Economy - TRENDS MENA

The program, launched by Saudi Crown Prince and Prime Minister Mohammed bin Salman, has identified more than 800 investment opportunities...
The new industrial strategy envisages tripling the country’s industrial domestic product and doubling the value of industrial exports to $148.2 billion.
The Crown Prince said the program will make the kingdom a leading industrial power that “contributes to securing global supply chains and exporting high-tech products to the world”
The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at...
While activity at larger businesses expanded in October, work at small and medium-sized enterprises contracted significantly
The economic slowdown has also been exacerbated by a crisis in the massive property sector, where a series of debt-laden developers have defaulted on loans
The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1.
The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1
Refund of input tax includes expenses related to the actual construction process of the mosque
The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities...
Egyptian President Abdel Fattah Al-Sisi has issued a directive during the inauguration of the first International Forum and Exhibition for Industry
The decision came following Egypt’s agreement with the International Monetary Fund, allowing the country to obtain an extended credit facility of $3 billion
Energy security, enhancing partnerships were discussed.
The meeting discussed ways of harnessing opportunities in renewables and hydrogen.
The meetings deliberated on ways of expanding existing relationships to enable a more sustainable future.
Russia's blockade of grain exports makes it "impossible" for fully loaded ships to leave port, Ukraine charged after Moscow claimed...
UN Secretary-General Antonio Guterres on Sunday expressed "deep concern about the ongoing situation regarding the Black Sea Grain Initiative.
The July deal to unlock grain exports signed between Russia and Ukraine and brokered by Turkey and the UN, is vital for easing the global food crisis.
Project is part of the world's biggest natural gas reserves.
Energy Minister Saad Sherida al-Kaabi said Qatar was talking with Asian nations over a share in its campaign to increase annual production by 60 percent.
France's TotalEnergies and Britain's Shell both have 9.37 percent stakes in the field, while state-owned Qatar Energy has the remaining 75 percent.
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned 389 11kV substations in Dubai in the third quarter...
DEWA now has 77 substations of 33kV in service, and 42,529 medium voltage (11Kv or 6.6Kv) substations.
These stations are mainly located at Wadi Al Safa Fifth, Al Merkad, Madinat Al Matar and Al Yalayis 1.
Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global...
Mitigation projects accounted for 94 percent of international climate investments, whereas adaptation ones continued to lag far behind.
Developed economies made up two thirds of international project finance deals and greenfield investments in renewables.
Michel Aoun was vacating Lebanon's presidential palace, amid acclaim from his supporters, a day before his mandate expires without a...
Lebanese lawmakers have tried but failed four times in a month to agree on electing a successor after Aoun's six-year term ends.
Lebanon is being run by a caretaker government as political divisions have prevented the formation of a new cabinet.