Economy - TRENDS MENA

DUBAI, UAE - Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital...
Leveraging on Moro’s capabilities, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat cybercrimes.
The MoU will help in exchange of knowledge and leverage on expertise as per Dubai Courts mission of achieving precise and swift justice.
BEIRUT, LEBANON - An attack in eastern Syria killed 10 oil field workers, state news agency SANA reported on Friday, a...
In addition to 10 dead, two others have been wounded in a terrorist attack that targeted three buses transporting workers from al-Taim oil field, state media said.
The agency did not provide any information on the nature of the attack in the Kurdish-held area or who may be behind it,
ABU DHABI, UAE - The Environment Agency – Abu Dhabi (EAD) has imposed 32 administrative fines, totaling US$89,312 (AED328,000) since...
The Agency followed up with the violating establishments to ensure that corrective measures were taken to remove or mitigate the causes.
Violations included submitting incorrect data to EAD, changing data contained in licenses, or polluting the soil, water or air in protected areas.
In Britain, the average domestic energy bill has roughly doubled over the last 12 months. That has helped push inflation...
Household electricity and gas bills have rocketed across Europe this year, after key energy producer Russia invaded Ukraine in February
Simon Francis, campaigner at pressure group End Fuel Poverty expressed concern that some tenants - whose rent includes energy bills - might not benefit from state assistance
Turkish media say the total number of debt recovery cases rose by about 1.5 million in a year and exceeded...
The main banking regulator says the value of unpaid individual loans in the nation of 85 million people rose from 17 billion to 29 billion liras between March and September
Economist Erinc Yeldan said Turkey was experiencing fallout from a years-long policy that encouraged cheap lending to achieve rapid rates of economic growth
The MoU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation.
The MoU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation
AGFUND also announced its support for the comprehensive economic reform programme signed between the AMF and the Yemeni government, funded by Saudi Arabia
Many markets in the Middle East and Africa show a larger gap between affluent and non-affluent households in 2019 vs...
Many markets in the Middle East and Africa show a larger gap between affluent and non-affluent households in 2019 vs 2022 discretionary spending
As food and energy costs eat up a greater share of the consumer budget, lower-income households will feel an especially strong pinch
Since the COVID-19 outbreak, GCC banks have experienced a growth of more than 10 percent annually, a positive sign that...
GCC banks will also reap the benefits of reduced overhead thanks to fewer branches and a smaller workforce.
A few GCC banks have expanded into risky countries, especially Turkey and Egypt.
DUBAI, UAE - A Dubai court Thursday authorized the extradition of a British national wanted over an alleged 1.7 billion...
Hedge fund trader Sanjay Shah was arrested in Dubai in June, but the emirate's Court of Appeal in September rejected an extradition request by Denmark.
Shah is accused of running a scheme for three years from 2012 in which foreign firms pretended to own shares in Danish companies and claimed tax refunds.
TSMC operates the world's largest silicon wafer factories.
TSMC is also Apple's primary chip supplier.
Its 3nm-process chips are expected to have more processing power while using less power, boosting battery performance.