Economy - TRENDS MENA

It will slash 2.5% of workforce as a cost-cutting effort.
The firm expects to incur $1.5 billion in costs as a result of the downsizing, including $1.2 billion directly related to the layoffs
According to the company's recent annual report, it put the number of employees at 721,000 in 2022
Doha, Qatar--Doha port received on Thursday the cruise ship MSC World Europa carrying 5,613 tourists and a crew of 2,121....
Qatar's tourism sector has recorded growth in recent years thanks to growing popularity in cruise tourism, making the country a favorite destination
Equipped with latest technology, MSC World Europa is one of the most innovative and eco-friendly equipment in the company's fleet
Consumer behavior is affected by cultural factors, customs, marketing campaigns, advertising, and competitions of merchants and suppliers, which can lead...
Ramadan contributes to revitalizing economic growth, as many investment and industrial firms make huge profits from the increased demand, says a Qatar University's professor
Consumer behavior is hit by cultural factors, customs, marketing campaigns, ad, and competitions of merchants and suppliers, which can imbalance supply and demand, he adds
Urban development projects such as Cube and NEOM are aimed at improving the quality of life and creating a stimulating...
Urban development projects such as Cube and NEOM are aimed at improving the quality of life and creating a stimulating environment for foreign investments in the Kingdom.
The Saudi leadership seeks to establish good infrastructure for urban agglomerations, create an attractive and join the league of best cities in the world for housing
Lebanon and the IMF reached a conditional agreement in April 2022 on a $3-billion-dollar loan needed to save the country's...
The IMF had conditioned the funds on unifying the country's plethora of exchange rates and a reformed bank secrecy law as well as restructuring the banking sector.
Lebanon's meltdown has pushed most of the population into poverty while the political elite, widely blamed for the country's financial collapse, has failed to take action.
Dubai, UAE -- The Securities and Commodities Authority (SCA) and the Abu Dhabi IPO Fund (ADIPOF) have signed a Memorandum...
The MoU was signed by Securities and Commodities Authority and the Abu Dhabi IPO Fund.
The MoU aims to increase the number of IPOs, support local financial markets, and promote the country's economic stability.
MoU will be mutually beneficial to both organizations.
The MoU will enable e& enterprise to leverage MBRSC's expertise in AI.
MBRSC will benefit from e& enterprise’s resources and capabilities.
Trade in such goods grew by around four percent in the second half of 2022, with their combined value hitting...
Global trade surged to a record $32 trillion in 2022 before reversing course in the second half of the year amid deteriorating economic conditions and swelling uncertainties.
UNCTAD said it expected green industries to boom further as countries scale up their efforts to cut emissions and battle global warming.
The acceptance follows years of turmoil for the company.
A consortium led by investment fund Japan Industrial Partners will be taking over Toshiba.
Toshiba produces everything from rice cookers to medical equipment and nuclear plants.
Cairo, Egypt--The World Bank has approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on...
According to the World Bank statement, the program will help create a level playing field for the private sector and to encourage investment and improve resilience to shocks
Over the past year, Egypt's economy has been under severe pressure, after the fallout from Russia's invasion of Ukraine exposed underlying problems.