Economy - TRENDS MENA

Crude oil prices soared nearly 9% last week, marking the biggest weekly gain since March 2023, following a significant escalation...

IMF chief Kristalina Georgieva urged global policymakers to take concerted action as the risks of a worldwide recession are driven...
The IMF chief said that if central banks move too aggressively to tamp down price pressures, it could trigger a prolonged economic downturn.
Finance ministers and central bank governors from over 180 nations will gather in Washington for a meeting of the IMF and WB.
The move will help develop ADX derivatives market.
The addition of new contracts has doubled the total number of derivative products on ADX to 10 in less than a year.
Market participants will be able to trade on leverage and hedge their equity exposure using these contracts.
Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected...
Total air traffic in August soared up by two thirds from the same time last year, but was still only at 73.7 percent of its pre-Covid level.
Asia experienced the biggest rebound, where traffic more than tripled.
With the demand for gas rising worldwide because of an energy crisis sparked by Russia's invasion of Ukraine, Lebanon hopes...
Following years of US-mediated negotiations, the rival states now appear to be nearing agreement
A deal would allow "offshore exploration activities to continue, but that doesn't mean that Lebanon has become rich
The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development.
The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development
The global investment platform also announced its next annual conference on 1 and 2 March 2023 in Abu Dhabi
The failure to flesh out her economic plan failed to calm the jittery markets, however, and the pound slid 2.01...
Almost a month since she succeeded Boris Johnson, Truss has alienated voters, financial markets and many of her own lawmakers
Fitch said that the large and unfunded fiscal package announced as part of the new government's growth plan could lead to a significant increase in fiscal deficits
In 2021, Dubai hosted qualifying slaloms for the Beijing Winter Olympics in the refrigerated dome of a huge shopping mall...
Saudi investors have bought English football club Newcastle and are financing the breakaway LIV golf tour
The rivalry with the Qatari and Emirati neighbours, regional pioneers in sports diplomacy, remains constantly in the background
Oil prices had slid in recent weeks back to the levels before the war in Ukraine on concerns of a...
In Vienna, ministers from the 13-nation OPEC cartel and a group of 10 exporters led by Russia agreed to reduce production by two million barrels a day from November
It is the biggest cut since the height of the Covid pandemic in 2020 and came despite concerns it could fuel inflation further and push central banks to hike interest rates
Presenting a revision of their annual trade forecast, WTO economists said they expected the volume of global merchandise trade to...
"The picture for 2023 has darkened considerably. Today the global economy faces multi-prong crises," said WTO Director-General Ngozi Okonjo-Iweala.
The WTO said surging energy prices in Europe, stemming from the war in Ukraine, were expected to squeeze household spending and raise manufacturing costs on the continent.
Cynthia Zarazir, who was elected to parliament in May, is the latest in a growing number of angry depositors who...
Zarazir entered her bank branch in Beirut o demand $8,500 to pay for surgery costs not covered by her health insurance.
Also on Wednesday, a retired member of Lebanon's Internal Security Forces entered a bank in Beirut's southern suburbs to demand access to his savings.