Economy - TRENDS MENA

The Sharjah Chamber of Commerce and Industry (SCCI) and an Argentinian delegation discussed ways to enhance cooperation between the business...
Sharjah Chamber and a delegation from Argentina discussed economic, trade and investment relations at a forum.
Abdallah Sultan Al Owais, Chairman of the SCCI highlighted the importance of joint work to advance the existing relations.
Five Chinese companies have been ordered to comply with audit requirements by the US Securities and Exchange Commission (SEC) or...
In total, some 248 companies are affected, with a market capitalization of about $2.1 trillion, according to an ad hoc committee.
Mainland Chinese and Hong Kong companies are notorious for not submitting their financial statements to US-approved auditors.
On Thursday, the US ambassador in Libya, Richard Norland, also expressed fears over an escalation.
Tensions have simmered since the parliament swore in a prime minister earlier this month despite interim premier Abdulhamid Dbeibah
Dbeibah has refused to hand over power to Fathi Bashagha, and says he is the country's rightful steward until elections are held
The IMF in January cut the global growth forecast for 2022 to 4.4 percent due to the Omicron variant of...
Russia’s invasion of Ukraine, and sanctions that include a US ban on Russian oil imports, are spilling over to the global economy
These are causing costs for energy and other key commodities like wheat, fertilizers and metals to surge, the IMF has said
Egypt's inflation rate hit 10 percent in February, official figures showed Thursday, as the country heavily reliant on wheat imports...
The country, heavily reliant on wheat imports from Russia and Ukraine, braces for the full impact of their war.
CAPMAS attributed the latest hike to a surge in prices of food especially vegetables, bread and grain.
The United Arab Emirates on Thursday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it...
A surge in prices and supply fears following Russia's invasion of Ukraine have led to calls for the Organization of the Petroleum Exporting Countries to increase output.
The OPEC+ group plans to boost production by just 400,000 barrels a day in April, the same pace as in recent months.
It would still be a dollar issued by the US Federal Reserve central bank, like all US bills and coins...
It would still be a dollar issued by the US Federal Reserve central bank, like all US bills and coins used now, but in a digital form
At the same time, the digital dollar would be worth the same as its paper counterpart, a divergence from cryptocurrencies which currently have highly volatile valuations
Saudi Arabia has achieved its target of getting 30 percent female labor force participation nearly 10 years ahead of schedule,...
The research, carried out by Roland Berger on behalf of Uber, shows that women made up 36 percent of workers in the Kingdom in 2021 — up from 22 percent just three years earlier.
The increase was partly attributed to the success of the Wusool program, which made transport more accessible to working women.
European benchmark Brent North Sea crude climbed 5.1 percent to $116.80 per barrel in morning deals. New York's WTI contract...
Brent tumbled as low as $105.60, having hit a peak of $139 just two days before, as the Ukraine crisis continues to send shockwaves through markets.
The UAE said Wednesday it would urge fellow states in the OPEC oil producers' cartel to boost output.
The EU, IEA, and NGOs stress that the development of renewable energy sources and biogas must be accelerated.
The global demand for the dirty fossil fuel reached a historic high in 2021 as several countries including China prefer it to pricier gas
Some countries could burn coal for longer, using it to transition to renewable energy sources without passing through a gas-power phase