Economy - TRENDS MENA

Dubai, UAE -- Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, attended part of...

The G77+China block of more than 130 developing nations called in a position paper for a special fund "for assisting...
The need for such "loss and damage" financing, which has emerged as a make-or-break issue at COP27, is urgent, the largest negotiating bloc at the talks said
US and the EU have suggested that expanding current channels for climate finance might be a more efficient approach than creating a new one
The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting...
The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Heads of State and Government Summit
Since 1976, the Kingdom, through the Saudi Fund for Development has contributed to strengthening the pillars of sustainable development in its various fields and forms in Indonesia
US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to...
The producer price index in US rose just 0.2 percent compared to September, the Labor Department reported.
Annual PPI in the US slowed to 8 percent in October, the data showed, down from 8.5 percent in the prior month.
Settlement on opioid cases hit earnings of the firm.
The opioid crisis in the US - causing over 500,000 deaths over 20 years - triggered a flurry of lawsuits against drugmakers, distributors and pharmacies.
US pharmacy chains CVS Health and Walgreens similarly reached preliminary agreements this month to pay more than a total of $10 billion to resolve opioid claims.
Firm's adjusted net profit grew to $16.5 million in Jan-Sep 2022.
Adjusted total income grew 17 percent to $28.9 million in 9M-2022.
Adjusted EBITDA grew 19 percent to $29.8 million (AED110.1 million) in 9M-2022.
Pact will help SMEs in UAE gain access to key banking services.
With this pact, Wio will extend its Wio Business platform to SMEs registered with ADGM and provide them with fast-tracked application submission.
Presently, AGDM supports over 330 SMEs in health tech, pure tech, Edtech, legal tech, food tech, tourism tech, and insurance tech.
Firm approved interim dividend payment of US$54m.
The approved US$54 million (AED200 million) cash distribution is in line with the Group’s previously announced dividend policy of distributing $217 million annually.
All matters related to future dividend distribution will be subject to Board of Director’s recommendation and shareholders’ approval.
In order to shore up its economy battered by the Covid pandemic and political turmoil, the EU has signed off...
Tunisia relies heavily on imported wheat and natural gas, whose prices have shot up since Russia's invasion of its neighbor in February
The grant comes as Tunisia awaits a loan deal with the International Monetary Fund (IMF), and the EU said its aid money was "part of the approved reforms" to finalize the deal
Eyeing a joint G20 declaration that would condemn Russia's eight-month-old invasion and threats to use nuclear weapons, US and European...
There was a hint at growing Chinese unease with Russia's prosecution of the war when presidents Xi Jinping and Joe Biden met late Monday
Both men voiced opposition to the "use or threat of use" of nuclear weapons in Ukraine, according to a White House account of the meeting
The Gulf ministers review projects aimed at strengthening joint Gulf action in tourism as well as strategic partnerships between the...
The Gulf ministers review projects aimed at strengthening joint Gulf action in tourism, as well as strategic partnerships between the GCC and other countries and parties
The development comes a couple of days after the launch of the UAE Tourism Strategy 2031 that comes under the ‘Projects of the 50'