Economy - TRENDS MENA

The agency's report, published ahead of meetings of International Monetary Fund, the World Bank, and also of G20 finance ministers...
The UNDP warned that dozens of developing nations were facing a rapidly deepening debt crisis and that the risks of inaction are dire.
The UN agency said debt troubles had been brewing in many of the affected countries long before the Covid-19 pandemic hit
Erdogan still hopes to bring Putin and Ukrainian President Volodymyr Zelensky together for truce talks that neither side particularly wants...
Erdogan has not yet commented on the mass Russian strikes across Ukraine on Monday, which killed at least 19 people and wounded more than 100
Turkish ForeigN Minister held a phone call with Ukrainian counterpart Dmytro Kuleba after the attacks, a Turkish diplomatic source said, without elaborating further
The UN and Oxfam have previously decried the unequal distribution of vaccines from richer Western countries to lower-income ones, particularly...
Oxfam also found that two-thirds of countries failed to increase their minimum wage in line with gross domestic product
It delivered a withering criticism of most nations, arguing that the pandemic should have been a "wake-up call" to act on poverty in general
The week had already seen action taken by the BoE and UK government aimed at bringing calm to markets. The...
In a statement, the BoE said the latest action would "act as a further backstop to restore orderly market conditions".
In more positive news, official data Tuesday revealed British unemployment fell to a near 50-year low at 3.5 percent
The PBOC said the renewal would help deepen bilateral financial cooperation, facilitate trade and investment, and maintain the stability of...
The PBOC said the renewal would help deepen bilateral financial cooperation, facilitate trade and investment, and maintain the stability of the financial market
A currency swap sees two parties agree to exchange a certain amount of foreign currency at a pre-determined rate, protecting against fluctuations
The Mesopotamian Marshes, a UNESCO World Heritage site, have been battered by low rainfall and reduced flows in the Tigris...
The mass exodus began in April after more than 2,000 buffaloes had died as a result of the drought
Iraq's water resources minister said that 2022 has been "one of the driest years Iraq has seen since 1930."
Dubai real estate market recorded 445 sales transactions worth US$321 million, in addition to 68 mortgage deals of $121 million...
Dubai real estate market recorded 445 sales transactions worth $321 million.
The market witnessed 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million.
Riyadh, Saudi Arabia-- Saudi Arabia's Industrial Production Index in August 2022 increased by 6.8 percent compared to August 2021. The...
In August 2022, mining and quarrying grew by 15.5 percent compared to August 2021.
The manufacturing activity increased by 22 percent compared to the same month of the previous year. The electricity and gas supplies increased by 11.3 percent.
A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a...
A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a visit to Oman.
The Saudi delegation met with Oman's Minister of Transport, Communications and Information Technology Saeed Al-Mawali and Minister of Economy Saeed As-Saqri.
The Algerian and French prime ministers hailed a "new dynamic" as they launched a joint economic forum during a visit...
Borne and her delegation are the latest in a string of top European officials to visit Algeria.
The two-day business forum was organized by the Algerian Chamber of Commerce and Industry and Business France, a government agency.