Economy - TRENDS MENA

Sri Lanka's embattled president flew out of his country to the Maldives early Wednesday, in a probable prelude to his...
Gotabaya Rajapaksa had promised at the weekend to resign on Wednesday and clear the way for a "peaceful transition of power" after fleeing his official residence in Colombo
Rajapaksa is accused of mismanaging the economy to a point where the country has run out of foreign exchange to finance even the most essential imports
The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut...
The European single currency hit exactly one dollar -- its lowest level since December 2002 -- before bouncing back somewhat
But Wall Street stocks weakened as the session progressed, as investors nervously await Wednesday's consumer price report
The four-way meeting in Istanbul comes with Russia's invasion of Ukraine showing no sign of abating.
The four-way meeting in Istanbul comes with Russia's invasion of Ukraine showing no sign of abating
Ukraine is a vital exporter of wheat and grains such as barley and maize and supplies nearly half of all the sunflower oil traded on global markets
Brent oil futures closed Tuesday under $100 a barrel for the first time in three months as recession worries cloud...
The US benchmark, West Texas Intermediate, fell 7.9 percent to finish at $95.84 a barrel
The drop in the currency market is "raising concerns that Europe is going into recession
Closing gender gaps remains a critical driver of national prosperity. Countries that invest in all of their human capital and...
At 63.4%, Middle East and North Africa have the second-largest gender gap yet to close, with the UAE, Israel and Lebanon being the highest performing countries
After a big COVID hit, the gender gap hasn’t bounced back across the globe, according to the World Economic Forum’s Global Gender Gap Report 2022
The Gulf countries have taken several measures to increase the local employment, especially in UAE and Saudi Arabia. This week's...
The Gulf countries have taken several measures to increase the employment, especially in the UAE and KSA. This week's TRENDS Infographic looks at job situation in the region
The measures have led to an increase in employment in most of the GCC countries, but the Ukraine-Russia crisis, global economic turbulence and Covid-19 may pose challenges
The region is better placed to deal with global slowdown as oil and gas prices will stay high due to...
The region is better placed to deal with global slowdown as oil and gas prices will stay high due to supply restrictions, Jean Claus, CEO of Allianz Trade Middle East, tells TRENDS
Regional GDP growth is expected to be +2.7 percent in 2023 in an 'adverse scenario', slightly lower than the +3.1 percent expected in the baseline scenario, Claus adds
France's central bank said Tuesday it will push ahead with the second phase of its experiment with a digital euro...
Last year, the Banque de France successfully completed the first stage of its experiment with a central bank digital currency.
The experiment is aimed at rolling out the cryptocurrency next year.
The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in...
Oil prices meanwhile fell heavily on concerns of a wider recession as central banks hike interest rates to fight decades-high inflation.
European stock markets fell approaching the half-way mark and in the wake of overnight losses in Asia and on Wall Street.
Iraqi Kurd Haresh Talib says he struggles to get paid and his children's schooling is disrupted in his conflict-riddled country,...
In November, at least 27 migrants, most of them Iraqi Kurds, drowned in attempt to cross English Channel from France to Britain
Two out of three households in Iraqi Kurdistan rely on a government salary or pension, but payments are chronically late