Economy - TRENDS MENA

Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders...

Britain unveiled a painful budget with $65 billion of tax hikes and spending cuts despite confirming its economy was in...
Finance minister Jeremy Hunt said the measures were needed to bring financial stability after recent markets turmoil.
The pound had hit a record-low close to parity against the dollar in late September after Truss failed to reveal the impact of her tax cuts on growth and inflation.
Firm's result is seen as a gauge of Chinese consumer sentiment.
The heavy net loss attributable to ordinary shareholders was primarily due to a decrease in market prices of its equity investments in publicly traded companies.
Alibaba said it achieved revenue growth by "enhancing operating efficiency" as well as through the expansion of its logistics and services businesses.
Lebanese lawmakers failed for a sixth time to elect a successor to former president Michel Aoun, whose mandate expired last...
There have been delays in electing previous Lebanese presidents.
This year's vacancy comes as Lebanon is mired in an economic crisis that the World Bank has dubbed one of the worst in recent history.
RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) won an award at the ninth edition of the Maritime Standard...
The awards is an annual industry event that felicitates top performers in the shipping, ports, and related sectors in the Middle East and the Indian subcontinent.
The award crowns Mawani’s efforts in revolutionizing the Saudi maritime ecosystem and facilitating global trade.
Firm posts FY 2021-22 net profits of around US$4.6 billion.
Siemens Energy's loss-making wind turbine maker subsidiary, Siemens Gamesa, has faced huge struggles.
Siemens Energy was spun off in 2020 from Siemens, which still owns a 35 percent stake.
Saudi officials are putting on 240 weekly flights linking the kingdom to Qatar, up from six normally, and easing overland...
This year's World Cup in neighboring Qatar, by contrast, has the feel of a home game for Saudi fans as Doha is a mere two-hour flight from Jeddah
Turkistani, a Saudi fan is ready to welcome his other fellow citizens in Doha, having stocked up on green-and-white t-shirts, plastic blowhorns, drums and balloons to distribute
Ukraine is one of the world's top grain producers, and Russia's invasion of the country blocked 20 million tons of...
The agreement would be in force for "120 days considering the winter conditions", and there could be "new arrangements" after the winter season
An international source close to the negotiations also confirmed to AFP that the parties concerned agreed to extend the deal
The gross domestic product increased 2.1 percent annually between July and September compared to the previous three months.
The gross domestic product increased 2.1 percent annually between July and September compared to the previous three months
The annual inflation rose to 5.1 percent in October from 4.6 percent in September, well above an official 1-3 percent target, the statistics bureau said on Tuesday
The initiative, launched at UN climate talks along with France, Germany, the Netherlands and Denmark, will combine "existing and new"...
The funding also includes an EU pledge of $60 million for climate "loss and damage" already being suffered, a contentious issue at the negotiations in Egypt
It will cover the collection of climate risk data, boosting early warning systems, disaster risk finance and insurance, as well as helping to attract private finance
The alliance had committed to phasing out oil and gas production when it was launched at UN climate talks in...
At COP27 talks in Egypt, Fiji and Chile sign up as "friends" of the alliance, while the US state of Washington joins as a core member
BOGA says it has managed to attract new partners despite the global energy crisis which has seen a rush towards oil and in particular gas