Economy - TRENDS MENA

Israel, with its turbulent politics, heads back to the polls next Tuesday, for the fifth general election in less than...
Much of the world has endured rapid inflation since Russia's war in Ukraine started early this year, driving up energy and food prices everywhere
But in Israel the problem has been acute for years, blamed in part on the strong shekel which makes imports more expensive
Qatar is currently more like a workshop of preparation and equipping, in which Qataris and residents have engaged. Brotherly and...
Qatar's GDP during the first half of this year increased by 4.3%, supported by a 7.3% growth rate of the non-oil sector
The hike in energy prices turned a projected budget deficit at the beginning of the year into a surplus of about QAR 47.3bn in H1
The firm's total VLCC fleet value is now $245 million.
VLCC Acrux (previously Elandra Everest) is the name of the third VLCC vessel Al Seer Marine has taken delivery of in October 2022.
In addition to the three VLCCs, Al Seer Marine recently acquired two liquefied petroleum gas (LPG) tankers valued at US$70 million.
ABU DHABI, UAE - In the UAE the revenues at the federal level increased by 26 percent from US$100 billion...
Social contributions in the UAE also rose from US$3.5 billion (AED12.9 billion) in 2020 to $3.6 billion (AED13.5 billion) in 2021.
The value of other revenues increased by 24 percent from $55.4 billion in 2020 to $68.5 billion in 2021.
US automaker was bolstered by strong vehicle pricing.
Revenues jumped 56 percent to $41.9 billion, a quarterly record.
GM Chief Financial Officer Paul Jacobson acknowledged rising worries about the drag from inflation on economic growth.
The bank income in Q3 fell by 10 percent to $8.2billion.
The energy crisis had affected their retail and small business clients in Switzerland.
The CEO of UBS said clients are concerned about high inflation, elevated energy prices and the war in Ukraine,
ALC is one of the largest meat producers in Australia.
The acquisition was done through Minerva Foods Australia, a joint venture established last year between SALIC and Minerva in Australia.
ALC operates two processing facilities in Victoria State, with a capacity to process up to 3.78 million heads annually.
Saudi Investment Minister was speaking at the Sixth Edition of the Future Investment Initiative, hailed as 'Davos in the Desert',...
George Osborne, Former First Secretary of State, UK said the US and China need to find a way to work together in order to make the world a better place.
Some rules and policies that came into existence post WW II are not fair to many Asian and African nations, said Senegal's president Macky Sall.
SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic...
GCC and South Korea expressed readiness to advance discussions on a free trade agreement after a 13-year suspension.
The agenda of the sixth round include trade in goods and services, investment, digital trade, and intellectual property rights.
The latest WGEO study is part of "our efforts to support the Dubai Clean Energy Strategy 2050 and the Dubai...
By 2050, hydrogen is estimated to deliver more than $8.7bn annually to the UAE economy and $14.8bn GVA to the UK, says the latest WGEO report
A UAE-UK collaboration -- involving policy, innovation, trade, and investment - has potential to create over 100,000 new jobs in each country, it adds