Economy - TRENDS MENA

Saudi exports to the world are estimated to grow 7.6 percent to $354 billion by 2030, according to Standard Chartered.
According to a report prepared by Standard Chartered, 18 percent of global corporations already manufacture or source in Saudi Arabia
The Future of Trade 2030 report named India as the fastest-growing export corridor for Saudi Arabia with an average annual growth rate of 10.9 percent from 2020 to 2030
UAE authorities have collected AED3.848 billion ($1 billion) in penalties from anti-money laundering and terrorism financing offenders in 2021. The...
UAE is currently amending the anti-money laundering law’s executive regulation.
The Office for Anti-Money Laundering and Counter-Terrorist Financing was established in Feb 2021.
The projects that the SFD contributes to financing through loans and grants in Pakistan amount to around SAR5 billion ($1.33...
The fund signed an agreement with Pakistan’s Undersecretary of the Ministry of Economic Affairs Mian Asad Hayauddin in this regard
The signing took place in the presence of Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Maliki and senior officials from both sides
Jordan Ministry's Secretary-General Dana Zoubi stressed the deep-rooted relations between Jordan and Germany.
Jordan Ministry's Secretary-General Dana Zoubi stressed the deep-rooted relations between Jordan and Germany
The program is an opportunity to exchange expertise to promote exports to German counterparts, she added
Saudi Arabia’s Crown Prince Mohammed bin Salman has created quite a few ripples with his views on all things important...
The crown prince said he was leaning towards taking Saudi Arabia towards the ‘real teachings’ of Islam
He also said the country was working towards codifying Islamic law as had been handed down directly by the Prophet
Jordan is counting on the World Bank's support to strengthen Jordan's social protection network, increase job opportunities.
Jordan is counting on the World Bank's support to strengthen Jordan's social protection network, increase job opportunities
The country also wants to promote investment by supporting major economic and partnership projects between the public and private sectors
In a statement issued Thursday, the AIIB said that "in the best interests of the bank, management has decided that...
In a statement issued Thursday, the AIIB said that "in the best interests of the bank, management has decided that all activities relating to Russia and Belarus are on hold
China, whose bilateral relationship with Russia has strengthened in recent years, has thus far avoided criticizing Moscow over its invasion of Ukraine
Turkish President Recep Tayyip Erdogan appointed Vahit Kirisci as minister of agriculture and forestry after the resignation of Bekir Pakdemirli.
A rapid succession of floods and wildfires engulfing Turkey killed some 100 people in July and August last year
Turkey was criticized over the lack of firefighting planes, and accepted help from Azerbaijan, Iran, Russia, and Ukraine
Saudi Arabia witnesses a 37 percent rise in the number of fintech startups and a $181 million increase in venture...
Saudi Arabia witnesses a 37 percent increase in the number of fintech startups entering the market
Saudi fintech sector is mostly driven by young entrepreneurs who compete with the country's top financial institutions
The emirate, which boasts a thriving community of startup incubators and accelerators, tops the list for foreign direct investment and...
Dubai is developing an environment that encourages firms from all industries to innovate.
The city has been able to leverage its strengths as a world-class city to attract global blockchain entrepreneurs.