Economy - TRENDS MENA

The 303km railway, with passenger trains traveling up to 200kmper hour, will join up with the UAE's national network that...
The railway will link Abu Dhabi with Oman's deep-sea Sohar port, which bills itself as a nexus of trade between Asia and Europe.
A multi-billion dollar railway linking the six Gulf Cooperation Council countries has languished since a feasibility study was approved in 2004.
The EU's executive proposed a new round of sanctions on Moscow over its latest "escalation" in Ukraine, including an oil...
As part of the new round of sanctions the commission is laying out a 'legal basis' for a price cap on Russian oil
It will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU.
The exchange rate has been officially pegged at 1,507 Lebanese pounds to the dollar since 1997, but will drop to...
Lebanon's local currency has lost more than 95 percent of its value on the black market since the 2019 onset of the country's financial crisis, branded by the World Bank.
The decision to shift the peg follows a visit last week by a delegation from the International Monetary Fund, which is pressing Lebanon to implement reforms.
Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the...
The UAE-Japan strategic partnership agreement aims to bolster relations between the two countries to advance their common interests.
The key areas of the partnership include diplomacy, enhancing international development, humanitarian aid efforts, business, trade, energy.
Jordan's The Royal Scientific Society (RSS) and the Princess Sumaya University for Technology (PSUT) discussed with the German Research Foundation...
A German Research Foundation (DFG) delegation visits Jordan and discusses scientific and research ties in the water sector.
The delegation included 22 researchers, professors and representatives from the German Academic Exchange Service (DAAD).
Firm buys stake for $68 million via its subsidiary IHC Digital
Emircom is the Middle East’s leading information and communications technology (ICT) provider.
This $68 million purchase comes as part of IHC’s strategy to grow its digital assets portfolio and expand into new growth areas.
The decision follows weeks of intensifying pressure from Washington for NATO member Turkey to limit its booming economic relations with...
Two private Turkish lenders that began processing Mir after President Erdogan met Russian counterpart Vladimir Putin in August suspended the transactions early this month
Mir cards offer millions of Russians that vacation in Turkey each year a way to access their rubles and pay for everything from restaurants to hotels
WTO Director-General Ngozi Okonjo-Iweala said Russia's war in Ukraine, the climate crisis, food price and energy shocks plus the aftermath...
She noted that the World Bank and the International Monetary Fund had both downgraded global growth forecasts, while indicators on trade numbers were "not looking too good".
She urged central banks to determine whether inflation was being caused by strong demand or whether the rise in prices was linked to structural problems on the supply side.
According to the report, the number of foreign tourists visiting the kingdom has surged 121 percent from January to July...
According to the report, the number of foreign tourists visiting the kingdom has surged 121 percent from January to July 2022
Saudi tourism sector is currently recovering from the fallout of the pandemic following preventive measures taken by the government
The bank, which has 49 members stretching from the Cook Islands in the Pacific to Kazakhstan in Central Asia, usually...
The financing would target among other things food production and distribution. ADB says 1.1 billion people in the region "lack healthy diets due to poverty and food prices".
The announcement comes after the bank recently cut its 2022 growth forecast for the region, to 4.3 percent from its April projection of 5.2 percent.