Economy - TRENDS MENA

Dubai, UAE -- The International Monterey Fund (IMF) has projected global growth to remain at 3.3 percent this year and...

The report outlines Dubai's digital economy startups and the emirate's position as a future digital capital.
The report outlines Dubai's digital economy startups and the emirate's position as a future digital capital
The Dubai Chamber's plans include attracting 300 digital startups and 100 tech experts to Dubai by 2024
The Lebanese pound has been officially pegged at 1,507 to the greenback since 1997, but its market value began to...
The first change to the official rate in more than two decades comes as the currency was trading at 58,000 to the dollar on the street on Tuesday
Lebanon's finance ministry had announced last year that it would roll out the 15,000 official exchange rate in November, but the move was not implemented
Iraq's Prime Minister Mohammed Shia al-Sudani has said the country's new banking regulations have revealed fraudulent dollar transactions made from...
An adviser to the PM had said that since mid-November, Iraqi banks wanting to access dollar reserves stored in the United States must make transfers using the electronic system
The adoption of the SWIFT system was supposed to allow for greater transparency, tackle money laundering and help to enforce international sanctions
Spending will rise by 11.7 percent to more than $86 billion, with 80 percent going on civil service wages and...
The budget deficit will swell to five billion dinars (more than $16 billion) for the year starting in April.
Revenues -- 88 percent of which come from oil -- are projected at around $63.8 billion, a 16.9 percent drop.
Results reflect higher production of oil, natural gas.
The huge profits by oil companies have sparked pushback from governments.
In 2022, ExxonMobil put $29.8 billion into shareholder distributions, evenly split between dividends and share repurchases.
"2022 was a truly dramatic year in the world. It affected financial markets and hence it also affects our global...
The fund has shares in more than 9,000 companies in nearly 70 countries, including Apple, Microsoft and Alphabet, the parent company of Google.
At the end of 2022, the value of the fund, which is financed by taxes paid by the nation's oil and gas industry, still amounted to a whopping 12.43 trillion kroner.
Bank said it would pay out US$5.6 billion to shareholders.
The news sent the bank's share prices zooming more than eight percent higher in morning trading.
The European Central Bank has been lifting interest rates since last year to tackle inflation and tame consumer price growth.
Abu Dhabi, UAE-- The first auction of the UAE treasury bond program in 2023 has been oversubscribed by 6.2 times,...
In 2022, the Ministry of Finance, the issuer, had issued bonds totaling AED 9 billion across tenors of two years, three years and five years.
The auction has been oversubscribed by 6.2 times, receiving bids worth $1.76 billion.
Net profits at the banking giant rose 23% in Q4 of 2022.
For the full year 2022, UBS meanwhile saw its net profit inch up to $7.6 billion from $7.5 billion a year earlier.
As revenues generated by global markets dwindled, UBS's investment bank saw revenues shrink 24 percent in the fourth quarter.
While China's easing of coronavirus restrictions paves the way for a faster-than-expected recovery, the rise in central bank rates to...
The global financial body expects the world economy to expand 2.9 percent this year, slowing from 2022 to a rate that remains weak by historical standards
The fund now sees Germany and Italy avoiding recessions, as European growth proved "more resilient than expected" despite war in Ukraine