Economy - TRENDS MENA

GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...
Swiss Re added that so-called secondary natural disasters such as floods and hailstorms caused more than $50 billion of insured losses.
Total insured losses topping $100 billion for a second consecutive year, said Swiss Re.
The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations...
The UNEP report said that investments for nature-based solutions must increase to US$384 billion per year by 2025.
By 2030 finance flows of $484 billion a year will be required for nature-based solutions.
Luxembourg has the second highest rate at 55.59 crypto jobs per million people.
Luxembourg has the second highest rate at 55.59 crypto jobs per million people
North America offers the best average salary for crypto jobs, amounting to annual earnings of $120,000
The World Bank estimates that cash transfers to low income countries eased this year as high prices ate up migrants'...
The World Bank says while the reopening of economies as the pandemic receded helped with employment, rising costs "adversely affected migrants’ real incomes"
Rising oil prices and continued demand for migrant workers boosted remittances to Central Asian countries
Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.
Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages
The discussions with Saudi Arabia which got delayed due to Covid19 pandemic, too are reported to be in advanced stages
Washington, United States—US economic activity eased in recent weeks, while uncertainty and "increased pessimism" clouded the country's outlook amid high prices...
The Fed's latest survey of economic conditions comes as the US central bank pushes on with its all-out effort to cool surging inflation
Higher interest rates took a toll on home sales, which fell "steeply" in some districts
Stocks have risen over the last month, in part on expectations that the Fed would soon pivot on monetary policy....
Near 1945 GMT, Nasdaq Composite Index was up 2.9 percent at 11,305.08 as Powell indicated that Fed could soon shift from its ultra-aggressive response to inflation
Earlier, government data showed the United States economy grew at 2.9 percent in the third quarter, annualized, better than the 2.6 percent figure in the prior estimate
The US economy grew more than initially reported in the third quarter this year, with government data released Wednesday reflecting...
It has been the first GDP expansion this year, after two quarters of negative growth that deepened fears of a recession in the world's biggest economy
The pick-up came days before midterm elections in the United States, in welcome news for President Joe Biden, but analysts have cautioned of a less rosy path ahead
Saudi Arabia's Zakat, Tax and Customs Authority has extended the period of Cancellation of Fines and Exemption of Penalties Initiative...
Saudi Arabia's Zakat, Tax and Customs Authority has extended the period of Cancellation of Fines and Exemption of Penalties Initiative for taxpayers
Penalties included in the ZATCA initiative cover exempting taxpayers from late registration in all tax systems, late payment of fines, etc
Boosted by soaring energy and food bills triggered by Russia's war in Ukraine, the rate of price increases had hit...
Analysts had expected the inflation rate in the single currency area to fall but the drop was steeper than predicted
Among 19 countries that use the euro, Spain now has the lowest inflation rate, dropping to 6.6 percent compared to previous top performer France