Economy - TRENDS MENA

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
The regional economies -- set to expand by 6.9 percent in 2022 -- may moderate to 3.7 percent and 2.4...
The regional economies -- set to expand by 6.9 percent in 2022 -- may moderate to 3.7 percent and 2.4 percent in 2023 and 2024 respectively, says a World Bank report
Easing of pandemic restrictions and positive developments in the hydrocarbon market drove strong recoveries in 2021 and 2022 across the GCC, the report points out
Abu Dhabi, UAE -- Abu Dhabi Islamic bank (ADIB) and Abu Dhabi Global Market (ADGM) will collaborate to support the...
ADIB will provide clients with ADGM licensed managers for Sharia compliant banking and share news on developments in finance sector.
Also, a formal framework for cooperation in education, business development between the Bank and ADGM is also a part of the deal.
Domestic fuel bills rocketed further despite the UK government's energy price freeze as the market faced fresh fallout from key...
The Consumer Prices Index hit 11.1 percent in October, reaching the highest level since 1981, the Office for National Statistics (ONS) said.
"Rising gas and electricity prices drove headline inflation to its highest level for over 40 years, despite Energy Price Guarantee," said ONS chief economist Grant Fitzner.
The 27-nation bloc has also placed an embargo on Russia coal. While it has not banned natural gas imports from...
The EU will ban most imports of Russian crude oil next month
Ankara has increased imports of Russian crude since the Ukraine invasion in late February, the think tank said
Sharm el Sheikh, Egypt—Kuwait is planning to achieve carbon neutrality in the oil and gas sector by 2050 and across...
According to Kuwait's Environment Public Authority chief, Kuwait intends to embrace a national strategy to achieve the target
The chief said the country is also keen to develop program to reduce carbon emissions through low-carbon development strategies in the oil and gas, energy, transport, industry
Launched as part of 'Projects of the 50', the program aims to accelerate the UAE's development journey and boost the...
Launched as part of 'Projects of the 50', the program aims to accelerate the UAE's development journey and boost the economy
If an establishment undertakes fake Emiratisation, a fine of no less than AED20,000 and not more than AED100,000 for each Emirati employee will be imposed