Economy - TRENDS MENA

Saudi Arabia secured a $2.5 billion revolving credit facility from Abu Dhabi Islamic Bank, Credit Agricole SA, and Dubai Islamic...

Urging China to share information that might pinpoint how the pandemic started, the WHO has said that it was hoping...
The WHO's emergency committee on Covid-19 will discuss the criteria for declaring an end to the emergency phase when they next meet in January
Nearly 650 million confirmed Covid cases and more than 6.6 million deaths have been reported to the WHO, though the UN health agency acknowledges this will be a vast undercount
The EU summit was to also examine the situation, and consequences in Europe, of Russia's war in Ukraine, which European...
Brussels views the "Buy American" condition for purchasers of electric vehicles mainly made in the United States as discriminatory against European car manufacturers
EU chief said the e-vehicle subsidies contained in a broader US Inflation Reduction Act "risk un-levelling the playing field and discriminating against European companies
According to CBUAE's figures, debt securities accounted for 49.5 percent of these investments, hitting $66 billion.
According to CBUAE's figures, debt securities accounted for 49.5 percent of these investments, hitting $66 billion
Held-to-maturity-securities comprised 38.9 percent, or $51 billion of the total investments
Dubai, UAE--The Dubai International Financial Centre (DIFC) Court has launched a new set of industry-first specialised rules for its recently...
A leading international judicial expertise Justice Michael Black of England & Wales has been recruited to oversee and operate the new court’s cutting-edge digital infrastructure
The DIFC Courts Rules will facilitate the efficient and modern resolution of digital economy disputes
The Saudi Central Bank, known as Sama, the Central Bank of Bahrain and Qatar Central Bank upped their interest rates...
The Saudi Central Bank, known as Sama, the Central Bank of Bahrain and Qatar Central Bank upped their interest rates by 50 basis points
The Central Bank of the UAE (CBUAE) earlier Wednesday raised the Base Rate applicable to the Overnight Deposit Facility by 50 basis points
Casablanca, Morocco--They may have fallen just short of reaching the World Cup final, but Moroccans on Wednesday hailed their team's historic...
All over Morocco, shops have been selling team jerseys and flags.
The news agency said the king also conveyed a congratulatory message to French President Emmanuel Macron by telephone post-match
Ifo's positive outlook came a day after a closely watched survey showed German investor confidence rising again in December.
Economic output growth is expected to shrink by 0.1 percent in 2023, the Munich-based Ifo Institute said
Inflation in Germany is expected to slide from 7.8 percent in 2022 to 6.4 percent in 2023.
Gas prices are high, albeit lower than during the middle of the year, spurring worries that European homes and businesses...
Europe has entered a bitingly cold winter with fewer energy options because Russia has reduced gas supplies in retaliation for EU sanctions imposed over its war in Ukraine
Several EU countries, including France, Poland and Spain, criticised the commission proposal as being designed so the price cap could never be triggered
The data was published on the eve of an interest rate decision from the Bank of England, which is widely...
The Consumer Prices Index eased to 10.7 percent last month, the Office for National Statistics (ONS) said in a statement
The modest slowdown followed falls in the price of motor fuel, but inflation remains high owing to soaring domestic energy and food bills
The consumer price index, a key gauge of inflation, logged its smallest annual increase in nearly a year, fueling optimism...
The Federal Reserve has embarked on an all-out campaign to cool demand in the world's biggest economy
It raised rates six times this year with interest-sensitive sectors like housing already reeling from tightening policy