Economy - TRENDS MENA

US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies...

Brussels, Belgium--The European Investment Bank today pledged $535 million in earthquake reconstruction and recovery package for Turkey and Syria at...
The reconstruction package is meant to restore basic living standards for more than 1.7 million refugees hit by the earthquake
It will focus on Turkish regions devastated by the earthquake and is designed to enhance support for restoration of basic infrastructure
SRC is looking to expand its refinancing portfolio.
SRC said that the agreement is the latest in a series of similar deals to support mortgage financiers and originators
It will provide liquidity, capital management, and balance sheet de-risking solutions to enhance real estate financiers’ capacity
The UN has confirmed that Yemen's Houthi rebels and its internationally recognized government have reached an agreement to exchange more...
According to UN special envoy to Yemen Hans Grundberg, the parties "agreed on implementation plans to release 887 conflict-related detainees from all sides"
It is almost a year since the Houthis said they had agreed to a prisoner swap that would see 1,400 rebels freed in exchange for 823 pro-government fighters
The New Companies Law simplifies the procedures to set up foreign businesses in Saudi Arabia, and removes several restrictions, says...
The New Companies Law simplifies the procedures to set up foreign businesses in Saudi Arabia, and removes several restrictions, James Swallow of PRO Partner Group tells TRENDS
Since the new law's implementation, there has been considerable interest from companies to operate and invest in the Kingdom, says Swallow, adding that is generating employment
Days after SVB's collapse this month, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) announced that its...
In the 2008 financial crisis, authorities spared shareholders and bondholders, said David Smith, professor of commerce at the University of Virginia
But "there's no bailout" this time in the sense that officials are protecting depositors rather than shareholders and bondholders, Smith said.
Firm said non-monetary factors played a role in earnings.
Western powers have imposed sanctions against Russia due to the Ukraine war.
Rosneft said that the profit level forms a solid basis for paying dividends.
UN Secretary General Antonio Guterres called on wealthy countries to move up their goals of achieving carbon neutrality as close...
Most rich countries have set their goal at 2050 but some are more ambitious, like Finland (2035), or Germany and Sweden (2045).
Leaders in emerging economies must commit to reaching net zero as close as possible to 2050, he said without naming any specific nation.
FRANKFURT, GERMANY - The European financial system is "resilient" and has sufficient liquidity, the European Central Bank said Monday, as banking...
Switzerland announced that UBS would buy Credit Suisse for $3.25 billion, in a bid to prevent economic turmoil from spreading.
ECB, European Banking Authority, EU's Single Resolution Board said they welcome the actions of the Swiss authorities to ensure financial stability.
Signature Bank was seized by the Federal Deposit Insurance Corporation (FDIC) a week ago after it imploded in the wake...
Flagstar Bank, a subsidiary of New York Community Bancorp, will take over all the deposits and some loan portfolios of Signature Bank, the regulator said in a statement
The collapse of SVB, Signature Bank and fellow regional lender Silvergate has sparked fears of contagion across the industry as worried customers withdraw their cash
Teams have been dispatched to determine the source of the leak and contain the incident, Al-Amer said, declining to give...
The emergency followed an "oil leak in the west of the country", the state-owned company said in a statement
Kuwait is a major oil-producing country where nearly 90 percent of government revenues come from oil