Lebanon economy to plunge into recession due to Gaza war
The impact of the conflict had reversed a slight recovery for Lebanon, which has battled a deep economic crisis for...Economy Geostrategy
UNCTAD eWeek focuses on AI risks, e-commerce growth in developing countries
At UNCTAD eWeek 2023, experts stress the importance of aligning AI development with Sustainable Development Goals to mitigate risks and...Economy Tech & Media
Energy prices may come down early next year
Consumption of natural gas rebounded fast — driven by industrial production — boosting demand at a time when supplies were...International energy prices will revert to more normal levels early next year when heating demand ebbs and supplies adjust, the IMF has said
However, it has also warned that “if prices stay high as they have been, this could begin to be a drag on global growth”
UAE commits to lead disruptive growth of key industrial sectors at GMIS2021
GMIS2021 will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions...The summit will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions from November 22-27.
The discussions at the summit will explore how data and connectivity are becoming the leading factors
France wants ‘new economic cooperation’ with UAE: French minister
Le Maire said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change.Le Maire is on a two-day visit to the UAE to hold several high profile bilateral meetings with UAE officials
The minister said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change
Economic growth of Arab countries this year
This week’s TRENDS Explainer Video highlights how economic growth looks like in the Arab countries this year as per the...Middle Eastern countries responded to the pandemic with swift and stringent measures to mitigate its spread and impact. However, most of them continued to face an uncertain future
Containing the health crisis, cushioning income losses, and expanding social spending had become immediate priorities. Most of the Arab governments, however, managed it well
EU, GCC begin new era in relations
However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and...Kuwait has emerged as a major global humanitarian player and a significant mediator to sort out inter-Gulf differences
This has contributed to the re-evaluation by European Union leaders of their policies towards the Gulf region
Jordan, IMF reach staff-level pact on 3rd review under EFF
The agreement was concluded with an IMF team led by S. Ali Abbas, during a virtual discussion on the third...The agreement was concluded with an IMF team led by S. Ali Abbas, during a virtual discussion on the third review of the economic reform programme
The Jordanian finance minister Al-Ississ stressed that the main issue for the government is to reduce unemployment rates and create job opportunities
Iranians protest against water crisis caused by dried-up river
"Thousands of people from Isfahan, farmers from the east and west of the province, have gathered in the dry Zayandeh...The massive protest was the biggest since demonstrations over the water crisis started on November 9
The Iranian government has promised to come to the aid of farmers and resolve the crisis
Dubai Index surges 80 percent, Saudi losses continue
Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs...As of Thursday, Abu Dhabi's main index increased by 0.1 percent, aided by a 2.4 percent increase in Alpha Abu Dhabi Holding.
Saudi index lost for the third consecutive week and Abu Dhabi was largely stable.
UN warns high shipping cost to spike global inflation by 1.5%
The UN Conference on Trade and Development (UNCTAD) has warned that the rising shipping prices could spike global inflation by...The current price to ship a 40-foot container unit from China to the US is now 348 percent higher than the pre-pandemic average
The UN calculates that a global drive to vaccinate people against coronavirus can go a long way to ameliorate the current shipping crisis
$1.6bn Saudi initiatives to boost local manufacturing
Saudi Arabia has unveiled two initiatives to help the country boost its production and manufacturing.The National Industrial Development and Logistics Program has launched the initiatives along with the Riyad Bank
The two schemes are called "We finance, you manufacture" and "We invest, you manufacture"
