Economy - TRENDS MENA

Non-Gulf countries' contributions to the digital economy in the region will increase to more than 35 percent during this time,...
Non-Gulf countries' contributions to the digital economy in the region will increase to more than 35 percent during this time, says a latest report.
The region's digital economy will grow from around US$100 billion in 2022 to US$500 billion in 2030, adds the report by RedSeer Strategic Consulting
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project...
On the second day of the DIPMF, Saeed Mohammed Al Tayer, MD and CEO of DEWA, will participate in a panel discussion.
DEWA will present practices and experiences implemented in Dubai, which has become a global benchmark for best practices.
Twitter's British landlord said it is taking the social media to court for not paying rent on its London offices....
Elon Musk, the billionaire CEO of Tesla and SpaceX, bought Twitter for US$44 billion in October 2022.
Musk sacked half of the staff and reportedly stopped paying rent for office space to try to raise funds after taking on massive debt to buy the firm.
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and...
The OWNEK initiative will save the contractors and consultants time and effort and speed up the workflow.
The initiative includes a series of awareness sessions and detailed videos in Arabic and English.
ABU DHABI, UAE - Abu Dhabi Agriculture & Food Safety Authority (ADAFSA) has just been announced as the winner of...
Auwn Community Program assisted in accomplishing ADAFSA's Corporate Social Responsibility goals by implementing several community initiatives.
These include blood donation drives, support for people of determination and cancer patients, community and environmental development initiatives.
Ras Al Khaimah, UAE -- The government of Ras Al Khaimah became the first in the world to achieve the...
The accomplishment was announced at the World Future Energy Summit 2023, held as part of Abu Dhabi Sustainability Week (ADSW).
A comprehensive retrofit of government buildings was carried out between 2018 and 2022, through energy performance contracting.
The value of imports rose by 0.3 percent, reaching $3.75 billion during the quarter compared to $3.72 billion in Q4...
The value of imports rose by 0.3 percent, reaching $3.75 billion during the quarter compared to $3.72 billion in Q4 2021
The top 10 countries accounted for 69 percent of the value of imports, while the remaining countries 31 percent
Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) announced that gross banks’ assets, including bankers’ acceptances, increased...
Gross credit increased due to 0.8 percent rise in domestic credit, overriding the 1.7 percent reduction in foreign credit
Domestic credit grew because of 0.4 percent, 2.0 percent and 0.7 percent climbs in credit to the government sector, public sector (government related entities) and private sector
Fitch and Capital Intelligence agencies also continued to rate Qatar's sovereign rating at the level of AA with a stable...
Fitch and Capital Intelligence agencies also continued to rate Qatar's sovereign rating at the level of AA with a stable outlook, which reflects Qatar's strong creditworthiness
Benjamin Young, a representative of S&P Global, revealed that it uses six basic pillars, each with grades, economic elements, and percentages in its rating of countries
The UN drugs agency noted that an increase in cases of human trafficking had been observed in Bangladesh and the...
The continuing war in Ukraine is also another risk factor for increased human trafficking, UNODC said
The UN report is based on data from 141 countries collected from 2017 to 2020, and the analysis of 800 court cases