Economy - TRENDS MENA

Authorities concerned say that since 2020, requests for passport renewals have been ten times higher than in previous years.
Grappling with its worst-ever financial crisis, Lebanon has undergone a massive population exodus that is only worsening as politicians fail to chart a path towards recovery.
According to an Arab Barometer survey published this month, around half of Lebanon's population is looking to exit the country.
With a capital of approximately AED370 million, the Fund aims to drive Dubai’s economic growth and fortify its position as...
With a capital of approximately AED370 million, the Fund aims to drive Dubai’s economic growth and fortify its position as a global hub for financial technology
The Fund is set to contribute around AED3 billion to the emirate’s GDP during the implementation period, which will run for eight years
The Central Bank of the UAE said that total bank deposits increased by 0.3 percent, climbing from AED 1,982.4 billion...
The bank said the rise in total bank deposits was due to growth in Resident Deposits by 0.5 percent, overshadowing the reduction in Non-Resident Deposits by 1.4 percent.
The Money Supply aggregate M1 increased by 0.8 percent, from AED 706.5 billion at the end of January 2022 to AED 712.1 billion at the end of February 2022.
The company recorded sales of SAR 8.9 billion, up by 64%.
The company recorded sales of SAR 8.9 billion, up by 64 per cent from the same quarter last year
EBITDA stood at SAR 4.4 billion, up by 101 per cent compared to the same quarter of 2021
DFZ Council chairman Sheikh Ahmed underlined the significance of facilitating the investor journey role in strengthening the UAE’s position as...
DFZ Council chairman Sheikh Ahmed underlined the significance of facilitating the investor journey role in strengthening the UAE’s position as a preferred investment destination
The Council also explored a new phase of the Invest in Dubai platform that adds 80 new services, including electronic connectivity through a single portal
Legal and business leaders tell TRENDS that the new legislation is in line with the industrial modernization roadmap that the...
The changes in the new labor law are fairly substantial and necessitate amendments to existing employment contracts
They also call for modifications to policies and procedures concerning future agreements with new employees
The UAE and Turkey are in final talks regarding the launch of a comprehensive economic partnership agreement, according to the...
The new partnership is expected to double bilateral trade between both countries.
Bilateral trade between the UAE and Turkey has climbed 80 percent over the past three years.
The International Monetary Fund's 2022 growth forecast for the region, which includes Arab countries and Iran, was forecast at 5.0...
The predicted growth masks the disparities between the region's 22 countries--from oil exporters to nations wracked by war and others that depend heavily on wheat and fuel imports.
An IMF report said inflation in MENA surged to 14.8 percent in 2021 and is projected to remain elevated at 13.9 percent this year, largely due to higher food and energy prices.
The spending through the month of April has been widespread, including a broader increase in sales volume and a diversification...
Saudi spending on travel, accommodation, and dining in restaurants rose by 37% in Ramadan 2022
Consumers in the MENA are predicted to spend US$ 6.2 bn online during Ramadan in 2022
The CEPA was signed in New Delhi on February 18 in the presence of Crown Prince of Abu Dhabi Mohamed...
The CEPA was signed in New Delhi on February 18 in the presence of Crown Prince of Abu Dhabi Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi
The first in a series of countrywide outreach programmes was held in Hyderabad in India this week, organised by the Government of Telangana state