Economy - TRENDS MENA

The widening skills gap challenges employers, with over 59% of the workforce needing reskilling while millions risk redundancy due to...

DFM index jumped 0.6 percent, Abu Dhabi index rose 0.1 percent, Saudi Stock Exchange varied as index ended its trading...
Twenty-one of the Saudi Stock Exchange's sectors declined, with the insurance, media, and entertainment industries seeing the most significant decline.
The Dubai Stock Exchange Index closed up 0.6 percent with gains in four of the exchange's sectors headed by investment and financial services, which gained 1.9 percent.
SHARM EL SHEIKH, EGYPT - GE (NYSE:GE) signed a framework agreement with the International Renewable Energy Agency (IRENA) to support...
GE, IRENA agreed to cooperate across several aspects including decarbonisation, thought leadership, adoption and sustainable use of renewable energy.
GE and IRENA will explore how to jointly support decarbonisation efforts in critical markets and sectors.
DOHA, QATAR - Qatar plans to open a new center in Jordan for issuing visas in the near future, in...
The Qatari Ministry of Interior said five new centers for Qatar visas will soon be opened in Jordan, Tunisia, Morocco, Kenya and Indonesia.
Qatar visa centers abroad have contributed to facilitating workers employment procedures and expediting their visas and residencies issuance.
The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050...
The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050 Strategic Initiative, introduced in October 2021
The UAE will adopt several measures to mitigate climate change such as increasing the share of clean energy in its energy mix and scaling up the use of clean electricity
United Nations chiefs held talks with Russian officials on the Black Sea agreements on exporting grain and fertilizers, eight days...
The talks took place behind closed doors at the UN Palais des Nations headquarters in Geneva.
No statement has yet been issued following the meeting.
Dubai, UAE--- UAE's Ministry of Human Resources and Emiratisation (MoHRE) has said it was keen to support and empower private...
Ministry of Human Resources and Emiratisation has said it was keen to support and empower private sector companies in the country and help them achieve their targets.
Companies with 50 or more employees are targeted to raise their Emiratisation rate by 2 percent of their overall skilled jobs.
The Cryptocurrency platform chief executive quits.
FTX Group announced in a statement that it filed for Chapter 11 bankruptcy proceedings.
Chapter 11 is a US mechanism allowing a company to restructure its debts under court supervision while continuing to operate.
ABU DHABI, UAE -UAE's Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with Burjeel...
The MoU is in line with MoIAT's keenness to provide support and specialized healthcare for its employees and their families.
Burjeel Holdings will offer the ministry employees and their families special discounts on medical services that are not covered by insurance.
Firm's reduction of stake in Alibaba partly helped.
Falling share prices for many of its tech start-up ventures continue to hurt the company's balance sheet.
The investment behemoth has made huge bets to find and grow new tech companies around the world - making its earnings vulnerable to fickle market forces.
Loss is basically due to the sale of one of its online platforms.
The group, owner of the Cartier and Piaget brands, made a profit of US$1.23 billion in the same period last year.
In August, Richemont agreed to sell a large stake in its Yoox Net-A-Porter online luxury sales brand to British e-commerce platform Farfetch.