Economy - TRENDS MENA

"This underscores our role in fostering development and regional and global cooperation, aiming to provide an economic model for all...

Saudi Arabia and the UAE are driving the real estate market in the Middle East region with the backing of...
Kingdom’s residential real estate prices increased by 1.7 percent on an annual basis in the fourth quarter of 2021
Apartment values in Riyadh and Jeddah accelerated by 17 percent and 12 percent, respectively, in the last 12 months
In 2021, total revenues of the Ministry of Labor stood at RO 232.9 million ($605million) generated from fees of licenses...
The number of new employees in the private sector in 2021 stood at 49276 of which 42609 were contracted employees
The employment-linked training programs and on-the-job training programs benefited 9859 job seekers in 2021
The UAE’s National Emergency Crisis and Disasters Management Authority relaxed the rules in coordination with its main partners.
At the local level, each emirate now has the flexibility to determine the duration of the quarantine period and PCR tests for Covid-19 contacts
However, they must maintain the need to follow precautionary and preventive measures, which include physical distancing and mask-wearing
The acquisition is expected to also add significant strategic value to DP World given Imperial’s footprint and strong market access...
The acquisition is expected to also add significant strategic value to DP World given Imperial’s footprint and strong market access and logistics solutions capability
DP World and its subsidiaries employ over 71,000 people across its worldwide operations
On Friday, US President Joe Biden extended his country's measures against Russia to include sanctions on President Vladimir Putin and...
The first tranche will hit four Russian banks, cut off more than half of Russia's technology imports, and target several oligarchs
Energy giant Gazprom and 12 other major companies will be barred from raising capital in Western financial markets
In Europe, the three main indices all closed more than three percent higher, recovering most if not all of the...
European benchmark Brent crude was down to $96.63 per barrel, having briefly soared past $105 per barrel on Thursday for the first time since 2014.
Western nations added to sanctions on senior Russian officials and business figures as well as Russian banks. The US also blocked tech exports including semiconductors.
DP World’s purpose-built maritime hub, Dubai Maritime City (DMC), has launched an infrastructure project at a cost of AED140 million...
The infrastructure project includes developing networks for deep sewage, stormwater, fire, irrigation, potable water, telecommunication, and roads.
The new infrastructure will integrate DMC with the Mina Rashid area that includes the QE2 Hotel, P&O Marinas and Marina Cubes.
The World Bank and MSMEDA is eager to review and develop the needs of startups.
The World Bank is supporting the operation of the program, aimed at tech-based startups
The fund was announced by Egypt's Minister of Trade and Industry, Nevine Gamea
The Ras Al Khaimah Department of Economic Development (RAK-DED) offered AED 7 million ($1.9 million) in economic stimulus package to...
The package was provided to support the local economy and ensure business continuity during the COVID-19 pandemic.
RAK said the package included licenses registered with RAK-DED and affected by the pandemic such as infrastructure projects and SMEs.
Ukrainian President Volodymyr Zelensky called on world powers on Thursday to cut Russia off from SWIFT, after Russian forces invaded...
Founded in 1973, the Society for Worldwide Interbank Financial Telecommunication, actually doesn't handle any fund-transfers itself
But its messaging system, developed in the 1970s, provides banks the means to communicate rapidly, securely, and inexpensively