Economy - TRENDS MENA

Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the...

It was just the latest in a string of heists as Lebanese depositors, whose savings have been trapped in banks...
Sali Hafiz streamed a live video of her raid, in which she could be heard yelling at employees to release a sum of money while entrances to the bank were sealed.
She instantly turned into a folk hero on social media in Lebanon, where many are desperate to access their savings and furious at a banking sector perceived as a corrupt cartel.
In the EU's electricity market, the price is based on the last source used to meet demand -- often a...
Wholesale energy prices thus soared together when the war in Ukraine sent the cost of gas skyrocketing.
Commission chief Ursula von der Leyen said the levy, or cap, would raise at least $140 billion. The commission wants to reduce monthly consumption by 10 percent.
By the end of 2022, the UAE is expected to attract more than 4,000 high-net-worth individuals, mostly from India, Russia,...
Around 25 percent of GCC's millionaires are moving to the UAE. At the same time, others are relocating to other regions like the UK, US and Europe.
The total private wealth of the wealthy in the UAE increased by US$46 billion between 2019 and 2021, to nearly US$917 billion, according to a Global Citizens report.
BERLIN, GERMANY - German investor confidence fell in September for a third straight month, a closely watched survey showed on...
The ZEW institute's economic expectations index dropped 6.6 points from the previous month to minus 61.9 points.
For its survey, ZEW quizzes experts about the current economic situation and the outlook for the coming six months.
India, the incoming President of the Group of Twenty (G-20) announced that it will invite the UAE as one of...
The G-20 accounts for 85 percent of global GDP, 75 percent of international trade and two-thirds of the world population.
This is the first of a series of announcements being made by India preparatory to its assumption of the G-20 Presidency on December 1, 2022.
A UAE economic delegation led by Minister of State Ahmed Ali Al Sayegh visited Tbilisi, Georgia.
UAE-Georgian economic relations have witnessed remarkable development in recent years.
Total non-oil trade between UAE and Georgia in 2020 and 2021 grew by 52 percent to reach US$223 million.
UAE's Telecommunications and Digital Government Regulatory Authority (TDRA) has announced that it has become a member of the European Foundation...
Telecommunications and Digital Government Regulatory Authority will support the implementation of EFQM's leading approach.
TDRA will utilize the integrated services provided by the EFQM to better equip its own teams to drive excellence.
PPPs boost efficiency, increase transparency in funds management, simplify processes that have cost implications, and integrate technologies, said ECI CEO
PPPs boost efficiency, increase transparency in funds management, simplify processes that have cost implications, and integrate technologies, said ECI CEO
ECI, Falcioni added, has partnered with private companies and government institutions to enhance public infrastructures in and outside the UAE
Thanks to falling gasoline prices, US inflation has slowed down in August, but not enough to satisfy policymakers, especially President...
Prices have been soaring for months, exacerbated by the Russian invasion of Ukraine, which has impacted energy and food prices
Inflation also has become a hot political issue just weeks away from key midterm congressional elections, and Biden has made fighting high prices his top domestic priority
An integrated iron sheet production complex with a capacity of 1.2 million tonnes per year is one of the projects.
An integrated iron sheet production complex with a capacity of 1.2 million tonnes per year is one of the projects
A factory will also be established to produce circular iron blocks with an estimated production capacity of one million tonnes per year