Economy - TRENDS MENA

Almost two-thirds of chief economists believe a global recession is likely in 2023, with 18 percent of them considering it...
In China, expectations of growth are polarized, with respondents almost evenly split between those who expect weak or strong growth.
One positive signal is that supply chain disruptions are not expected to cause a significant drag on business activity in 2023.
DUBAI, UAE - The Chairman of the Dubai Financial Services Authority (DFSA), Fadel Al Ali Monday announced the publication of...
The two-year plan outlines an ambitious roadmap to meet the DFSA’s statutory objectives for the Dubai International Financial Center.
The DFSA will be pursuing several key projects that cut across multiple strategic themes.
DAVOS, SWITZERLAND – A report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate...
Food systems, when transformed, can help solve some of the world’s toughest problems, from climate change to resilient livelihoods.
The report identifies models for businesses and policy-makers and a roadmap of priorities for countries to improve productivity and sustainability.
European investigators began questioning high-profile witnesses in Lebanon as part of a probe into central bank governor Riad Salameh's wealth,...
Investigators from France, Germany and Luxembourg questioned Saad Andary, Lebanon's central bank former vice governor.
The investigators also questioned Khalil Kassaf, a former employee at Lebanon's banking control commission.
RAS AL KHAIMAH, UAE- Ras Al Khaimah Tourism Development Authority (RAKTDA) has announced updates to its holiday homes system. RAKTDA...
The updates are part of the Emirate’s efforts to continue diversifying and strengthening its existing accommodation portfolio of four- and five-star hotels and resorts.
These measures will help in driving a sustained tourism economy that benefits not only investors but also its communities.
In a report titled "Survival of the Richest", Oxfam said billionaires had doubled their wealth over the last 10 years,...
The very wealthy have grown richer amid the cost-of-living crisis sparked by the Covid pandemic and soaring food and energy prices following Russian war, the report said
Since 2020, billionaire wealth has surged by $2.7 billion a day even as inflation outpaced the wages of at least 1.7 billion workers worldwide, Oxfam said
The ILO said deficits in decent work had been worsened by multiple, overlapping crises, including Russia's war in Ukraine, emerging...
As prices rise faster than incomes, the cost-of-living crisis risks pushing more people into poverty, the UN's International Labor Organization said
ILO called for an investment surge in education and training, saying two-thirds of global youth labor force was "without a basic set of skills", which limited their job prospect
Doha, Qatar-- As a windfall of the FIFA World Cup, banks in Qatar are expected to build profits and shore...
The report noted that credit rating agencies see the banking sector in Qatar buoyant in 2023 , as their strong provisioning levels will help them maintain a good run for the year
Domestic liquidity conditions are expected to help reduce Qatari banks’ reliance on external funding
Brent fell 36 cents, or 0.4 percent, to $84.92 a barrel, while US West Texas Intermediate crude fell 21 cents,...
Brent fell 36 cents, or 0.4 percent, to $84.92 a barrel, while US West Texas Intermediate crude fell 21 cents, or 0.3 percent
Last week, oil prices booked their largest weekly increase since October 2022, bouncing back from a significant crash at the start of the year
Petra, Jordan--King Abdullah on Sunday highlighted the importance of further developing the city of Petra, and diversifying its tourism product....
King Abdullah said developing tourism services in the "golden triangle" of Petra, Wadi Rum, and Aqaba, will have a positive impact on Petra and Jordan at large
The number of visitors rose to 905,000 in 2022, increasing by 283 per cent compared to 2021