Economy - TRENDS MENA

Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust...

In late March, inflation-hit Egypt also devalued its currency, which lost around 18 percent of its value overnight.
Egypt's currency has not fallen so sharply since December 2016 when it hit 19.3 to the US greenback after a drastic devaluation.
With its food security under mounting pressure, Egypt in June said it would receive $500 million in financing from the World Bank.
The United Arab Emirates has formed a committee that aims to supervise and guide the development of the digital ecosystem...
The committee will also enhance readiness, competitiveness, flexibility and digital alignment between projects and digital systems in federal government agencies.
Ohood Khalfan Al Roumi, Minister of State for Government Development and The Future, will chair the committee.
Pre-tax earnings sank 15 percent to $9.2 billion.
Executives are expected to field questions about a restructuring bid from its biggest shareholder Ping An Insurance Group.
The bank rebuffed calls to spin off its Asian activities on the eve of a shareholder meet
UAE’s central bank said Monday that gross banks’ assets, including bankers’ acceptances, rose to AED3.44 trillion ($936 billion) at the...
The CBUAE said the gross credit grew by 2.6 percent, rising from AED1.81 trillion at the end of April 2022 to AED1.86 trillion at the end of May 2022.
Gross Credit rose due to 3 percent increase in Domestic Credit, overriding the 0.1 percent reduction in Foreign Credit.
Brokerage companies in Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022. The market...
Brokerage companies in Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022
The market witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental firms
Algerian President Abdelmadjid Tebboune has suggested that his country, Africa's largest natural gas exporter, could join the BRICS economic group...
Tebboune's comment of joining BRICS came after Russian President called on BRICS leaders to move towards "formation of a multipolar system of inter-government relations"
The President participated in a BRICS virtual summit at the end of June, when Putin called on leaders of the group to cooperate in the face of "selfish actions" from the West
US envoy Amos Hochstein arrived in Beirut Sunday to push talks to resolve a bitter maritime border dispute between Lebanon...
Hochstein met with Lebanon's Energy Minister Walid Fayad on Sunday, and is scheduled to meet with President Michel Aoun and prime minister Najib Mikati the following day
The maritime border dispute between Lebanon and Israel escalated in early June, after Israel moved a production vessel to the Karish offshore field, partly claimed by Lebanon
The initiative is part of the Service Excellence Programme, which builds on Qatar Tourism’s strategy, to enhance the visitor experience...
The initiative is part of the Service Excellence Programme, which builds on Qatar Tourism’s strategy, to enhance the visitor experience at every touchpoint along their journey
The programme involves a multi-pronged approach to ensure a seamless customer journey. In collaboration with stakeholders
Jordan king Abdullah urged coordination among state institutions to ensure the implementation of the modernisation roadmap.
Jordan king Abdullah urged coordination among state institutions to ensure the implementation of the modernisation roadmap
Prime Minister Khasawneh said that the roadmap identified seven pillars as top priorities for improvement and modernisation of public services
Libya's oil production has returned to the volume recorded before a months-long blockade that paralysed the economy, official sources said...
Oil production fell to around 400,000 barrels of crude per day during the mid-April to mid-July blockade
On July 15, Libya's new oil chief lifted force majeure at all the country's oil fields and export terminals