Economy - TRENDS MENA

As the US is apparently pulling away from the Middle East, the cooperation between the Gulf and Asian regions is...
Experts believe the US is pulling back from the Middle East and shifting its attention and resources to the "priority theatre" of the Indo-Pacific.
But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global economy.
Hike in profit was due to high oil, natural gas prices.
The US oil giant became the latest petroleum heavyweight to report stunning third-quarter figures, with year-on-year profits nearly tripling.
The results show how the surge in crude prices in the aftermath of Russia's invasion of Ukraine has boosted oil company profits.
Firm's Q3, 2022 profit fell compared to Q3 in 2021.
The company's data indicated that the earnings per share amounted to $.01 in the third quarter of this year,
The company's earnings per share was $.02 for the same period last year.
Revenue doubled year-on-year to US$17.1 billion.
OMV has worked closely with Russian giant Gazprom until the invasion of Ukraine.
Following European sanctions on Moscow, OMV froze its investments in Russia.
HDC provides special education and care services in S Arabia.
HDC has a presence across six provinces of Saudi Arabia and caters to over 3,000 beneficiaries.
It has a network of nine schools, 22 daycare centers and specialized rehabilitation medical clinics.
Under its recently announced Experts Program, the Saudi Ministry of Culture has provided an intensive leadership training course for Man...
MAB is an intergovernmental scientific program that seeks to enhance the relationship between people and their environments through natural and social sciences.
Delivered in partnership with the UNESCO Regional Bureau for Science in the Arab States, the course brought together 17 local and international participants.
Saudi Arabian Mining Company (Ma’aden) is one of the largest purchasers of carbon credits from the first MENA Voluntary Carbon...
The auction offered high-quality CORSIA-compliant and Verra-registered carbon credits, with 15 Saudi and regional entities participating in the sale.
The carbon auction is the largest in the world.
Riyadh, Saudi Arabia--Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has launched a program that will leverage its...
The Local Content Growth Program will targets Fund’s goal of increasing to 60 percent its contribution and the contribution of its affiliates towards the Saudi economy by 2025.
The Program also includes a Local Content Policy, in which PIF’s portfolio companies will encourage and support local products and services.
The CBE attributed its decision to elevated global and domestic prices that are expected to keep headline inflation.
The CBE attributed its decision to elevated global and domestic prices that are expected to keep headline inflation
The decision aims to uphold the CBE’s mandate of ensuring price stability in the local market over the medium term
Prime Minister Mohammed Shia al-Sudani's 21-member cabinet is expected to face myriad challenges. The oil-rich but war-ravaged country is plagued...
Sudani, 52, was chosen to form the new government on October 13 following months of infighting between key Shiite Muslim factions
The movement of firebrand cleric Moqtada, Sudani's rival in Iraq's majority Shiite camp, refused to join the government