Economy - TRENDS MENA

London, United Kingdom - Britain on Thursday warned against the threat of protectionism as it slammed the United States for leading...
UK Finance Minister Jeremy Snape said the threat of protectionism is making a comeback in the world in the form of subsidy.
US President Biden has launched $370bn initiative of subsidies for green energy and tax cuts for US manufactured e-cars, batteries.
Gulf countries have substantial financial and other resources to achieve zero- emission goals but they need to identity and address...
The majority (59 percent) said Saudi Arabia will achieve the target first, followed by the UAE (24 percent) and Qatar (11 percent).
Saudi Arabia, Qatar and the UAE account for around 10 percent of the world's annual CO2 collection at 3.7 million tons per annum (mtpa).
The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the...
The move also comes as the EU has sought to slash its dependence on Russian fossil fuels after Moscow cut gas supplies last year.
The figure is a compromise between the 45 percent share for renewables that was sought by EU lawmakers and the European Commission.
Civil society groups and some lawmakers have decried opacity in the tender process and a lack of involvement of the...
Cash-strapped Lebanon announced last week that private company Lebanese Air Transport and Irish firm daa International would partner for the revamp.
Public Works and Transportation Minister Ali Hamieh said the private sector would fund the $122 million project, which would "create around 2,500 jobs."
The move is likely to help regulate supply, bridge the gap between supply and demand, and create more demand for...
The move is likely to help regulate supply, bridge the gap between supply and demand, and create more demand for further development in the Kingdom, says an expert
The real estate sector plays a crucial role in the country's long-term plan to shift its economy away from oil dependence, adds James Elliot-Square of PRO Partner Group
The appointments signal a new phase in the UAE's leadership and its commitment to pursuing economic growth and development while...
Sheikh Mohamed appointed Sheikh Mansour bin Zayed as Vice President and Sheikh Khaled bin Mohamed as Crown Prince of Abu Dhabi
The president also named Sheikh Tahnoun bin Zayed and Sheikh Hazza bin Zayed as Deputy Rulers of Abu Dhabi
The Senate report "describes legacy issues, some from a decade ago," which the bank has sought to address by implementing extensive...
The findings of the two-year Senate Finance Committee probe add to the woes of the Swiss investment bank.
Credit Suisse pleaded guilty in 2014 to attempting to aid and assist US taxpayers in filing false income tax returns.
"Advancing the economic status of women and girls is not only a matter of human rights, justice, and fairness --...
The initiative, launched by Harris, is a mix of US government funding and private sector commitments.
It includes a $60 million fund for women in the digital economy and nearly $400 million from the private sector.
Riyadh's move to partner with the bloc comes less than three weeks after the unveiling of a landmark China-brokered reconciliation...
The Shanghai Cooperation Organization was established in 2001 as a political, economic and security organization to rival Western institutions
Besides China, its eight members include India, Pakistan and Russia, as well as four central Asian countries - Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan
This month Crown Prince Mohammed bin Salman, unveiled Riyadh Air, the new airline which is intended to transform the capital...
Apart from Riyadh Air, Saudi Arabia is also launching NEOM Airlines, to be based in the planned $500 billion futuristic megacity of the same name
The trade group Airports Council International predicts the region's airports will see 1.1 billion passengers by 2040, up from 405 million in 2019