Economy - TRENDS MENA

Egypt’s Ministry of Transport will sign a contract with Siemens to implement the second high-speed train line in the country....
The new line will extend from 6th of October city to Aswan, with a length of 925 kilometers (575 miles approx).
The cost of this project will be financed through a soft foreign government loan and the state's general budget.
The President of the Arab Institute of Business Leaders (IACE) Taieb Bayahi has warned that Tunisia as a state could...
He added that it is necessary to save the remaining urgently, stressing that "the current economic situation does not allow us to waste any more time
In a report published this month, the forum ranked Tunisia among the five countries threatened by the spectre of the collapse of the state
dnata, the global air and travel services provider, will invest more than $223.22 million in a fully automated cargo center...
dnata Cargo City Amsterdam will significantly enhance cargo capacity in The Netherlands and create new, direct jobs with dnata
It will enable dnata and its customers to substantially expand operations and business, stimulating local economy and trade
The UAE’s Ministry of Finance will start levying a 9 percent tax on business profits from June 1, 2023 thereby...
The ministry has confirmed that it will impose no tax on profits of up to AED375, 000
The tax will be levied on all corporations and commercial activities in the country, except for the "extraction of natural resources"
IEA said the demand for natural gas is expected to fall sharply in Europe and slow in Asia. Gas demand...
Consumption grew by 4.6 percent last year, more than double the decline experienced as the pandemic emerged in 2020, said the agency.
How demand will fare in the short-term will depend on the weather during the northern hemisphere's heating season, the IEA said in a report.
Under PM Costa's watch, Portugal has the highest immunization rate against Covid-19 in Europe, maintained fiscal discipline, increased the minimum...
The Socialists received 41.7 percent of the vote giving it 117 seats in the 230-seat parliament, up from 108 in the outgoing assembly
The early election came as the nation of around 10 million people tries to boost its tourism-dependent economy
Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.
Jihad Azour, Director of the Middle East and Central Asia Department at IMF, has said the economic recovery of the region is affected by several factors
However, the region needs to rely on an agenda of transformation policies to continue down the path of economic recovery
The deliberations were held during a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International...
Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with David Hurley, the Governor-General of Australia, at Expo 2020 Dubai.
The two sides reviewed Australia's participation in Expo 2020 Dubai and the role played by this international event.
Sovereign wealth funds across the world invest trillions of dollars into real estate, bonds and other assets. TRENDS takes a...
More than $1.3 trillion of funds are managed by some of the biggest sovereign wealth funds in the GCC.
These funds invest in global real estate, financial assets, bonds and private equities.
Dubai Electricity and Water Authority (DEWA) has completed 54.23 percent of the extension of several key water transmission pipelines in...
The network spans over 22 kilometers and the diameter of pipes is 1200mm.
The project location runs from Al Quoz Industrial Fourth to Al Thanyah Fifth, alongside Al Khail Road in Dubai.