Economy - TRENDS MENA

Age bias in the world of work is real. But it is more complex and nuanced than the common narrative...

Qatar on Tuesday announced two major solar projects that will more than double its energy output from the renewable source...
The plants at Mesaieed and Ras Laffan will take Qatar's solar output to 1.67 gigawatts by the end of 2024, Qatar Energy said in a statement.
South Korean conglomerate Samsung will lead construction of the new solar plants, with an initial investment of more than $600 million.
Aldar Properties said Tuesday that it has recirculated AED8.8 billion ($2.39 billion) to the local economy through In-Country Value (ICV)...
The ICV aims to boost economic performance and support local industries by redirecting higher portions of public spending into the national economy.
In its sustainability report, Aldar said that Aldar Projects also signed development project contracts worth AED8.5 billion, including 16 contracts with UAE-based companies.
Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out in July 2022 amounted to 2,417 transactions...
The department's statistics reveal that Muwaileh Commercial area had the highest number of sales transactions in Sharjah,
SRERD monthly report showed that sales transactions were recorded at 24.3 percent
Cast metal sales rose 11% compared to H1 2021.
EGA noted this is its best ever half yearly performance as the first half of 2022 exceeded the net profit of entire 2021.
EGA's adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was $2.07billion in H1 2022.
Dubai Electricity and Water Authority (DEWA) has announced breaking its own world record in major inspection outage duration for the...
DEWA has reduced the maintenance outages for critical inspection operations from 11 days to nine days.
There is a reduction in the maintenance duration of 84 percent compared to 2006.
A Central Bank of Iraq report showed that the unemployment rate rose to 16.5 percent in 2021, compared to 11.9...
A Central Bank of Iraq report showed that the unemployment rate rose to 16.5 percent in 2021, compared to 11.9 percent in 2012
As for imports, they decreased from $50 billion in 2012 to $34 billion in 2021, as well as exports which decreased from $94 billion in 2012 to $73 billion in 2021
According to a CBK statement carried by state news agency KUNA, the new securities have a return rate of 2.625...
According to a CBK statement carried by state news agency KUNA, the new securities have a return rate of 2.625 percent
On August 8, the bank issued bonds and Tawarruq valued at US$ 526 million with a three-month term and return rate of 2.375 percent
World stocks sank Monday and the dollar rallied on concern the Federal Reserve will stick to its interest rate-hiking plans...
The euro is under pressure after Russia's Gazprom said late Friday that the Nord Stream pipeline would be closed for maintenance.
Oil slumped on speculation over an Iran nuclear deal that could ease a supply crunch caused by producer Russia's invasion of Ukraine, as well as recession fears.
Producer prices in Oman increased by 40.7 percent during the second quarter of 2022 The producer price index in the...
The rise in the index was due to the 48.7 percent rise in oil and gas products and a 40.7 percent increase in non-oil products.
The price of non-oil products rose due to the increase in the prices of the manufacturing group by 9.4 percent, and the mining, electricity and water group by 1.8 percent.
The Arab Monetary Fund (AMF) said that the Abu Dhabi Securities Exchange (ADX) was ranked first in the Arab region...
ADX was ranked first in the Arab region in 2021, in terms of buy and sell transactions by foreign investors, says AMF
Buying transactions by foreign investors in ADX totaled $32.2 billion at the end of last year