Economy - TRENDS MENA

It also seems to be extremely helpful for customers who want to pay for a purchase in installments or make...
BNPL payments in the UAE are expected to grow 89.4% on an annual basis to reach $1.82 billion in 2022
BNPL is not just for Gen Y and millennials; it is expected to see adoption by elderly individuals as well
Faced with surging inflation that is hitting poor families especially hard, which has sparked unrest in some countries, policymakers should...
"We've seen already in some countries people protesting when they see the price of food or basic items increasing very rapidly," said IMF chief economist Pierre-Olivier Gourinchas.
Governments can alleviate impact of the price jumps with "targeted measures to try to support vulnerable populations", he said.
The expected growth rate for 2022 reflects the rise in the growth of the Arab oil-exporting economies to 5.6 percent...
The expected growth rate for 2022 reflects the rise in the growth of the Arab oil-exporting economies to 5.6% due to the anticipated increases in the output of the oil sector
The growth rate of the Arab oil-importing economies is expected to reach a moderate level of 3.7 percent, reflecting the challenges facing their internal and external balances
The UAE has launched conventional AED denominated Treasury Bonds (T-Bonds) with benchmark auction size of AED1.5 billion ($400 million). The...
The bonds were launched by the Ministry of Finance (MoF) as the Issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent.
Subject to market conditions, the first auction date to be held in May 2022 is expected to be announced soon, followed by a series of periodical auctions.
The agreement is said to align with the objectives of the Fashion Commission to enhance collaboration and empower the sector...
The MoU sets out a framework for the creation of leadership roles furthering nationalization in the fashion retail sector
It is also to secure commercial spaces for the display of work by Saudi designers, and provide training courses in the field
Meanwhile, Italy is also looking into buying or renting two floating storage and regasification units (FSRU) to allow it to...
Italy is one of Europe's biggest guzzlers of gas, which currently represents 42 percent of its energy consumption, and it imports 95 percent of the gas it uses
The government hopes to reduce those imports by accelerating the investment in renewables and has vowed to cut red tape on wind and solar farms
Cultivating alternative energy sources is an urgent priority in India, which burns coal to meet nearly three-quarters of the energy...
This new energy source promises to help clean up India’s smog-choked cities
It is already providing a vital revenue stream for poor Indian farmers
The UAE Central Bank announced that the money supply aggregate M1 increased to AED 701.9 billion at the end of...
The rise in M1 was due to AED 16.6 billion increase in Monetary Deposits
The Money Supply aggregate M3 also increased by 1.5 percent, from AED 1,830.1 billion
The suspension of operations at Brega terminal, which has an export capacity of 60,000 barrels per day, follows a force...
Force majeure, a legal move, allows parties to free themselves from contractual obligations when factors such as fighting make meeting them impossible.
Oil installations have often been attacked or blockaded by armed groups who hold sway in Libya.
UAE’s real non-oil GDP grew by 7.8 percent in the fourth quarter of 2021, owing to the easing of business...
The growth was attributed to the easing of business closures and the decline in restrictions on international travel, the Central Bank of the UAE said.
The bank said there was a 9.3 percent annual increase in Emirati oil production during the same period, in line with a related OPEC+ agreement.