Economy - TRENDS MENA

The total real estate trading volume in Jordan by the end of March reached JD 1.414 billion ($1.6 billion). The...
Iraqi investors ranked first with a total of 202 real estate sales and Saudi second with a total of 194 sales among non-Jordanian investors.
Real estate sales in Amman were distributed over 6,077 apartments and 8,265,000 plots of land.
Iraq is particularly vulnerable to climate change, having already witnessed record low rainfall and high temperatures in recent years.
The storm erupted in the north of the country on Thursday, leading to cancellation of flights serving Kurdistan’s capital Arbil
As the storm swept south, it shrouded the Iraqi capital of Baghdad and cities as far south as Nasiriyah in a ghostly orange
Across the MENA region, people are struggling to secure even the most basic staples in view of soaring food and...
More than 17 million people in Yemen face high levels of food insecurity
Famine conditions already afflict more than 30,000 Yemenis, UN agencies said
Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when...
Across the greater MENA region, Yemen, Jordan, Turkey, and Morocco have generated more than 10 percent of their power from solar and wind
However, things appear poised to change very soon, with several projects that may improve the region’s overall renewable outlook
Credit rating agency S&P Global Ratings on Saturday downgraded Russia's foreign currency payments rating to "selective default" after Moscow paid...
The agency does not expect investors to be able to convert the ruble payments to dollars equivalent to the amounts originally due
Russia's finance ministry on Wednesday announced it had made a payment of almost $650 million due on April 4 in rubles
Kuwait's long and short-term foreign and local currency sovereign credit ratings have been affirmed at 'A+/A-1' by Standard & Poor's...
The international agency also cautioned that it could lower the ratings if no sustainable comprehensive financing arrangements are agreed
The S&P forecasted that higher oil prices would bolster Kuwait's fiscal and balance of payments positions over 2022-2023
Yemen's Huthi rebels already agreed a "framework for cooperation" with the United Nations on the issue last month.
Yemen's Huthi rebels already agreed a "framework for cooperation" with the United Nations on the issue last month
The UN has said an oil spill could destroy ecosystems, shut down the fishing industry and close the lifeline port of Hodeida for six months
Saudi Arabia said Saturday it will permit one million Muslims from inside and outside the country to participate in this...
After the onset of the coronavirus pandemic in 2020, Saudi authorities allowed only 1,000 pilgrims to participate
The government wants to ensure pilgrims' safety "while ensuring that the maximum number of Muslims worldwide can perform the hajj", Saturday's statement said
After a historic collapse in the wake of Russia's military offensive in Ukraine, the ruble has staged a spectacular bounceback,...
The Feb. 24 military operation triggered unprecedented Western sanctions on Moscow, sending the ruble into free-fall and accelerating already high inflation
Analysts say that success is in many ways artificial and does not bode well for the health of the Russian economy
UAE and UK authorities met for a series of technical workshops in March 2022 in both Abu Dhabi and London...
The workshops were held under the UAE-UK Partnership to Tackle Illicit Financial Flows.
The experts discussed a range of key topics, including understanding money laundering threats and vulnerabilities in the UAE and UK.