The Middle East and North Africa (MENA) region is rapidly becoming one of the world’s most dynamic retail e-trading markets,...
New York, United States - "The 1980s are calling," a teenager with a throwback hairstyle tells viewers as "Everybody Wants...
RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of...This translates to a non-oil economy valued at US$$453 billion (SAR1.7 trillion) at constant prices.
Non-oil economy is valued at $$453 billion at constant prices, fueled by growth in investment, consumer spending and exports.
Tehran, Iran - Iran’s production of aluminum ingot in the country registered a 7% growth in the first 11th month...Iran’s four major aluminum production companies produced 54,893 tons of aluminum ingots in February 2024
The Iran Alumina Company produced more than 537,000 tons of bauxite from March 21, 2023, to February 22, 2024
RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier.
Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.
ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...The UAE-Hungary economic cooperation agreement aims to deepen bilateral ties between the two nations and drive growth.
The agreement between the two countries also aims to boost non-oil trade, which has seen a significant increase in recent years.
Doha, Qatar - The women returning to the workforce following a career break have the potential to contribute nearly US$385bn...Nearly half of working women in the MENA region have taken a career break, with over 68% taking them at experienced levels and above, the study reveals
Providing flexible working models that enable women to work additional hours could generate close to US$4.3 billion in GDP gains in the nine countries surveyed
DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at...The data of the real estate analytical bulletin revealed that 350 real estate transactions were recorded during the month.
The real estate transactions value index recorded a decline of 27 percent. The traded area index recorded a decrease of 18 percent.
The annual consumer price index (CPI) came in at 3.2 percent last month, the Labor Department said, while the "core"...The annual consumer price index (CPI) came in at 3.2 percent last month, while the "core" measure stripping out volatile food and energy prices edged down slightly to 3.8 percent.
"The index for shelter rose in February, as did the index for gasoline," the department said, both contributed more than 60% of the monthly increase for the overall index.
Tehran, Iran - Baghdad and Tehran are currently engaged in negotiations to facilitate the import of gas from Turkmenistan, with...The pact provides for supplying Iraq with 51 million M3 per day, Iraqi minister of electricity Luay Al-Khatteeb said
He further noted that the Iraqi Ministry of Electricity has fulfilled all gas-related payments to Iran
ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for...The decline in the Food Price Index in February 2024 was led by a decrease in the price for cereals and vegetable oils.
The route via the Red Sea accounts for slightly more than 10 percent of the global maritime trade volume.
Abu Dhabi, UAE--The technological and structural advancements in the UAE financial sector continues to enhance security, operational efficiency, accessibility of...According to a CBUAE report, the UAE financial system is more secure because of the implementation of technology throughout the economy
The number of locally incorporated banks (excluding investment banks), at the end of the fourth quarter of 2023, remain constant at 22 banks
