Economy - TRENDS MENA

The world's second-largest economy is roaring back to life after Beijing's decision last month to abruptly drop its strict zero-Covid...
The International Monetary Fund on Monday upgraded its forecast for China's 2023 gross domestic product (GDP) to 5.2 percent, citing Beijing's decision to fully reopen
China's economy grew just three percent last year - its slowest pace in four decades excluding pandemic-hit 2020 - as Covid lockdowns and the property market crisis hampered growth
Saudi Arabia plans to invest more than US$266 billion to produce cleaner electricity and expand its power grid, the kingdom's...
Despite its goal of achieving net zero carbon emissions by 2060, Saudi Arabia remains hugely dependent on crude oil exports.
The Saudi minister said the Kingdom is determined to be the leading exporter of clean hydrogen.
ABU DHABI, UAE - Abu Dhabi Global Market (ADGM) Monday received a French delegation to strengthen bilateral relations through dialogues...
ADGM is home to an increasing number of French companies including renowned anchor tenants such as BNP Paribas Group.
Dialogues were exchanged through an open platform discussion along with closed-door sessions and roundtables.
ADIB's revenue increased by 23% to US$1.8 billion in 2022.
ADIB reported a 60 percent growth in the fourth quarter of 2022 with a net profit of US$326 million.
The bank's revenue in 2022 was driven by a 43 percent increase in fees and commissions and a 24 percent growth in funded income.
ABU DHABI, UAE - UAE Ministry of Industry and Advanced Technology (MoIAT) Monday launched the Industrial Census project, in collaboration...
The project aims to create a comprehensive database of all establishments that practice industrial activities.
The project will help create new investment opportunities for manufacturers, investors and owners of industrial companies.
Brent crude futures were down 74 cents, or 0.8 percent, to $85.92 a barrel at 0710 GMT, while West Texas...
Brent crude futures were down 74 cents, or 0.8 percent, to $85.92 a barrel at 0710 GMT, while West Texas Intermediate crude was down 61 cents
The US central bank is expected to raise interest rates by at least 25 basis points in its policy meeting on January 31-February1
Dubai, UAE-- Over 2,000 cyclists from the UAE and overseas are expected to participate in the 13th edition of the...
The cycling event will be organized on 19th February 2023 with the support of the Dubai Sports Council and the UAE Cycling Federation
The Spinneys Dubai 92 Cycling Challenge comprises an outrider race for amateurs with a short distance of 40 km
Most analysts expect a 50-basis point hike in March but, with inflation starting to ease, there are already signs of...
ECB president Christine Lagarde has repeatedly stressed rates will continue to rise at a steady pace, and the bank is expected to agree on a 50-basis point hike Thursday
ECB board member Fabio Panetta, known for his dovish stance, said the bank should not commit to any particular hike beyond the forthcoming meeting
Amman, Jordan-- The European Union (EU) has signed two agreements with Jordan to provide it with a $70 million in...
Jordan's Minister of Planning Zeina Toukan said these grants come at an important time to support the development and reform efforts in Jordan
The EU’s "Food and Resilience Facility" aims to support specific interventions designed according to the domestic context and needs
Dubai, UAE--The UAE has launched several innovative health projects in the 48th edition of Arab Health 2023, which began today...
The three entities have jointly developed projects on display as part of a unique national initiative to provide curative and digital health services
During the four-day event at the Dubai World Trade Centre, the Emirates Health Platform will witness the launch of an innovative health services package