Economy - TRENDS MENA

WTI rose 6.27 percent to $97.33, while Brent crude was up 5.24 percent at $103.06.
Traders will closely watch an OPEC+ meeting this week, led by Russia, where they will discuss plans for further output
The group has agreed previously to increase production gradually each month, but the Ukraine crisis could disrupt it
The agreement between the two state-owned firms will bolster the strong trade and economic cooperation, in addition to boosting export...
The agreement between the two state-owned firms will bolster the strong trade and economic cooperation, in addition to boosting export relations
The broad range of trade credit insurance amongst these two entities will mitigate risks they might encounter due to various political and commercial reasons
Saudi Arabia confirmed its commitment to the OPEC+ agreement with Russia Sunday, the Saudi Press Agency reported, as Moscow faces...
Members of the OPEC+ oil producers' group will meet Wednesday to discuss loosening the taps -- just days after Russia's invasion of Ukraine sent crude soaring past $100 a barrel
The 13 members of OPEC proper will be joined by their 10 allies in the OPEC+ group at the teleconference meeting
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.