Economy - TRENDS MENA

The Taiwanese tech giant Foxconn has moved to diversify beyond electronics assembly and embraced the competitive but rapidly expanding EV...
The world's largest contract electronics maker, Foxconn already plays a lynchpin role in assembling gadgets for a host of top international brands including Apple's iPhones
Foxconn has also started building electric vehicles for Lordstown Motors after completing its purchase of a former General Motors plant in Lordstown, Ohio in May
The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term.
The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term
The estimates of the OECD report for the Kingdom contradict the bleak and ambiguous outlook that stems from the Russian-Ukrainian crisis
The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil.
The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil
GCC's position in supporting Russia in its conflict with Ukraine, Europe, and the US, have raised many problems, but nowhere more so than in Asia
State Department spokesman Vedant Patel told reporters that Russia deepening an alliance with Iran is something the whole world, especially...
Secretary of State Antony Blinken said the drone strikes showed the need to provide "everything possible" to Ukraine as its forces gain ground against Russian invaders
US officials have previously said that Russia, historically a major arms exporter, is also turning to North Korea while China has rebuffed calls for assistance
Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of...
Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of tourism or work
The UAE is Japan's tenth largest trading partner in the world and is home to more than 340 Japanese companies operating in various sectors
The organizer said he did not want the gathering "to become a political platform". The decision not to invite American...
The Future Investment Initiative (FII), a three-day conference set to begin on Oct 25 in Riyadh, typically draws Wall Street titans and high-ranking officials from around the world
Up to 400 American CEOs are expected to participate this year, said Richard Attias, CEO of the group behind the event. It is often referred to as "Davos in the Desert".
Fuel workers voted to continue stoppages at several refineries run by TotalEnergies, the coordinator for the hard-left CGT union Eric...
Leading unions have called for strikes Tuesday in their biggest challenge yet to President Emmanuel Macron
The French government, increasingly impatient with striking workers, said it was forcing key staff back to work
UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and...
Under the agreement UAE and Chile will exchange information, knowledge and expertise, hold high-level meetings to discuss issues.
The two sides will organise relevant academic research and enhance their cooperation in clean and renewable energy.
The Lebanese pound has been officially pegged at 1,507 to the dollar since 1997, a rate that has not reflected...
The pound's market value fell to over 40,000 to the greenback, after it had stabilized at around 38,000 for weeks.
The pound sank further as the country, led by a caretaker government, heads into presidential elections next month.
"As with the Covid-19 pandemic, it is once again the most vulnerable that are paying the price of world events....
"It is not hyperbole to say that unless governments increase benefits and wages in line with inflation, lives will be lost," said De Schutter.
The expert also urged countries to involve people living in poverty in designing policies aimed at tackling the soaring cost of living.