Economy - TRENDS MENA

Since Russia invaded, almost 80,000 Ukrainians have returned to fight Russia, leaving industries short of labor.
Because of the ongoing invasion on Ukraine, shipping companies have had to find new routes, and shipping prices immediately increased
Oil prices have also rocketed since the invasion as Brent North Sea crude rose to $120 per barrel and gas prices hit record highs
The UAE Government on Friday announced the official working hours during the holy month of Ramadan for ministries and federal...
The decision also allows federal authorities to implement flexible working and remote work systems on Fridays during the month
The rules for working from home stipulate that both employees and their work should meet related requirements
The UAE is the latest country to be added to the list, and will have to work closely with the...
The Financial Action Task Force has included the United Arab Emirates in the ranks of ‘jurisdictions with strategic deficiencies,’ also known as the ‘grey list’
Countries on the list have to commit to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring
Beijing will target gross domestic product growth of around 5.5% this year, according to a prepared speech by Premier Li...
Beijing will target gross domestic product growth of around 5.5% this year, according to a prepared speech by Premier Li Keqiang
Most economists surveyed by Bloomberg predicted the government would set a range of 5%-5.5%
The company will build the government’s data network.
The agreement was signed on the sidelines of the visit of Crown Prince Salman bin Hamad Al Khalifa to the United States
The CEO of the Bahrain Information and eGovernment Authority, Mohammed Ali Al Qaed, said that the pact reflects the Kingdom’s commitment to adopt latest technological trends
Melilla and Ceuta, Spain's tiny enclaves, have the EU's only land borders with Africa that attracts desperate migrants to escape...
Around 500 migrants out of 2,500 managed to cross Morocco's border with a Spanish enclave this week, authorities have confirmed
In May 2021, almost 10,000 migrants stormed Ceuta as Moroccan border forces did not stop them, highlighting Spanish reliance on Moroccan cooperation on migration
The United Nations’ World Food Programme warned Friday about a looming food crisis in Ukraine in conflict areas, while disruptions...
“The bullets and bombs in Ukraine could take the global hunger crisis to levels beyond anything we’ve seen before,” said Beasley
With Russia and Ukraine providing some 29 percent of the global wheat trade, serious disruptions in production and exports could send food prices
With fears growing of nuclear conflict, the US and Russian armed forces have set up a new direct phone line...
Ukraine has accused the Kremlin of ‘nuclear terror’, and US envoy to the UN said the attack was ‘incredibly reckless and dangerous’
Russia’s UN ambassador called accusations that Russian forces had shelled the plant part of ‘an unprecedented campaign of lies’
The country has been able to overcome the hurdles that stood in the way of achieving food security by implementing...
Saudi Arabia has enhanced its food security by adopting several strategies to ensure an excess of food supply
It now has the largest storage capacity for wheat and flour in the Middle East, exceeding 3.3 million tons
Dubai Gold & Commodities Exchange (DGCX) registered trades with a total value of $13.681 billion in February 2022, as global...
The exchange registered a monthly Average Open Interest (AOI) of 125,206 contracts during February and saw its precious metals' portfolio lead trading activity.
DGCX's West Texas Intermediary (WTI) Futures gained traction following increased volatility in oil markets.