Economy - TRENDS MENA

Nations and their companies have axed business ties with Russia over Ukraine.
Shell is gradually withdrawing from Russia owing to the war due to the UK government policy.
Shell previously apologized for buying a cargo of Russian oil at a vast discount following the invasion.
The two will explore potential collaboration in the aluminum value chain.
The two firms will also consider cooperation in managing by-products from processes in the aluminum value chain
EGA has developed its own aluminum smelting technology for more than 25 years.
Enhanced legal protection will be provided to persons who report financial misconduct internally within the entities regulated by Dubai Financial...
DFSA regulatory regime for whistleblowing is the first of its kind to be introduced by a financial service regulator in the UAE.
The regime applies to all DFSA Regulated Entities operating in or from the Dubai International Financial Centre.
The IEA members which include the United States, European countries, Australia and Japan, among others had already pledged last month...
IEA, which holds emergency stockpiles totaling 1.5 billion barrels, concurred with the decision to tap oil reserves again
Joe Biden had already announced that the US would release 1 million barrels its oil reserves onto the market every day for six months
"First the pandemic and now the war (in Ukraine) are putting a severe strain on this sector which represents one...
Prime Minister Mario Draghi has chaired the cabinet meeting where the new decree has been adopted and funded by the "automobile fund"
Purchases of low-emission electric or hybrid vehicles will be eligible for a bonus of between €2,000 and €3,000 in Italy
Floods, water, and vector-borne diseases have been worsening the health crises in Africa, said WHO's regional director for Africa.
The WHO has said health emergencies caused by climate change are increasing in Africa
The UN health agency has called on governments to implement WHO air quality guidelines
Boris Johnson's government will consult with local communities to host onshore wind farms in return for "guaranteed lower energy bills,"...
The UK will release energy strategy to call for more renewable power from nuclear, offshore wind, and solar
This new strategy may permit more drilling for North Sea oil and gas to control the spike in energy prices
In a major shake-up in the coalition battling Houthi rebels, Yemen's president Abedrabbo Mansour Hadi has formed a new council...
A United Nations-brokered truce that started on Saturday has offered a glimmer of hope in the conflict amid the humanitarian crisis
The truce came as peace talks were unfolding in Riyadh without the participation of the Houthis, who refused talks on ‘enemy’ territory
The meetings are taking place under the patronage of the Custodian of the Two Holy Mosques and Saudi ruler King...
The Arab financial institutions hold these annual meetings to review the performance of each entity and the topics on its agenda
The meetings also reportedly contribute to financing development projects in vulnerable countries
Blockchain expert Kim Grauer offers insights into why people fall prey to scammers, how they can protect their crypto assets...
In 2021, cryptocurrency-based crime reached an all-time high, with criminal addresses receiving $14 billion.
By the end of 2021, criminals had accumulated $11 billion in crypto from known sources, compared to $3 billion in 2020.