UAE, Mauritius conclude CEPA talks, set to boost trade
The CEPA will cover trade in goods and services, investment facilitation amongst others. Once implemented, it will accelerate robust growth...Business Economy
‘Private sector plays vital role in Gulf integration’
"The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic...Economy Uncategorized
Morocco Employers’ Association, IMF discuss economic recovery
The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of...The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of 2021
The kingdom also recorded a 22.1 percent increase in exports between September 2020 and September 2021
IMF says Omicron could slow global growth
According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.The emergence of omicron led to a major crash in the global stock and oil markets in late November
WHO highlighted the issue of inequitable distribution of vaccines on several occasions
Iran non-oil export reaches $27b in 7 months
The deputy minister Mehdi Sadeqi Niaraki argued that production growth is one of the main strategies to develop the Islamic...The country has allocated five billion dollars to remove obstacles in the way of exporting Iran-made products
According to statistical reports, 15 out of 25 industrial fields have experienced growth and the home appliances industry has seen an 8 percent growth
UAE, France sign MoUs, $18bn Rafale deal
The agreements will boost the strategic partnership between the two countries to serve their mutual interests.The agreements will boost the strategic partnership between the two countries to serve their mutual interests
The signing was attended by Crown Prince Sheikh Mohamed bin Zayed Al Nahyan and President of France Emmanuel Macron
Tunisia’s budget deficit narrows to nearly $1.3 billion at Sept end
Tunisia's budget deficit has narrowed to nearly 3.8 billion ($1.3 billion), at the end of September 2021, against 4.9 billion...The decrease in the budget deficit is due to the increase in budgetary resources by 10.3 percent
The Ministry of Finance also reported the increase in cash resources by 18 percent to 12.8 billion dinars.
Capital Economics says Saudi economy will boom in Q4
Saudi Arabia will see a strong economic growth in the fourth quarter of 2021, due to a high oil production...According to a report by Capital Economics some 9.76 million barrels per day were produced in October, broadly in line with pre-virus levels of output
Growth in local deliveries of cement – a proxy for construction activity – picked up in October
Annual Turkish inflation surges to 21.31% in November
Turkey's annual inflation rate jumped over 20 percent in November, official data showed Friday, after a currency crisis last month...This is the highest figure in three years. Persistent inflation has decimated purchasing power
Ratings agency Fitch on Thursday revised its outlook on Turkey's sovereign credit rating to negative
IMF says chief economist taking top leadership role
Gopinath will succeed Geoffrey Okamoto as first deputy managing director, serving under IMF chief Kristalina Georgieva.Gopinath will succeed Geoffrey Okamoto as first deputy managing director, serving under IMF chief Kristalina Georgieva
Gopinath, who was appointed to her current role in October 2018, was due to return to her position at Harvard University in January but will now leave the university
London based firm seeks investment opportunities in Jordan
"Jordan represents a unique and strategic opportunity for global investors. We are looking forward to strengthening our ties further in...This is a major move for RiverBay Capital on its mission to provide Europe with institutional access to markets in the Middle East
RiverBay Capital has successfully established itself as a bridge between real estate markets in Europe and the Middle East
OPEC+ to increase output in January
The OPEC+ alliance led by Saudi Arabia and Russia had so far resisted US-led pressure to significantly boost output to...Observers had expected the club to opt for a freeze in production for January, particularly after the emergence of the Omicron variant
But, the 13 members of OPEC and their 10 allies decided to stick with a modest increase in output of 400,000 barrels per day every month
