Economy - TRENDS MENA

US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating...

Sheikh Mohammed Bin Abdulrahman al-Thani takes charge at a time when Qatar’s economy is booming, posting a surplus of $24...
Sheikh Mohammed Bin Abdulrahman al-Thani succeeds Sheikh Khalid bin Khalifa bin Abdul Aziz Al Thani who was appointed PM in January 2020
Qatar Emir Sheikh Tamim bin Hamad al-Thani's office also announced a cabinet reshuffle that reappointed the finance and energy ministers
Emtelle to invest $50m to build manufacturing facility.
The pact is the latest step in the expansion of Emtelle in the Middle East, following the acquisition and rebrand of AfriPipes Middle East in 2021.
Emtelle is undertaking a major expansion into North America with the opening of a manufacturing facility in North Carolina, US.
In a statement, HESC said the project has entered its commercial demonstration phase with money from Japan's Green Innovation Fund,...
The Hydrogen Energy Supply Chain (HESC) project is a joint Japanese-Australian undertaking intended to produce plentiful and affordable fuel for Tokyo
Its backers argue it will create economic opportunity in Victoria, but NGO Environment Victoria has also warned about the HESC's CCS claims
Muscat, Oman -Oman Power and Water Procurement Company (OPWP) is set to award solar energy projects worth $777 million to...
Nearly 2 million solar panels will be installed in these two stations, which will be the largest solar panel project for Oman
The projects, which will jointly produce 1,000MW of energy, are set to come up on a 15 million sq m area within the Governorate of A’Dakhiliyah
Colombo, Sri Lanka--Sri Lanka's president said Tuesday that China had agreed to restructure its loans to the bankrupt island nation,...
The South Asian nation defaulted on its $46-billion foreign debt last April during its economic crisis, which caused months of food and fuel shortages
Ranil Wickremesinghe's government has been working to secure a $2.9 billion rescue package from the IMF to restore Sri Lanka's ruined public finances
In the message sent on Sunday evening, the bank's outgoing President David Malpass said Saied's tirade had triggered "racially motivated...
World Bank President David Malpass noted that measures announced by the Tunisian government to protect and support migrants and refugees marked a "positive step"
According to official figures, there are around 21,000 undocumented migrants from other parts of Africa in Tunisia, which is home to around 12 million people
Years of war and insurgency have taken a heavy toll on the many Mesopotamian, Islamic and Christian treasures in a...
The mission of UNESCO chief comes ahead of the 20th anniversary later this month of the US-led invasion which toppled Saddam Hussein
Since 2018 the UN agency has raised more than $150 million for projects in Iraq, mostly the reconstruction of Mosul
Emphasizing that the oil and gas industry was vital in the fight against climate change, Dr. Sultan bin Ahmed Al...
He called for quick decarbonization, and the need for creating the energy system of the future
The minister noted the financing gap between the world’s climate ambitions and the climate goals
Western nations gave out more than $185 billion in grants and cheap loans in 2021, according to the OECD. Official...
The UN Development Program (UNDP) has estimated that 52 countries were either suffering debt stress or close to it and in danger of default
China, now the biggest single creditor nation, has recently indicated a willingness to work with the IMF and other institutions to organize debt relief
The United States wants to see a hike in oil production, including from OPEC countries, said a senior State Department...
OPEC+ decided in early October to cut production by two million barrels per day and has not changed its output level since
The US president has regularly called in the last year for an increase in the OPEC+ output, but the cartel has not raised its quotas