Economy - TRENDS MENA

Dubai, UAE -- The UAE’s real GDP increased by 3.8 percent during the first nine months of 2024 compared to...

Stock markets rose as US data showed the country grew at a slower pace in 2022 but finished the year...
For 2022 as a whole, the US economy grew at a slower pace than the previous year, expanding 2.1 percent, the Commerce Department said.
Investors are also focused on the next move of the US Federal Reserve, which has hiked rates since last year in a bid to tame galloping inflation.
Household spending and business investment remained positive in the final quarter last year though they slowed, while inventories and net...
Economic activity has been moderating as the US central bank hiked the benchmark lending rate seven times last year.
Against this backdrop, the world's largest economy expanded 2.1 percent for all of 2022, down from the figure in 2021.
DUBAI, UAE - Dubai Gold and Commodities Exchange (DGCX) Thursday announced its full-year market statistics for 2022, reporting 8.239 million...
The DGCX is the largest and most diversified derivatives exchange in the Middle East.
DGCX saw steady trading in Indian Rupee, as market participants looked to hedge their exposure to one of the world’s fastest-growing economies.
The company's Q4 net profit surged to US$3.4 billion.
Nokia's annual net sales grew 12 percent to US$27.1 billion (24.9 billion euros)
The company is engaged in a major competition to install 5G networks around the world
ABU DHABI, UAE - The UAE is determined to foster the attractiveness and competitiveness of the business environment in order...
The UAE aims to offer a legislative framework to enable companies to promote the new economic model, particularly the commercial agencies sector.
With innovative projects and crucial commercial activities, this sector significantly contributed to the country's development during the past several years.
The area of land used for opium poppy cultivation expanded by a third to just over 40,000 hectares in 2021-22...
The UNODC estimates Myanmar's opium economy is worth around $2 billion -- the equivalent of up to three percent of the country's GDP in 2021
A combination of the pandemic and the aftermath of the coup hammered Myanmar's economy with an 18 percent contraction in 2021, according to the World Bank
Vienna, Austria--The OPEC Fund for International Development (the OPEC Fund) has lent Panama a US$120 million in loan to support...
The money is intended to mitigate, contain and reverse the effects of climate change, helping Panama to achieve its long-term climate change commitments
Panama is considered a carbon negative country with almost no contributions to global emissions but the country is vulnerable to the impacts of climate change
The leadership’s vision to empower women has ensured that women are equal participants and major contributors to the UAE’s sustainable...
The UAE is being ranked first in the Arab world and 11th globally on the Gender Inequality Index of the United Nations Development Programme’s Human Development Report 2022
The country has jumped 38 positions on the Gender Inequality Index since the establishment of the UAE Gender Balance Council seven years ago
"We are all KAN," read placards at the demonstration, referring to the Israeli Public Broadcasting Corporation (KAN), as employees were...
Israel's new Communications Minister Shlomo Karhi warned earlier this month of potentially hefty budget cuts to KAN
Karhi has also taken aim at journalists, whom he said "should please the public" rather than working "to please their milieu"
Looking to develop offshore hydrocarbon sites, Libya's National Oil Corporation has signed an $8-billion deal with Italian energy company ENI....
Libya sits atop Africa's biggest oil reserves but has been engulfed by conflict since the 2011 revolt that toppled longtime dictator Moamer Kadhafi
Italy has been scrambling to find alternatives to Russian energy since Moscow's invasion of Ukraine, and Italian Prime Minister Giorgia Meloni is set to visit Tripoli