Economy - TRENDS MENA

Dubai, UAE - Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, presented the...

Sharjah, UAE--- A Women under the age of 40 lead 77.6 percent of the women-owned businesses in the UAE, a...
The survey found that of the 1,000 female business owners who took part in the survey, 48.8 percent are CEOs and 61.4 percent sole proprietors.
A total of 25,000 Emirati women entrepreneurs owned 50,000 trade licenses valued at AED 60 billion ($16.33 billion) in 2021.
Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of...
The settlement must be approved by a judge in the San Francisco division in the US District Court.
The lawsuit was initiated in 2018, when Facebook users accused the social network of violating privacy rules by sharing their data with third parties.
Complicating matters has been the loss of EU workers in sectors such as health, hospitality and agriculture, even if some...
The problem is not the customs duties, largely eliminated by the post-Brexit free trade agreement between London and Brussels
The government of Prime Minister Rishi Sunak has said it believes the UK economy has entered a recession on fallout from sky-high inflation
Abu Dhabi, UAE--The UAE-led ‘Beyond2020’ humanitarian initiative has provided a safe source of water for about 20,000 residents of the...
Two small solar-powered water basins were erected in accordance with a groundwater pumping system to provide 20 liters of water per day to residents of the two villages
Beyond2020 offers critical, life-transforming solutions to a broader number of beneficiaries worldwide
Cairo, Egypt-- The Central Bank of Egypt has raised the overnight interest rates by 300 basis points, exceeding expectations. The...
The MPC raised the overnight deposit rate, overnight lending rate, and the rate of the main operation to 16.25 percent, 17.25 percent, and 16.75 percent
The latest decision comes a week after after the announcement of a new International Monetary Fund (IMF) $3 billion loan for Egypt
Allaying fears over the future of the Suez Canal, its chairman said the waterway 'is not for sale. The fear...
Many fear the fund would undermine the state's sovereignty over the waterway which accounts for roughly 10 percent of global maritime trade
The proposed bill comes with Egypt's economy struggling under growing foreign debt, and the local currency plunging against the dollar
Turkey's latest economic crisis started when Erdogan -- a lifelong opponent of high interest rates -- pressured the central bank...
Erdogan relied on support from the working classes to rise to power nearly two decades ago, and will need it again to secure re-election.
On Thursday the Turkish leader said the country would boost the monthly take-home pay to a minimum of 8,500 liras ($455).
The firm must stand trial to face US$12 billion damages claim
More than 400,000 claimants could eventually join the compensation claim against the Australian company in London's High Court.
The 2015 tragedy unfolded after the dam in Brazil's Minas Gerais region ruptured.
Muscat, Oman - Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications and Information Technology, has said that the...
He stressed the importance of promoting cooperation between the GCC and its international partners to increase the pace of digital transformation.
He also noted the need to enhance the cooperation between the UAE and Oman in developing the digital economy infrastructure.
Mikati said the economy had grown by nearly two percent in 2022 after two straight years of severe recession that...
He said increased revenues from tourism and a rise in remittances from Lebanese living abroad were factors behind the modest growth.
Mikati has led a caretaker government since a May general election failed to deliver a majority to either of Lebanon's rival power blocs.