Economy - TRENDS MENA

MUSCAT, OMAN - Oman Ministry of Commerce, Industry and Investment Promotion on Sunday issued an order to regulate the activities...
The order aims at promoting Omani products, establishing new supply chains, supporting national industries.
The ministry pointed out that consumer cooperatives operate under a legal framework to sell goods.
Federal data shows that some depositors at small banks did head for the exits, moving some $120 billion in a...
US banking rules guarantee deposits of up to $250,000, meaning that customers with larger holdings face losses if the bank goes under
Leader Bank can guarantee up to $100 million in deposits from individuals through a technology platform run by fintech company IntraFi
Ras Al Khaimah, UAE--Ras Al Khaimah Economic Zone (RAKEZ) brought in 1,839 new companies in the first quarter of 2023,...
RAKEZ CEO said the reason companies choose the zone was because of its innovative business solutions and aiding enterprises of diverse types
The economic zone also posted high growth in sectors like services, e-commerce, and media companies, highlighting its diverse business landscape
Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has completed preparations to launch its second nanosatellite for remote sensing applications in...
The satellite will blast off from Vandenberg Air Force Base in California and will be launched by SpaceX Falcon 9 rocket
DEWA's Research and Development Centre designed and developed the nanosatellite in cooperation with NanoAvionics in Lithuania
Swiss Finance Minister said that the government had acted in the country's best interests in swiftly arranging the takeover of...
The bank takeover talks were hastily conducted at Keller-Sutter's finance ministry in Bern and the $3.25 billion deal was announced on March 19
The minister said the government would have to analyse what happened in full, and then adapt the regulations on banks considered too big to fail
The latest developments are generating substantial growth opportunities for both local and international service providers in the outsourcing market, a...
The latest developments have generated substantial growth opportunities for both local and international service providers in the outsourcing market, a report points out
The UAE's outsourcing market is expected to reach US$6.8 billion in 2023, while Saudi Arabia's outsourcing market is projected to reach US$5.7 billion in 2027, it adds
“This also opens new horizons for Emiratis to effectively contribute to the UAE's economic development,” adds Farida Al Ali, Assistant...
Collaboration with local HR departments, educational institutions, and private sector companies helps connect with local talent, says a UAE official
This also opens new horizons for Emiratis to effectively contribute to the UAE's economic development, adds Farida Al Ali of the country's MoHRE
Central bankers, finance ministers and participants from more than 180 member countries are expected to gather in the US capital...
In March, the World Bank submitted an evolution plan to be discussed with its development committee on April 12, during the spring meetings.
As global growth slows, the World Bank previously warned that the outlook is especially tough for the poorest economies -- which face sluggish growth driven by heavy debt burdens.
Doha, Qatar-- Qatar Central Bank has reported an increase in international reserves and foreign currency liquidity in March to $65...
At the end of March 2023, balances in foreign banks increased by about $3.29 billion to reach $7.41 billion
Qatar's shares of SDR deposits at the IMF decreased by the end of March 2023 with a value of $38 million
Washington, United States - US Treasury Secretary Janet Yellen expects the world's biggest economy will continue to grow, despite heightened...
Yellen said she is committed to ensuring that all deposits are safe and monitoring banking system conditions
After SVB's collapse, US authorities set out plans to ensure its customers would be able to access their deposits