Economy - TRENDS MENA

Paris, France--Past and future hosts of the UN climate negotiations the United Arab Emirates, Azerbaijan and Brazil announced Wednesday they would...

Indian government officials on Friday defended the continued buying of Russian oil, saying European countries were still purchasing hydrocarbons from...
Indian oil refiners have in recent days reportedly purchased several million barrels of discounted Russian oil even as the West seeks to isolate Moscow economically
New Delhi, which historically has had close ties with Moscow, has called for an end to the violence in Ukraine but has stopped short of condemning Russia's invasion
Dubai recorded $2.53 billion worth of real estate and properties transactions valued during the week ending Friday, according to the...
A total of 355 plots were sold for AED 1.33 billion, while 1,547 apartments and villas were sold for AED 2.96 billion.
Al Hebiah Fifth recorded the most transactions for this week by 244 sales transactions worth AED 521.52 million.
The IEA urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from...
The outbreak of war in Ukraine has sent prices for the fuel up sharply and led to major economies, such as the US and Canada, sanctioning Russia by banning imports of oil
The IEA warned earlier this week of the risk of a global supply crisis as major oil companies, trading houses, shipping firms and banks have shunned Russia
"We provide the best facilities and customs services to Indian businesses which can also benefit from the advanced infrastructure and...
"We provide facilities and customs services to Indian businesses which can also benefit from the advanced infrastructure and logistics," Dubai customs official Musabih said
Indian counsel Kalimutu applauded Dubai Customs’ efforts in facilitating Indian trade, which helps grow mutual trade and investments
The grants were approved at the 179th session of OFID’s Governing Board in Vienna.
The projects will reportedly, among other things, support economic recovery, help bring up new infrastructure, and boost food security
Overall, they are expected to benefit public-sector projects and promote sustainable development around the world
The privatization move will also help the regional governments in maintaining better economic growth, increasing private participation and attracting foreign...
Planning, executing, and concluding are the three primary stages of privatization
The privatization process in Kuwait will expand to 38 government institutions and activities
Those countries "that have a common border with either Russia or Ukraine" would be particularly affected, while bearing the brunt...
Growth in the eurozone risked being cut by up to 1.4 percentage points, according to the OECD.
It also warned against the risk of a "sharp increase in poverty and hunger", particularly in developing economies.
The commercial exchange between Saudi Arabia and Austria has grown from around SAR 1.8 billion ($479 million) in 2005 to...
The commercial exchange between Saudi Arabia and Austria has grown from around SAR 1.8 billion ($479 million) in 2005 to almost SAR 3.3 billion in 2020.
An Austrian delegation of companies specialized in various economic, industrial, agricultural, tourist and other sectors visited the Asharqia Chamber.
The retail electronics sector has proliferated in GCC countries, with demand rising not only due to the urge to own...
In 2020, the global consumer electronics market was expected to generate revenues of $1.4 bn, with a CAGR of 4.6%
The retail electronics market reached over $1 bn globally in 2022, and is expected to grow by 1.82% annually
The bank said the policy rate adjustments are consistent with its objectives of maintaining monetary stability.
The repo rate is being changed by 0.25 percentage point from 1 percent to 1.25 percent
The reverse repo rate is being raised by 0.25 percentage point from 0.5 percent to 0.75 percent