Economy - TRENDS MENA

Without a new agreement, the eight countries which have been making voluntary additional production cuts of 2.2 million barrels per...

American Airlines third quarter revenues rose to $13.5 billion.
American scored a 13 percent jump in revenues compared with the 2019 period on high ticket prices.
US carriers have begun to prosper in 2022 as more governments pare back restrictions.
Dubai Electricity and Water Authority (DEWA) recorded substantial growth of 22 percent in investments allocated to transmission substations during the...
From January this year to June 2022, DEWA commissioned a new 400 kV transmission substations.
Now the total number of 400 kV transmission substations in Dubai has risen to 26.
According to ship tracking data from Refinitiv, about 289,000 tonnes of gasoil will be loaded from South Korea and China...
According to ship tracking data from Refinitiv, about 289,000 tonnes of gasoil will be loaded from South Korea and China to northwest Europe in October
This month has seen a flurry of spot tenders from South Korea and Taiwan, two of Asia's largest fuel exporters
US federal agencies have often concentrated on headline-grabbing suspects like Heather Morgan, an amateur rapper nicknamed "Razzlekhan" who was charged...
With Washington and Brussels focused on high-value targets, victims of low-level fraud are often left high and dry
If decentralized crypto networks revolutionize finance, US politicians would no longer be able to project power in the way they do now with dollar
The International Energy Agency has said that global carbon dioxide emissions from fossil fuel combustion will grow just one percent...
The increase was far smaller than the two-billion-tonne jump the world experienced last year as countries turned to fossil fuels to power their Covid-19 recoveries
The IEA analysis showed that solar photovoltaic and wind capacity grew by more than 700 terawatt-hours in 2022, the largest single year rise on record
Subsidies on basic goods are a highly sensitive political issue in Tunisia, where a public finance crisis has caused repeated...
The national bakery owners' union said some 3,200 of their businesses had closed, representing 95 percent of the North African country's state-backed bread-makers
The bakers are demanding payment of 14 months of overdue subsidies, adding up to around 250 million dinars (nearly $78 million)
With German inflation running at a record 10 percent, supermarket giants are pushing back against what they see as unreasonable...
But retailers in Europe's top economy say they are protecting customers' purchasing power at a difficult time, and that price hikes of up to 30 percent in some cases are overblown.
Edeka and Rewe, two of Germany's biggest supermarket chains, have stopped getting delivery of around 300 products from the Mars company, known for its Twix and Snickers bars.
The strategy aims to diversify the kingdom's economy and increase GDP and non-oil exports by promoting industry and attracting investment.
The strategy aims to diversify the kingdom's economy and increase GDP and non-oil exports by promoting industry and attracting investment
The policy also intends to raise the number of factories in the kingdom from 10,640 at the moment to 36,000 by 2035
The decision to make the biggest-ever dip into the emergency oil reserves -- usually kept for responding to situations such...
New tranche of oil from the Strategic Petroleum Reserve will be "completing the 180 million barrel release authorized in the spring," in response to price hikes
Major energy exporter Russia was hit with US and European sanctions soon after it invaded Ukraine in February, causing turmoil on markets
Thick black smoke sometimes billows from its red-and-white chimneys, leaving a grey haze in the air above the Zouk Mikael...
A Greenpeace study found that the surrounding Jounieh area ranked fifth in the Arab world and 23rd globally for cities most contaminated by nitrogen dioxide
The environmental group's 2018 study singled out the Zouk plant, built in the 1940s, as well as cars on a busy motorway and privately owned electricity generators