Economy - TRENDS MENA

Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...

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
Amman, Jordan--A government-sponsored program in Jordan has helped place 20,000 people into private sector jobs since its launch in April...
The government program aims to provide 60,000 job opportunities in accordance with the private sector's demand
More than 50,000 job seekers registered for the program, 26,258 of whom were female and 26,885 of whom were male
New Delhi, India--Japanese Prime Minister Fumio Kishida arrived in India on Monday for talks expected to focus on deepening trade and...
Japan PM's visit comes in the wake of Australian PM's trip to India, which also saw talks centering around China and trade
India and Japan are expected to announce initiatives on clean energy, digital trade and infrastructure
The PIF-owned firm looks to deepen investment in recycling.
According to Saudi Press Agency, the deal is intended to support the company's plan to establish partnership with the private sector
The agreement between the two groups was signed on the sidelines of the Private Sector Forum, which was held from March 14 to March 15
Manama, Bahrain: Aerolam Middle East and Titan Company are set to launch their operations in Bahrain with a total investment...
Titan is gearing up to launch Tanishq in Bahrain, backed by a franchise partner from India, with a total expected investment of approximately $30 million
The volume of trade between the two countries with a focus on financial services and logistics has increased by 30 percent since 2018, reaching $1.4 billion in 2022
Riyadh, Saudi Arabia--Saudi Arabia and Turkey have signed three agreements in the industrial sector during the Turkish Export Products Trade...
The trade fair is designed to introduce the Turkish products and services to the Saudi market
Trade exchange between Saudi Arabia and Turkey in 2022 amounted to about $5.86 billion
Renewing their commitment to "continuing to strengthen bilateral relations", Egyptian President Abdel Fattah al-Sisi met with a senior Russian delegation...
The Russian delegation's visit came two days after the Hague-based International Criminal Court announced an arrest warrant for Putin on the war crimes
Before the outbreak of war, which has entered its second year, 85 percent of Egypt's wheat imports were sourced from both Russia and Ukraine
The central banks will step up so-called swap line operations, which give non-US central banks greater access to dollars. "To...
The special drive will be launched Monday by the Fed and the central banks of Canada, the UK, Japan, the EU and Switzerland
The announcement came hours after Switzerland brokered the UBS takeover of its troubled Swiss rival Credit Suisse
The Kingdom is making significant investments in new economic sectors, including mining, tourism, and information technology, particularly the electronic games...
The Kingdom is making significant investments in new economic sectors, including mining, tourism, and information technology, particularly the e-game sector
Saudi Arabia, which is seeking alternatives to crude oil revenues, is planning to invest US$37.8 billion in electronic gaming initiatives and programs through PIF