extravagant parties -- are no longer three-day, nine-meal affairs to which the entire town is invited.
Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International...
In the US, government debt as a percentage of economic output is expected to surpass its pandemic-era peak by 2027.
China's debt burden is forecast to be almost double its pre-pandemic levels by 2028, the IMF said.
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) received the 'Best RPA Excellence Award' during the Future...
RAKEZ has embarked on its automation journey by utilizing virtual bots to handle visa-related services.
These virtual bots have successfully reduced the time needed for some of the processes by 1.5 days, completing them within 12 hours.
DUBAI, UAEI--Dubai saw remarkable growth in medical tourism in 2022 with 674,000 medical tourists spending $270 million in the year....
Some 39 percent patients came from Asian countries, 22 percent from Europe and the Commonwealth of Independent States, and 21 percent from Arab and the GCC
The head of Dubai Health Authority attributed the arrival of medical tourists to the city's ability to provide quality acre, making it the top healthcare destination
The proposed rules set aggressively low standards for emissions of greenhouse gases and criteria pollutants, which is expected to lead...
The proposal -- which will next be open to a public comment period -- is the latest in a series of steps under Biden, a Democrat, to help put EVs on track for mass adoption.
Electric vehicles accounted for 5.8 percent of the US market for new vehicles in 2022, up from 3.2 percent in 2021, according to Cox Automotive.
Washington, United States--The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund's chief economist told AFP...
Following the fast reopening of the global economy after the Covid pandemic, prices around the world have risen exponentially
Inflation in many countries in the world has remained well above the two percent target, despite central banks raising interest rates
It edged out its rival Airbus by just three aircraft.
In order to reach its target of 720 units for the year, Airbus needs to picke up the pace in order to go past the 661 number in 2022
In mid-March Boeing restarted deliveries of its long-haul 787, which were temporarily halted at the end of February by the Federal Aviation Administration
In the wake of the fall of Silicon Valley Bank, the US Federal Reserve should be cautious in setting interest-rate...
Since March last year, the Fed has raised interest rates by almost five percentage points, tightening monetary policy in a bid to dampen demand and slow price increases
The Fed continued with another 25 basis-point hike last month despite the turbulence in the financial markets caused by the rapid collapse of SVB
The IMF predicted the global economy will grow by 2.8 percent this year and three percent in 2024, a decline...
The IMF expects global inflation to slow to seven percent this year, down from 8.7 percent last year, according to the WEO forecasts.
Close to 90 percent of advanced economies will experience slowing growth this year, while Asia's emerging markets are expected to see a substantial rise in economic output.