Economy - TRENDS MENA

Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC...
Despite declines in oil and financial firms, the Saudi stock index closed Thursday (January 5, 2023) slightly up.
On Monday (January 2, 2023), the First Abu Dhabi Bank contributed to a 0.6 percent point increase in the Abu Dhabi Securities Exchange index.
Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone....
The Fed along with central banks worldwide last year kickstarted a string of aggressive rate hikes to battle decades-high inflation.
Official data showed that annual inflation in the eurozone dropped for a second month in a row, to 9.2 percent in December.
Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of...
FAO price index, which tracks the monthly change in international prices of a basket of food commodities, fell to 132.4 points in Dec, a 1.9 percent drop from Nov.
But the index was 14.3 percent higher overall in 2022 compared to the previous year as it reached an all-time high of 143.7 points.
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded with the Global Excellence Assembly Awards 2022, based...
DEWA is the only entity worldwide to win this category in the second round of the award this year.
DEWA scored 94 percent in the evaluation conducted by the International Council of Excellence according to the Baldrige model.
Teams across Dubai’s government entities will work in close collaboration with the private sector to achieve the various targets of...
Teams across Dubai’s government entities will work in close collaboration with the private sector to achieve the various targets of the agenda over the next 10 years
The D33 Agenda paves the way for a new phase of Dubai’s development journey driven by ideas, innovation, enterprise and new technologies
Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas...
Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data
They are discussing cooperation in training Saudi cadres to understand and analyze sustainability data, and participate in events and activities of common interest
China, Singapore and Hong Kong are planning to convert 80 percent of their cities into sponge areas by 2030 for...
A sponge city is a nature-based solution that uses the landscape to retain water at its source, slow down water flow and clean it throughout the process
According to specialized construction reports, China was one of the first countries to resort to this technology, followed by Singapore and Hong Kong
AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase...
The Jordan Chamber of Industry stressed on the role of the private sector as a driver of the economy.
The JCI described the level of trade between Jordan and Bahrain as "below aspirations," amounting to less than US$300 million.
ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) has conducted a specialized training program on drafting and writing...
This was done to develop the skills and competencies of practitioners engaged in the legal profession.
The program will help the professionals to improve the quality of their service.
Brent crude futures gained 59 cents to $78.43 a barrel, while US West Texas Intermediate crude futures rose 69 cents...
Brent crude futures gained 59 cents to $78.43 a barrel, while US West Texas Intermediate crude futures rose 69 cents to $73.53 a barrel
Over the previous two sessions, Brent and WTI's declines of more than 9 percent were the biggest two-day losses at the start of a year since January 1991