Economy - TRENDS MENA

The Fed's benchmark lending rate currently sits at a 23-year high of between 5.25 and 5.50 percent, cooling demand in...

NAFIS.. Your Way, a campaign that will highlight the success stories of talented Emiratis in the private sector and the...
The campaign was launched by Emirati Talent Competitiveness Council (ETCC), which is chaired by Sheikh Mansour bin Zayed Al Nahyan and ETCC Board Chairman.
The campaign will showcase ambitious Emiratis around the UAE working in diverse roles within the private sector.
The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company,...
MoFAIC and ECI agree to work together to position the UAE as an ideal destination for trade and investment
They will highlight the UAE's stable and secure environment, investor-friendly legislation and advanced trade finance infrastructure
Buyer-seller meets in the UAE on agricultural and food products with registered geographical indication (GI) tags, a week-long mango festival...
Buyer-seller meets in the UAE on agricultural, food products with registered geographical indication tags helped boost India's exports
A week-long mango festival in Bahrain, and an international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman also helped
The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU),...
The move will help the UAE’s sustainable, evolving approach to the global fight against money laundering and terrorist financing
The decision was made following multiple meetings and discussions among the MoE, MoJ, FIU, and other competent authorities in the UAE
The number of families that are provided inflation allowance under the UAE's Social Welfare Programme for low-income citizens, has reached...
The inflation allowance is provided for food, water and electricity and fuel.
Electricity and water subsidies will be paid to eligible categories for the inflation allowance in September.
Senate Finance and Economic Committee has approved a slew of amendments to the Jordanian General Sales Tax Law 2021, referred...
According to Jamal Sarayrah, head of the committee, amendments seek to bring about adherence to tax payment and reduction in tax evasion
The committee will develop a set of recommendations on the the draft law, which would then be submitted to Senate's presidency for deliberation
The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission...
The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission for Western Asia, and the UNIDO
The strategy aims to create a regulatory environment that encourages the responsible use of AI and its applications to improve the efficiency of the public sector
A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week.
A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week
Oil prices got support after OPEC+ decision of increase in production starting next September, by 100,000 barrel per day
Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording over 183 growth compared to the 2.52...
The number of tourists recorded in H1 2022 was close to the numbers achieved in the first six months of 2019
Western Europe accounted for a significant share of tourist arrivals, comprising 22 percent of total international visitors in H1 2022
Qatar Central Bank’s (QCB) foreign currency reserves and liquidity increased 2.79 percent to reach QR 211.32 billion ($58bn) in July...
The rise in reserves driven by an increase in the central balances of bonds and foreign treasury bills.
The reserves consist of four categories: foreign securities, balances with foreign banks, gold, and Special Drawing Rights (SDR).