Economy - TRENDS MENA

Mahmud Aguil has a comfortable house in Libya's capital Tripoli, but chronic power outages in the war-battered country and roasting...
The electricity crisis is just the latest trial for Libyans after a decade of insecurity, fuel shortages, crumbling infrastructure and economic woes
Supporters of the eastern camp have restricted production at key oil facilities in recent months to pressure Dbeibah to transfer power to Bashagha
The two sides signed several agreements to implement double taxation and the Cultural and Technical Cooperation Program 2022-2025.
The two sides signed several agreements to implement double taxation and the Cultural and Technical Cooperation Program 2022-2025
They decided to work for increased cooperation in the economy and commerce, as well as higher education, transportation, energy and agriculture
The tighter monetary policy from US Fed and the continued raising of interest rate will have an impact in the...
The tighter monetary policy from US Fed and the continued raising of interest rate will have an impact in the GCC, says Simon Ballard, chief economist of First Abu Dhabi Bank.
Ballard believes GCC governments will need to address the underlying levels of spending support for consumer through continued stimulus packages
US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and heaping pressure on...
Government data released Wednesday showed a sharp, faster-than-expected increase in the consumer price index compared to May driven by significant increases in gasoline prices
The war in Ukraine has pushed global energy and food prices higher, and US gas prices at the pump last month hit a record of more than $5 a gallon
The country raised the price of a litre of 80-octance gasoline from EGP7.5 to EGP8 (US$0.424), a litre of 92-octance...
The country raised the price of a litre of 80-octance gasoline from EGP7.5 to EGP8 (US$0.424), a litre of 92-octance from EGP8.75 to EGP9.25 (US$0.49)
The fuel committee convenes on a quarterly basis to assess the prices of petroleum products and amends them in accordance with the international price of Brent crude oil
Global stocks fell Wednesday and the euro dipped below $1.00 for the first time in nearly 20 years after data...
Stock prices on Wall Street retreated after a sharp uptick in US inflation to 9.1 percent in June increased the risk of a possible recession
The economic prospects for the 19-country eurozone are also darkening as a possible halt to Russian gas supplies increases the risk of recession
Blockchain technology has put creators at the center and allows them to capture and distribute their value efficiently, safely and...
Due to high engagement yet low revenues on social media platforms, many creators are looking for new ways to monetize, says Franck Mandon, COO of the MILLION platform
With a roughly US$ 20 bn market value, it's the fastest-growing sort of small business, with each creator operating more like a startup than an individual, he adds
The Paris-based agency cautioned that the global economic recovery could be derailed unless governments take measures to reduce consumption and...
The IEA now expects oil demand to rise this year to 99.2 million barrels per day (mbd) and to 101.3 mbd next year.
Meanwhile, supply climbs to 100.1 mbd this year. But even if it hits an expected record of 101.1 mbd next year, it will fall below demand.
Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their...
Its latest such move had been in late June, when the NOC said Libya had foregone some $3.5 billion due to a blockade of eastern oil facilities since mid-April.
The blockade on the oil facilities was enforced by groups demanding Dbeibah's departure and a handover to the rival administration of Fathi Bashagha.
Confidence in the positive short-term economic outlook increased despite the current decline in the Purchasing Managers' Index, the MOMR noted.
Confidence in the positive short-term economic outlook increased despite the current decline in the Purchasing Managers' Index, the MOMR noted
The June PMI declined to 54.8 from 55.6 in the prior month, marking the 19th-straight month of growth in non-oil private economic activities, the report added