Economy - TRENDS MENA

The economic ties between the UAE and Egypt were strengthened this year by the signing of the Industrial Partnership for...
The UAE is Egypt’s second leading trade partner in the region while Egypt is the fifth leading trade partner of the UAE in terms of non-oil trade
The UAE is also the largest international investor in Egypt, with cumulative investments worth over $15 billion
The diversification of revenue streams boosted the bank's profitability.
The bank reported a non-interest income of US$259 million (AED 952 million).
ADCB said its operating income surged by 21 percent to reach US$955 million (AED 3.510 billion).
The 2022 Mercer CFA Institute Global Pension Index compares 44 retirement income systems against more than 50 indicators and benchmarks.
The CFA Institute said the index highlights both the considerable diversity and the positive features present in many systems.
The study also confirms that no pension system is perfect and that every system has shortcomings.
BAGHDAD, IRAQ - In drought-hit Iraq, six out of 10 households have had their access to drinking water disrupted and...
The Norwegian Refugee Council (NRC), an aid group active in the oil-rich but war-scarred country, surveyed 1,341 households in August.
NRC study found that the crisis has had an immediate impact on access to drinking and irrigation water and on the production of crops.
MUSCAT, OMAN - The inflation rate of Consumer Price Index in Oman reached 2.4 percent during September 2022. A monthly...
The report noted prices of education group increased by 5.1 percent.
The prices of health group and food group surged by 3.5 percent and 5 percent respectively.
Already governed by a caretaker cabinet, crisis-hit Lebanon is hurtling towards an imminent power vacuum, with just days before the...
A total of 50 lawmakers in Lebanon's 128-seat parliament left their votes blank, many from the Iran-backed Hezbollah.
Parliament speaker Nabih Berri called for another vote on Thursday in the hope of overcoming long-running arguments.
Most markets rose on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood...
Tokyo, Sydney, Seoul and Taipei led gains after a strong performance in New York.
The rise was sparked by a report the Fed could begin to take its foot off the pedal in its rate hike campaign.
Bank to pay fine on money laundering, tax fraud charges.
Credit Suisse said it had reached the settlement to resolve a legacy matter in relation to investigation into historical cross-border private-banking services.
The bank added that the settlement does not comprise a recognition of criminal liability.
The protest was organized by the country's main trade union, the UNTM, which is close to the Justice and Development...
The rally, outside parliament and witnessed by AFP journalists, came after several protests already this week in Rabat and other Moroccan cities
Consumer price inflation was 8.3 percent year-on-year in September, due in large part to surging food prices, which were up 14.7 percent
Economic activity in the eurozone plummeted further in October and Germany, the EU's top economy, looks headed for a recession,...
The S&P Global Flash Eurozone purchasing managers' index (PMI) fell to 47.1 for October, down from 48.1 a month earlier, as soaring inflation and high energy prices buffeted Europe
The survey showed that both manufacturing and services in Germany were showing accelerated rates of shrinkage, though that had yet to feed through into jobs-shedding