Economy - TRENDS MENA

Abu Dhabi, UAE - UAE stock markets Monday continued to capitalize on improved investor sentiments, with blue-chip communication stocks leading...
Saudi Arabia, as per the report, was the best performing GCC market during the month with a gain of 4.8 percent
The Muscat Stock Exchange was the second-best performing market for the second consecutive month in March 2023
Manama, Bahrain - Bahrain has announced the launch of a Golden Licence, providing incentives and streamlined services to foreign and...
The move builds upon the growing investment attractiveness of Bahrain, which has recently recorded its highest Real GDP growth rate in almost a decade
Companies with major investment projects that will create over 500 jobs, or those with investment value exceeding $50 million, will be eligible for the license
Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive...
Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive tells TRENDS
More than 50 percent of chief information officers in Saudi Arabia are now focused on transitioning their existing business models to digital ones, says an IDC report
A total of 3049 new companies joined DMCC in 2022.
This is DMCC's best performance in Q1 since its inauguration in 2002, marking a 8.4% increase year-on-year.
The best performing sectors for DMCC was its traditional core markets, which showed strong results in businesses from various countries.
The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...
Saudi Arabia and other major oil producers announced Sunday a production cut of more than one million barrels per day.
Russia said it would extend until the end of the year its own voluntary production cut of 500,000 barrels per day.
BEIJING, CHINA - Chinese authorities have begun an investigation into leading US memory chipmaker Micron Technology, a decision Beijing's foreign ministry...
The probe escalates an already fierce battle between US and China for supremacy in the field of semiconductors.
US authorities have in recent years sought to prevent the country's advanced chip technology from being exported to China.
Sunday's move "caught the markets off guard" and reversed recent oil-price gains, noted ActivTrades analyst Ricardo Evangelista. "With the fizzling...
Crude futures surged almost eight percent at one stage after multiple members of the OPEC+ exporters' alliance unexpectedly slashed production
The shock reduction, unveiled Sunday by Algeria, Iraq, Kuwait, Oman, Saudi Arabia and the UAE, will start in May and last until the end of the year
Analysts warn that the economy may start heating up as the government rebuilds huge swaths of Turkey's southeast that were...
The inflation rate slowed for a fifth consecutive month from a high of more than 85 percent, according to the state statistics agency
Erdogan has tried to fight Turkey's inflation by slashing interests rates, the opposite approach taken by central banks in other countries
Tokyo, Japan--Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than...
The quarterly Tankan survey undertaken by the Bank of Japan is seen as the broadest indicator of how Japanese businesses are performing
Business confidence among major manufacturers dropped to plus one from plus seven three months earlier
A joint economic city is going to come up on the Iraq-Jordan border and in this regard an international tender...
The Iraqi-Jordanian Company for Industry, which will carry out the project, urged international companies to make a bid
The economic city is expected to boost trade cooperation between the two countries and achieve integration in many fields