Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...
China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures...
DUBAI, UAE - The UAE Regulations Lab has issued a license for an electric cargo aircraft to promote eco-friendly transportation...The license aims at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology.
It also aims at using innovation to redefine the logistics sector's future and its impact on the environment and climate.
Officially pegged at 15,000 to the dollar, the pound was trading at 100,000 against the greenback, dealers said -- a...The currency plunge has triggered price hikes including on fuel, food and other basic goods, with supermarkets this month starting to price items in dollars.
Despite the gravity of the crisis, the political elite, which has been widely blamed for the country's financial collapse, has failed to take action.
The country managed to restrict inflation to 6 percent and sustain jobs despite challenges, the North African nation's Industry and...The country managed to restrict inflation to 6 percent and sustain jobs despite challenges, the North African nation's Industry and Trade Minister Ryad Mezzour tells TRENDS.
Moroccan automotive industry produced 700,00 cars in 2022 and we expect the production to hit 1 million in the next three years, adds Mezzour during the interview
- Most of the MEPs who signed are from Green or left-wing parties. They were joined by non-governmental organizations, including Oxfam,...
A previous landmark deal for a global minimum 15 percent tax on multinational businesses is set to start to go into force this year
French MEP Aurore Lalucq and economist Gabriel Zucman propose a 1.5 percent tax for ultra-rich with wealth of $54 million or more
- Riyadh, Saudi Arabia--Saudi Arabia’s banking sector grew in 2022 on the back of potent revenue growth and is set for...
According to Boston Consulting Group, the kingdom’s banking profits after taxes have grown an average of 7.9 percent per year since 2016
The report argues that in spite of the economic instability worldwide inflation has not been an issue in the Middle East
New York, United States - Oil prices fell over 2 percent in volatile trading on Monday as the collapse of...US West Texas Intermediate crude futures (WTI) dropped $1.88, or 2.5 percent, to $74.80 a barrel. WTI earlier declined to $72.30 a barrel, its lowest price since December
In the past twelve months, the oil market has absorbed the impact of Russia's invasion of Ukraine and the sanctions imposed in response by the United States and the EU
Abu Dhabi, UAE--Commending the UAE for being in the forefront of the drive to improve gender balance in the country,...Iva Hamel of the World Bank said that the UAE has introduced legal provisions to ensure women receive equal pay and to prohibit gender-based discrimination in the workplace
She lauded the UAE for becoming the first country in the Middle East and North Africa to implement parental leave for fathers
Washington, United States--President Joe Biden sought to reassure Americans over the country's financial system Monday as more US banks and leading...Biden told Americans in a brief White House address that they can have confidence that the banking system is safe
The president while reassuring SVB depositors that they will get their money back, said "no losses will be borne by the taxpayers"
Banking experts have been among those alarmed at the rapid collapse of SVB, the country's 16th biggest bank by assets...The Federal Reserve announced Monday plans for a "thorough, transparent and swift" review of the supervision of SVB that will be publicly released on May 1
President Joe Biden promised a "full accounting of what happened," adding that he would ask regulators and banking regulators to tighten rules on the sector
- Istanbul, Turkey - Turkey's current account deficit increased to $9.85 billion in January, the highest monthly deficit since 1984, the...
Turkey's trade deficit widened 38 percent in January to $14.24 billion, largely due to the sharp rise in gold imports and the rising cost of energy imports
Excluding gold and energy, the current account showed a surplus of $2.6 billion in January, as opposed to a surplus of $1.7 billion in the same month last year
