Economy - TRENDS MENA

Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives...

“The UAE is Germany's most important trading partner in the region, with German exports to the UAE totalling US$8.4 billion...
Beside growing trade, cooperation in decarbonization to tackle climate change opens an opportunity for Germany and the UAE to look forward to a hydrogen future, says German envoy
The UAE is Germany's most important trading partner in the region, with German exports to the UAE totalling US$8.4bn in 2021, says German Ambassador to the UAE Alexander Schönfelde
Global stocks sank as central banks hiked interest rates again and signaled they needed to go higher to tame inflation....
ECB president Christine Lagarde warned that inflation in the 19-nation eurozone was still "far too high" and more action needed to be taken.
The world's major central banks are seeking to dampen red-hot inflation.
Industrial production in the US slumped in November with "broad based" decreases, the Federal Reserve said, as output for bigger-ticket...
The Fed has raised its benchmark lending rate seven times this year in an effort to cool the world's biggest economy.
Total output dropped 0.2 percent in November, with the first decline in months defying analysts' expectations of an uptick, according to Fed data.
DUBAI, UAE - Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed an MoU with Ras Al Khaimah...
ECI to provide RAKEZ members access to flexible state-backed trade finance support.
As of November 2022, ECI has facilitated US$71 million worth of secured non-oil trade for businesses operating in Ras Al Khaimah.
Dubai, UAE--– The central banks of Saudi Arabia, Bahrain, and Qatar increased their interest rates following the US Federal Reserve...
Since the costs in the GCC are pegged to the dollar, the central banks in the region follow the Fed rate changes.
The Saudi Central Bank, known as Sama, the Central Bank of Bahrain and Qatar Central Bank upped their interest rates by 50 basis points.
Over a decade since the country's revolution that unseated dictator Zine El Abidine Ben Ali, opposition parties have urged a...
The previous legislature had far-reaching powers, in the mixed presidential-parliamentary system enshrined in the North African country's post-revolt constitution
In July this year, Saied used a widely shunned referendum to push through a new constitution, stripping parliament of any real clout and giving his own office unlimited powers
Housing rents rose by 5.4 percent, bringing the overall housing, water, electric, gas, and other fuels increase to 4.7 percent.
Housing rents rose by 5.4 percent, bringing the overall housing, water, electric, gas, and other fuels increase to 4.7 percent
In the last couple of months, food prices rose by 3.6 percent while transport costs have increased by 4 percent
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