Economy - TRENDS MENA

The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...
Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
It remains without not only a new government but a budget too, obstructing much-needed reforms and infrastructure projects in the...
The government can't invest that money without an annual state budget, which Mustafa al-Kadhemi is not authorised to submit to parliament in his capacity as caretaker PM.
Former finance minister Ali Allawi, who had prepared a reform plan that never materialised, blamed the "political framework" for obstructing progress.
President Joe Biden, who has seen his approval erode in the face of surging prices, cheered the data as a...
The economy added 263,000 jobs last month, showing a steady slowdown from the blistering pace in 2020 and 2021
Over the past 12 months, average hourly earnings have increased by 5.0 percent, still high but a slowing from the pace seen over the past year
An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc.
An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc
The AAA-rated issuance was executed in line with the bank’s $4.1 billion financing plan for 2022
Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending...
A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.
The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.
The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience
DAFZ is likely to announce the launch at GITEX 2022, to be held from October 10-14 at the Dubai World Trade Centre
The Jordanian-German discussions covered a wide range of vital sectors including education, water and renewable energy
The Jordanian-German discussions covered a wide range of vital sectors including education, water and renewable energy
The aid also comprises 15 million euros as an additional grant for the National Water Carrier Project
The package will help meet Ukraine's "urgent balance of payment needs... while playing a catalytic role for future financial support...
The IMF also said Ukrainian authorities deserve considerable credit for having maintained an important degree of macro-financial stability
IMF Managing Director Kristalina Georgieva said that key policies have been geared toward safeguarding priority expenditures and preserving financial stability
While Saudi Arabia has said it does not use oil as a political tool, US experts see this as a...
The move may have ‘serious consequences’ for Saudi Arabia and irreparable damage to its relationship with the Biden administration, warn analysts
Economists in Europe, meanwhile, worry that the OPEC+ decision to cut oil production will deepen the continent’s economic and energy woes
Delegations from France and Italy have visited the Expo Center Sharjah to discuss ways to strengthen cooperation and exchange expertise...
The meetings were held on the sidelines of the 50th edition of the Watch & Jewelry Middle East Show.
The delegations toured the exhibition and looked into ways to work with the center.