Economy - TRENDS MENA

The war raging in Ukraine and other overlapping crises are taking a toll on labor markets worldwide, the UN said,...
In a fresh report, the International Labor Organization cautioned that the outlook for global labor markets has deteriorated in recent months.
It also warned that excessive policy tightening could cause "undue damage to jobs and incomes in both advanced and developing countries."
Saudi Arabia and the United Arab Emirates said the world needs to keep investing in oil production, just days before...
Sultan Al Jaber, the head of UAE oil giant ADNOC, warned that under-investment could cause a shock to the world economy
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the Gulf countries were both increasing production capacity.
ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov,...
UAE and Kyrgyzstan affirmed their common interest in enhancing bilateral relations.
The meeting explored various opportunities of the UAE- Kyrgyz friendship and affirmed to further cooperation in economy, trade.
Despite soaring inflation and murky economic prospects worldwide, the IMF maintained its projection of 5.0 percent growth for the region...
MENA region varies wildly, from low-income states growing at just 0.8 percent to the wealthy Gulf monarchies that are running at 6.5 percent growth.
"Almost two-thirds of the non-oil countries in the region are witnessing a gradual slowdown," he said, presenting the IMF's latest report which includes Iran but not Israel.
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said DEWA had added...
Mohammed bin Rashid Al Maktoum Solar Park will have a production capacity of 5,000 megawatts (MW) by 2030.
The fifth phase is currently underway, with a total capacity of 900MW and investments estimated at $560 million.
5G network will help Nedaa provide better services.
With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.
The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.
With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have...
Spanish gas regulator Enagas says the backlog at ports is expected to last at least until this week.
Europe has made efforts to fill its storage facilities to reduce dependence on Russian gas and sought alternative suppliers.
As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by...
The seasonally adjusted real GDP increased by 2.6 percent in the third quarter 2022 compared to the second quarter this year.
Non-oil activities grew by 5.6 percent and government services activities by 2.4 percent on a year-on-year basis.
Years of strict pandemic controls and a political crackdown have hammered the Asian finance hub's economy and sparked an exodus...
In contrast to mainland China where crypto has been all but banned, Hong Kong is looking to relax regulations and claw back some of the business that has left
A fintech conference opened on Monday and will be followed on Wednesday by a finance summit attended by some of the world's top bankers
The scale of the loss can be gauged from the fact it is slightly more than the annual economic output...
The scale of the loss can be gauged from the fact it is slightly more than the annual economic output of Morocco ($132 billion)
The loss could mean that the bank halts payouts to the Swiss federal and cantonal governments next year