Economy - TRENDS MENA

Iraq's prime minister said the country's central bank governor had been relieved of his duties as the local currency continues...
Analysts and officials say the drop in value coincides with efforts to make Iraq's banking system compliant with the international electronic transfer system.
Banks in the oil-rich country have an estimated US$100 billion in funds held at the US Federal Reserve.
RIYADH, SAUDI ARABIA - Saudi Arabia's Communications, Space & Technology Commission (CST) has announced the formation of a Space Entrepreneurship...
The alliance was announced during the Commission's participation in the seventh edition of the Garage Disrupt event.
The alliance seeks to connect entrepreneurs with investors and experts in the space sector.
Egypt's Planning Minister Hala al-Saeed said at a signing ceremony that the financing cooperation portfolio between Egypt and the corporation...
Egypt's Planning Minister Hala al-Saeed said at a signing ceremony that the financing cooperation portfolio between Egypt and the corporation had reached $14.5 billion
With Russia's war in Ukraine causing its wheat and oil bills to rise, Egypt has recently agreed to a $3 billion IMF loan package to cope with a currency crunch
Abu Dhabi, UAE-- The hosting of events like the Abu Dhabi Sustainability Week and the upcoming COP28 demonstrate the UAE's...
Grant Shapps, UK’s Secretary of State for Business, said British companies, such as BP، are helping the UAE with the transition to clean energy
He said the UAE has invested already in wind power in the United Kingdom, which has built one of the world’s biggest wind power projects
Islamabad, Pakistan--A massive power breakdown in Pakistan on Monday affected most of the country's more than 220 million people, including in...
The country's electricity distribution system is a complex and delicate web, and a problem in one section of the grid can lead to cascading breakdowns across the country
A similar breakdown in January 2021 had plunged the entire country into darkness after fault occurred in southern Pakistan tripping the transmission system of the country
Doha, Qatar-- Qatar and European Union have discussed means to enhance economic and commercial relations in a meeting between Qatar...
The two discussed the private sector's role in activating trade and investment exchange.
Al Kuwari noted that there are mega Qatari investments in a number of European countries such as France, Germany, and others.
The Kuwait Central Statistical Bureau said that inflation rate rose 0.17 percent in December on a monthly basis.
The Kuwait Central Statistical Bureau said that inflation rate rose 0.17 percent in December on a monthly basis
Record number of the food and beverages went up by 7.48 percent, compared to December 2021
“The UAE will strive to make COP28 one of solidarity and action. It will listen, engage, and build partnerships with...
The declaration of 2023 as the ‘Year of Sustainability’ reflects the UAE’s commitment to promote sustainability in all sectors, says says Special Envoy for Climate Change
The move will pave the way for the country's efforts to accelerate global climate action ahead of COP28, adds Dr Sultan bin Ahmed Al Jaber
Robust monetary policies curtail the impact of geopolitical tensions, energy crisis, worsening inflation rates and market volatility on the region...
Robust monetary policies curtail the impact of geopolitical tensions, energy crisis, worsening inflation rates and market volatility on the region during 2022, a report highlights
Successful hosting of international events in 2022 such as Expo Dubai in the UAE, the World Cup in Qatar, and COP27 in Egypt, also contributed to GCC's strong performance
Iran's economy has been subject to increasing pressure with fresh sanctions imposed by Western countries over the authorities response to...
Addressing MPs, Raisi tried to reassure Iranians over the economy which faces a serious crisis due primarily to US sanctions.
At the end of December, the governor of the central bank resigned after the rial lost around 30 percent of its value in two months.