Economy - TRENDS MENA

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

The Islamic Development Bank (IsDB) has approved a $1.12 billion financing for development projects in various sectors in nine member...
In the Republic of Uganda, the financing of US$ 100 million, part of the Islamic tranche, will enable the country to untap its oil reserves and export oil to international markets
In the Health sector, sovereign financing of $207 million was approved for the Strengthening of the National Referral Hospital on Oncology Center for Indonesia
The Gulf countries assist loan defaulters by delaying payments or exempting those who can't pay to save emerging companies and...
The Gulf countries assist loan defaulters by delaying payments or exempting those who cannot pay to save emerging companies and prevent their accumulation of financial burdens
Loan exemptions in sectors such as housing, health, marriage and investments are estimated to be in millions of dollars across the region
The state funeral for Queen Elizabeth II will be held at Westminster Abbey in London at 11:00 am (1000 GMT)...
Buckingham Palace also confirmed that the queen, who died on Thursday aged 96, will then be taken to St George's Chapel at Windsor Castle.
The queen's coffin will be taken on a 180-mile (290-kilometre) trip by road from the remote estate to the Palace of Holyroodhouse in Edinburgh.
Over 200 senior officials convened in the "Ambassadors Forum", organized by the World Government Summit Organization in partnership with UAE...
The summit discussed role of diplomacy in shaping future governments and achieving global prosperity.
UAE Minister of Economy spoke on the critical priorities for governments in the next decade.
President of Foodstuff Traders Association (FTA), Khalil Haj Tawfiq, said India's decision to restrict its exports of some rice varieties...
India's decision will not affect availability of rice in Jordan's local market, neither hike its prices.
The decision of banning export of certain varieties of rice are not imported by Jordanian traders.
Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th...
The theme reflects the UAE’s vision of advancing climate action and strengthening partnerships.
It also reflects international efforts to achieve climate goals.
Egypt has raised customs dollar to its highest level in history, a measure likely to inflate the price of imported...
The Egyptian Ministry of Finance raised the price of the customs dollar to 19.31 Egyptian pounds with immediate effect
In June, the Egyptian government released the customs dollar price, which was recorded at 18.64 pounds, at that time equal to the dollar price in banks
The Kremlin said that President Vladimir Putin will discuss with Turkish President Recep Tayyip Erdogan a deal allowing grain exports...
The agreement between Russia and Ukraine, brokered by Turkey and the United Nations, designated three ports to send grains through a Russian blockade.
Putin claimed most consignments were arriving in Europe, not poor countries where grain was needed most.
ADNOC says domestically produced natural gas is more commercially competitive compared to imported coal or gas and it will support...
The natural gas will be used to generate electricity at Dubai Electricity and Water Authority (DEWA)’s Independent Power Producer Hassyan Power Complex.
The Complex was initially built to operate full-time at full load on both natural gas or clean coal but has been transformed to run only on natural gas.
The Chairman of the Ajman Chamber of Commerce and Industry (ACCI) recently received an economic delegation from the Russian Federation...
ACCI Chairman highlighted investment opportunities in the real estate, building and construction sectors to the Russian delegation.
The Chairman stressed Ajman Chamber's keenness to develop economic ties and attract investors to the emirate.