Economy - TRENDS MENA

Amman, Jordan--Jordan's import bill for crude oil, derivatives, and mineral oils saw a notable decline in January this year, according...

The move follows similar actions by European countries, which lifted the mask mandate partially or entirely.
Mask use would still be in place in mass transit and hospitals
It would go when the number of daily cases ‘drops below 1,000’
Jordan Free and Development Zones Group Director Arwa Hiyari said the beach project is aimed at diversifying tourism.
The project features a tourism camp housing restaurants, swimming pools and top-notch chalets of different sizes.
The project will also provide new services for Dead Sea visitors and create job opportunities, an official said.
Dubai real estate market recorded the highest number of transactions since 2010 registered in a single quarter and the highest...
Q1 2022 recorded a total of 20,539 sales transactions worth AED 55.51 billion ($15.11 billion).
The quarter had the highest number of rental contracts ever recorded in a single quarter and it had a total of 160,530 rental contracts.
Humanity is suffering from a "broken perception of risk", spurring us into activities and behaviours that cause climate change and...
The report estimated that by 2030, we will be experiencing 560 disasters around the world every year -- or 1.5 disasters every day on average
The sharp rise in disasters globally could be attributed to a "broken perception of risk based on optimism, underestimation and invincibility," UN said
Under its zero-Covid policy, China has used strict lockdowns, mass testing and severe travel restrictions to stamp out infections. But...
China is struggling with a new wave coronavirus infections, and it reported 52 new Covid deaths on Tuesday
Officials ordered people in 12 central districts to undergo three rounds of PCR testing
The Asian region faces a "stagflationary" outlook with economic growth being lower than previously expected and inflation being higher, a...
The regional outlook, which follows the World Economic Outlook released last week, shows the growth forecast for Asia cut to 4.9 per cent
Inflation is now expected to rise 3.2 per cent this year, a full point higher than expected in January
From pre-owned cars to electric vehicles, a number of trends are driving the growth of the automobile sector in countries...
Saudi imports of cars grew from 544,000 in 2020 to over 546,000 in 2021
Around 28% of those polled in the UAE said they prefer to buy a used car online
UAE’s Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber reviewed bilateral relations with Mostafa Madbouly, Prime Minister...
This includes traditional and renewable energy, advanced industries, infrastructure, tourism, agriculture
The two discussed on wind and solar energy, and finding opportunities for sustainable joint investments
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has approved a new housing package worth AED 6.3 billion ($1.71 billion)...
The package includes housing and land allotments for 4,610 Emiratis in the city, on the occasion of Eid al-Fitr and as part of the Housing Program for Dubai Citizens.
Al Maktoum also approved the development of a new housing complex in Al Khawaneej area 2, which will include 1,100 residential villas.
Soaring fuel prices in Morocco have placed billionaire petrol magnate Aziz Akhannouch -- who is also prime minister -- at...
Aziz Akhannouch last week had to try to explain to parliament the rise at the pump to a record $1.46 per liter of unleaded fuel.
At that level, filling a car's tank would eat into a substantial chunk of income when the minimum monthly wage is barely $280 in the North African nation.