Economy - TRENDS MENA

Dubai Maritime City (DMC), DP World’s purpose-built maritime hub, announced the launch of a major project worth AED140 million ($38.1...
The project is part of ongoing efforts to boost Dubai’s economy and enhance the efficiency of the logistics sector
It includes developing networks for deep sewage, stormwater, fire, irrigation, potable water
The exploration of natural gas will further enhance Saudi's status as the premium exporter of energy sources.
The four major areas are in the Central Region, the Empty Quarter, the Northern Border Region and the Eastern Region.
The four fields where the natural gas has been found are named as are Shadun, Shehab, Um Khanasser and Samna.
Tunisia has devoted a budget of 30 MD ($10.4m) to the social and solidarity economy for the next three years.
Minister of Employment and Vocational Training Nasreddine Nsibi said this during a seminar
The Minister stressed that the social and solidarity economy will allow the creation of new jobs
The World Bank (WB) announced that it would support the higher education sector in Iraq with an amount of $5...
The project of World Bank will support the Ministry of Higher Education and Scientific Research in Iraq
World Bank will also help to develop centers of excellence in sectors of agriculture and renewable energy
The government said the non-oil foreign trade figures of all emirates also witnessed growth individually in varying levels. The growth...
The value of national non-oil exports amounted to about AED 354 billion, setting a new record, exceeding AED 300 billion for the first time in its history.
China ranked first as the country's largest trading partner in 2021, accounting for 11.7 percent of the UAE's total foreign trade with the world.
The Museum of the Future along Dubai's main highway has been touted as the 'world's most beautiful building'.
Its organizers have said the visitors will be taken “on a journey of the year 2071”.
Many believe the Museum of the Future is UAE’s one more attempt to boost its soft power as a trading and tourism hub and to diversify its economy away from oil.
Meta and The Entrepreneurial Nation program have launched ‘Boost with Facebook’ program in the Emirates that is aimed at attracting...
The Entrepreneurial Nation, Ministry of Economy's initiative, helps entrepreneurs set up as well as expand their ventures through PPP.
There are around 350,000 SMBs in the UAE, accounting for 86 percent of the labor force in the private sector and making up over 60 percent of GDP.
Bahrain government has provided unemployment benefits to 31,099 citizens in 2021, according to the country’s Labor Minister Jameel bin Mohammed...
Unemployment benefit has not been discontinued for any beneficiary who meets the eligibility conditions, said the country's Labour minister Jameel bin Mohammed Ali Humaidan.
Amendments have been made to the Unemployment Insurance Law to keep pace with the economic requirements of Bahraini jobseekers, he said.
Saudi Arabia has taken steps to maintain the stability of domestic supply in accordance with the food security strategy.
Abdul Rahman Al-Fadli said Saudi Arabia’s food commodity markets had not experienced any supply shortages
The country has been ranked one of the world’s best in terms of food abundance, added the agriculture minister
The sanctions came as the Russian military stepped up its bloody, multi-pronged assault against Kyiv and other Ukrainian cities.
The measures were backed by the United States, Canada, the European Commission, Britain, France, Germany and Italy
In a symbolic gesture likely to resonate in Moscow and the Kremlin, the stunning news was first delivered from Europe