Economy - TRENDS MENA

An IMF team said in March that the country faced "major structural challenges", with low growth and investment, along with...
Tunisian central bank's press office told AFP that the two-week visit would involve officials from the bank and the finance ministry.
The North African country, the birthplace of the 2011 Arab Spring uprisings, has been suffering under a grinding economic crisis.
The comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia this year will help the...
Comprehensive economic partnership agreements to help UAE's economy's growth by 2.6 percent by 2030
The UAE is holding talks with several other countries for signing similar agreements
Dubai Supreme Council of Energy on Monday discussed establishing a permanent committee to monitor petroleum product trading in Dubai and...
At its 71st meeting, the Council said that in 2021, savings were equivalent to 6.4 terawatts of electricity, approximately 12.5 percent of business as usual.
Since 2011, demand-side programs have contributed to avoiding 14.1 million tons of carbon dioxide emissions, saving nearly AED9 billion.
Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting...
Soaring gasoline prices in US are sapping Biden's approval rating ahead of legislative elections
White House Press Secretary said on Sunday that oil prices have dropped about $15 a barrel over the past month
Inflation in Turkey in June soared to an annual rate of 78.6 percent, the highest in 24 years, official data...
Economy Minister Nureddin Nebati on Friday "promised" that consumer prices will start dropping in December
The data showed that headline inflation was driven by a 123.4% jump in the cost of transportation and a 94% increase in non-alcoholic drinks.
Global oil prices may hit $380 a barrel if Russia were to announce crude oil cuts in response to the...
According to JPMorgan analysts currently Russia enjoys a strong financial position and it can afford to slash daily crude production by 5 million barrels
It was after Russia’s invasion of Ukraine that the Western allies led by the US imposed several sanctions, and worked out a complicated mechanism to cap the price fetched by Russia
The grace period decision included undocumented expats, who are currently still in the Kingdom
The grace period decision included undocumented expats, who are currently still in the Kingdom
The ministry said the guest workers must regularise their status and pay work permit fees and fines for delays in issuing these permits
White-robed worshippers from across the world have packed the streets of Mecca as Islam's holiest city prepares to host the...
At least 650,000 overseas pilgrims have arrived so far in Saudi Arabia, the authorities said Sunday
One million vaccinated pilgrims under the age of 65 will attend the hajj under strict sanitary conditions
Two women, one Austrian and the other Romanian, were killed in a shark attack this week off the coast of...
The Red Sea is a popular tourist destination, where sharks are common but rarely attack people swimming within authorised limits
In 2018, a Czech tourist was killed by a shark off a Red Sea beach and a similar attack killed a German tourist in 2015
Jordan's Gross Domestic Product (GDP) at constant market prices grew by 2.5 percent in quarter one of 2022, compared to...
The Department of Statistics (DoS) of Jordan said economic sectors rose in quarter one of the current year.
Hotels and restaurants sector came first with 6.8 percent, followed by construction sector with 5.3 percent.