Economy - TRENDS MENA

Cairo, Egypt - Egypt's official annual headline inflation rate rose in February to 31.9 percent, the highest in five and...
The jump in inflation is likely to further squeeze households already struggling with high unemployment and poverty
Soaring inflation follows currency devaluations in March 2022, a prolonged foreign currency shortage, and a backlog of imports
DOHA, QATAR - Just US$1.4 billion in new loans and grants were promised at a UN summit devoted to the world's...
The Doha meetings saw Saudi Arabia offer $800 million in loans to Least Developed Countries.
Qatar said it would give $60 million for UN projects and Canada $59 million for vitamin supplements in LDCs.
Wall Street rose but European stock markets fell as investors brace for US jobs data that they fear could prompt...
The US Federal Reserve raised rates by a quarter basis point in December, lower than previous decisions.
European wholesale natural gas prices dived to the lowest level since August 2021, due to high storage levels.
Riyadh, Saudi Arabia -- Saudi Arabia's Industrial Production Index increased by 6.8 percent in Jan 2023, compared to Jan 2022,...
The kingdom's General Authority for Statistics said the mining and quarrying activity increased by 3 percent year on year.
The manufacturing activity increased by 19.2 percent, while the electricity and gas supply activity decreased by 3.4 percent.
MOSCOW, RUSSIA - Russian Foreign Minister Sergei Lavrov said Thursday that extending a deal that allowed grain exports from Ukraine to...
Russia's military intervention saw Ukraine's Black Sea ports blocked by warships until a deal was reached for the export of grains.
The UN and Turkey-brokered deal will automatically renew on March 18 unless Russia or Ukraine object.
The launch is part of a year-round program that will allow women filmmakers to collaborate with leading industry professionals and...
The launch of AlUla Creates is part of a year-round program that will allow women filmmakers to collaborate with leading industry professionals.
AlUla Creates is part of a wider strategy to develop a film-friendly ecosystem which will include a world-class purpose-built studio.
The growth rate is also the highest in the last decade, with crude oil and natural gas contributing 32.7%, government services 14.2%,...
GASTAT said all economic activities achieved positive growth rates during 2022, with crude oil and natural gas contributing 32.7 percent.
Non-oil activities increased by 5.4 percent during 2022, especially transport, storage and communications activities (9.1 percent).
China's consumer price inflation last month fell to its lowest level in a year, official data showed Thursday, as the...
February's consumer price index (CPI) - the main gauge of inflation - rose one percent, down from a 2.1 percent annual rise in the first month of the year
NBS statistician Dong Lijuan said the drop was caused by a "decline in consumer demand after the holidays as well as sufficient supply in the market."
Vienna, Austria - The OPEC Fund for International Development (OFID) is offering a US$25 million loan for solar energy development...
The OPEC Fund is joining forces with the African Development Bank, Power Africa, the Green Climate Fund and the Government of Niger
The project also includes extending 2,600 km new transmission lines connecting cities in Niger’s south and the capital Niamey
Washington, United States--President Joe Biden will unveil a proposed budget on Thursday that would reduce the US national deficit by $3...
According to Press Secretary Karine Jean-Pierre, over the next ten years the budget plan will cut the deficit by nearly $3 trillion
Republicans who will be under pressure have said they are preparing thier own alternative budget plan focusing on spending cuts and no tax increases