Economy - TRENDS MENA

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
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