Economy - TRENDS MENA

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.
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under...
CBUAE and Egyptian Banking Institute reviewed the prospects to enhance cooperation and exchange information.
They also discussed supporting professional capabilities-building and expertise development.
SHARJAH, UAE - The Sharjah Consultative Council (SCC) has approved its recommendations regarding the Districts and Villages Affairs Department (DVA)...
The recommendations touched on the importance of providing social and psychological specialists in the suburb councils.
They also called for expanding the establishment of a suburb festival to include various cities and regions of Sharjah.
AMMAN, JORDAN - Investments in industrial estates in 2022 hit US$4.2 billion (JD3 billion), an increase of 19 percent compared...
Jordan Industrial Estates Company said that 27 of the new investments were in the service sector, with a growth rate of 26 percent.
The remaining 147 new investments were in the industrial sector, with a growth rate of 7 percent over the previous year, JIEC said.