Economy - TRENDS MENA

"We are navigating troubled waters," said the OECD's chief economist Alvaro Santos Pereira as he summed up the world's economic...

Princess Iman, the eldest daughter of King Abdullah and Queen Rania, has wed a financier of Greek origin at a...
The groom born in 1994 in Venezuela to a family of Greek origin works as a financier in New York
The princess born in 1996 graduated from Georgetown University in Washington
Significant technology development is going on in the climate space in the UAE, distinguished Professor Laura D'Andrea Tyson tells TRENDS...
Economists expect more interest rate increases and a fairly significant chance of a recession, says Laura D'Andrea Tyson of University of California
The UAE's significant technology development in the climate space will reduce carbon emissions and generate alternative energy, she adds
MANAMA, BAHRAIN - Speaker of the UAE Federal National Council Saqr Ghobash discussed ways to enhance cooperation with First Deputy...
UAE, Ukraine discuss parliamentary cooperation through exchanging visits and enhancing coordination.
The two sides deliberated on improving trade and economic ties between the two countries.
Global economic challenges have led the UAE to review priorities and investment trends, with a focus on five key sectors:...
The UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown.
The IMF expects the UAE’s non-oil economy to grow by about 4 percent in 2023 and accelerate over the medium-term.
The Chinese government has confirmed Yi Gang as governor of the People's Bank of China, against expectations that retirement-age Yi...
At a meeting of China's rubber-stamp national legislature to appoint the country's new cabinet, Yi Gang was confirmed as governor of the People's Bank of China
Xi has stacked the top levels of government with loyalists as he cements his grip on power, with trusted ally Li Qiang confirmed as premier on Saturday
The FDIC on Friday took over SVB, a major lender to the tech world, in the second-largest bank failure in...
It is widely believed that the process of liquidating the bank's assets can drag on for a long time, with no certainty of just how much will be recovered
As per the California Department of Financial Protection and Innovation withdrawal orders from SVB reached a breathtaking $42 billion
Iraq has scuttled a big smuggling operation of bringing into the country a large consignment of three million pills of...
In recent months, Iraqi security forces have ramped up operations against such smuggling bids, with several high-profile drug seizures reported
Iraqi police, a few weeks ago, announced a big seizure of more than six million pills of the stimulant in a major drug bust
Around one-third of countries are likely to go through a recession, Sir Masood Ahmed, President of the Center for Global...
One-third of the world is expected to go through a recession in 2023 due to slowing economies, high inflation, and other factors
Oil-exporting countries are likely to be less impacted, while big importers of oil, gas, food, and fertilizers may face more difficulties
Li Qiang, one of Chinese President Xi Jinping's trusted allies, was confirmed as premier, as Xi cements his influence on...
Li Qiang received nearly every vote from the over 2,900 delegates at the National People's Congress.
Journalists were asked to leave the chamber as deputies, mostly dressed in dark suits, marked their ballots.
Officially closed and put into receivership by US authorities on Friday, SVB was at risk due to a heavy concentration...
SVB's woes are the result of "idiosyncratic stresses and not one that we see as systemic that would affect the banking industry," said CFRA Research's Ken Leon
A note from analysts at Morgan Stanley put it simply, saying, "We want to be very clear here ... we do not believe there is a liquidity crunch facing the banking industry."