Economy - TRENDS MENA

Abu Dhabi, UAE--The UAE construction market size was $94 billion in 2023 and the market will achieve an AAGR of...
According to a report, the growth is attributed to the increase in investments in transport and renewable energy infrastructure
The report added that residential construction captured the highest share of the UAE's construction market last year
Beijing, China - China's leaders on Monday wrapped up a week-long key conclave at which they admitted more was needed to...
Top officials have been upfront about the myriad challenges China is facing, admitting that a modest five percent growth goal will not be easy
The event capped a week of high-level meetings dominated by the economy, which last year posted some of its slowest growth in years
DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the...
Over 190 new Indian businesses and a total of more than 1,500 Indian companies have set up business in Jafza.
This move aims to assist Indian businesses in accessing markets across the Middle East, Africa, and Europe.
Doha, Qatar - Residential demand continued to buoy the country's property sector in Q4 2023, hapondo, a homegrown property portal,...
The report pointed out that despite a decrease in real estate transaction volume to $4.6 billion from $5.82 billion, apartments remained popular for investment
Key residential highlights included the Marina District in Lusail, while The Pearl remained the most sought-after location for apartment seekers
Athens, Greece-- The UAE and Greece have held talks in Athens on a wide range of economic and strategic issues...
Al Jaber held several bilateral meetings with Kyriakos Mitsotakis, PM of Greece, George Gerapetritis, Minister of Foreign Affairs, and Kostas Skrekas, Minister of Development
The two sides discussed means of fostering cooperation within the UAE-Greece CEPA agreement, signed during the visit of the Greek PM's to the UAE in 2020
TEHRAN, IRAN – The Ministry of Industry, Mine, and Trade said that Iran exported fisheries, livestock, agricultural and food products...
Iraq was the biggest importer of Iranian agricultural and food products worth US$1.7 billion.
The UAE was the second largest importer of Iranian agricultural and food products worth $675 million
RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) said in a press release it issued on Sunday that...
The fourth quarter 2023 results and the annual results for the same year have been reached at by using the new methodology.
Saudi Arabia is the first country in the Gulf and Arab regions, and among the first G20 countries, to implement the chain-linking methodology.
Beijing, China-- A greener globe requires a greener energy industry, which could definitely be represented by new quality productive forces...
Zhong said renewable energy, wind power, and green hydrogen production could achieve zero carbon dioxide emissions from the source
The annual growth rate, as per the International Renewable Energy Agency, of global hydrogen trade is expected to reach 8 percent by 2050
AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...
During the first two months of 2024, India, the US, Saudi Arabia and Iraq accounted for the majority of ACI’s exports.
The chamber's exports to the US surged during the first two months of 2024 to about US$297 million compared to US$275 million.
Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...
With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central mosque in Lagos said they were barely able to provide for their families
The government brought in reforms last year that have had a devastating effect on citizens of Africa's biggest economy, where around half the population is Muslim