- 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
- 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





















