Economy - TRENDS MENA

With dollars dominating the country's economy, Baghdad has imposed a series of restrictions on the use of American greenbacks domestically....

The international credit rating agency ”Fitch” updated its credit report for Saudi Arabia affirming its “A” rating for the Kingdom...
Fitch’s outlook revision makes Saudi Arabia one of the few countries globally, and the only G20 country, to have received two consecutive upward outlook revisions in 2022
Fitch also forecasts the government debt to GDP to remain below 30% until 2025, which is approximately half the median level of comparative countries with similar credit ratings
Motorists in Iraq formed long queues for fuel Thursday after some owners of filling stations shut off their pumps to...
Iraq is the second largest producer in the Organization of the Petroleum Exporting Countries.
But the country, with a population of about 41 million, is also grappling with a major energy crisis
UAE’s Federal Tax Authority (FTA) has announced the launch of Raqeeb, the whistle-blower program for tax violations and evasion, which...
Effective from April 15, 2022, Raqeeb allows the Authority to receive reports from individuals on tax evasion cases, tax-related fraud, and violations of tax legislation.
It also allows the Authority to verify the reports and grant monetary rewards to informants when certain conditions are met.
In an effort to ease Americans' pain at the gas pump, President Joe Biden has announced his administration will ease...
In 2011, the US Environmental Protection Agency approved the use of E15 following research on its pollution impact.
According to the White House, at today's prices, E15 can save an average of 10 cents per gallon of gasoline.
The war in Ukraine has "multiplied risks" for the Middle East and North Africa's poorer countries by raising food and...
World Bank president David Malpass said this week that the Russian war on Ukraine has started a chain reaction in the global economy, pushing energy and food prices higher
Oil-exporting economies are expected to grow 5.4 percent on the back of the recovery from the pandemic, the expected increase in oil output and high oil prices
The war in Ukraine has undercut the global recovery, slowing expected economic growth in most countries in the world, IMF...
The war hit as the world was struggling to recover from the ongoing impact of the Covid-19 pandemic, which has caused an acceleration of inflation
The IMF is due to release its updated economic forecasts on Tuesday, which Georgieva said will further downgrade the estimate for global growth
European Central Bank policymakers meet on Thursday faced with the challenge of threading a response between record-high inflation figures and...
The bank's 25-member governing council gathers for the second time since Russia launched its invasion at the end of February
Inflation in the eurozone hit 7.5 percent in March, an all-time high for the currency bloc and well above the central bank's own two-percent target
The study calls for the stability of the business environment by reforming relevant laws.
The study calls for the stability of the business environment by reforming relevant laws
The regulatory quality index outperforms all other factors in attracting investment
The IMF plans to raise at least $45 billion for a new trust to help ‘low-income and vulnerable middle-income countries’.
The Washington-based crisis lender's Resilience and Sustainability Trust is expected to come into effect May 1
It is in addition to a $650 billion boost to reserve assets called Special Drawing Rights allocated earlier this year
Major international organizations issued an appeal on Wednesday for urgent measures to deal with rising food insecurity in poor countries.
The Russian invasion of Ukraine, and Western sanctions on Moscow, have sent energy and food prices soaring
Meanwhile, rising natural gas prices also have impacted fertilizer production, which in turn has hurt farmers