Economy - TRENDS MENA

The Central Bank of the UAE (CBUAE) and Qatar Central Bank (QCB) have decided to keep interest rates unchanged, following...

The Kingdom of Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021, the...
Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021
The share of oil exports in total exports increased from 72 percent in May 2021 to 80.6 percent in May 2022
Russia's top diplomat reassured Egyptian leaders Sunday that their orders for Russian grain would be met as he began a...
Foreign Minister Lavrov said that Russian exporters of cereals will fulfil their orders and provide grains to Egypt and other countries
Lavrov's visit comes hot on the heels of a landmark deal Russia and Ukraine signed on Friday with the United Nations and Turkey
Mercer’s 2022 Cost of Living City Ranking ranks the emirate the 31st most expensive city in the world.
Mercer survey is aimed at providing employers data to help them navigate compensation strategies for their mobile employees in the world.
Urkaine conflict, rising inflation and volatility of markets has affected the cost of living for most of the people in the world.
The Higher Committee for Development and Citizens Affairs, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince...
The Higher Committee for Development and Citizens Affairs approved immediate allocation of 2,000 residential plots at Umm Nahad Fourth area
The step comes as part of the Housing Program for Dubai Citizens to meet the requirements and needs of Emirati families
A Joint Operations Center for Saudi Banks tasked with following up and monitoring cases of financial fraud that bank customers...
The center brings together all Saudi banks under one roof to improve the customer experience and tackle confirmed cases of financial fraud.
The Center’s establishment came from from the Saudi Central Bank’s support for the stability of the banking sector, said SAMA governor.
Dubai Electricity and Water Authority (DEWA) has commissioned 287 11kV substations in Dubai in the first half of 2022. This...
These 287 11kV substations are primarily in Al Merkad, Jabal Ali First, Saih Shuaib 2, Al Jadaf and Burj Khalifa areas
Building these substations included 177,875 working hours as per the highest quality, efficiency and safety standard
US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the...
The Fed holds its two-day policy meeting next week, where it is expected to hike the benchmark borrowing rate on Wednesday by another three-quarters of a percentage point
Officials have said the US economy is strong enough to withstand higher rates without a serious downturn, but others say they are overly optimistic
Egyptian smallholders grow nearly half of the country's crops, a lifeline role increasingly important after grain imports were stalled by...
Egypt relied on Russia and Ukraine for 80 percent of its imports for wheat, providing the flour for Egypt's traditional flat bread
In March, Cairo ordered farmers to grow wheat, calling the "compulsory delivery" orders a "patriotic duty"
The Kingdom has allocated $5.3bn to deal with the fallout of rising global prices, with half of the fund going...
The Kingdom has set aside $5.3bn to deal with the fallout of rising global prices, with half of the fund going to social insurance beneficiaries and the Citizens' Account program.
According to the recent data issued by Saudi Arabia’s General Authority for Statistics, inflation rose marginally to 2.3 percent year-on-year in June 2022
The Permanent Committee for Labor Affairs has reiterated its commitment to collaborate with private and social organizations to consolidate the...
The Permanent Committee for Labor Affairs said it will collaborate with private, social organizations for progressive labor policies in Dubai
PCLA said it pursues workplace campaigns and community initiatives to improve workers’ standard of living and working