Economy - TRENDS MENA

Dubai has passed legislations aimed at creating a new legal framework for Dubai Chambers and their Boards of Directors. The...
The legislations include a decree establishing Dubai Chambers as a new entity that replaces the Dubai Chamber of Commerce and Industry
The legislations also enable Dubai Chambers to map out a clear vision for the future by adding more roles and powers
Over the week, crude prices gained about 5 percent and on Friday Brent exceeded $83 per barrel.
Kazakhstan is the largest oil producer in central Asia with a twelfth of the world's proven reserves, and produced around 1.8 million barrels a day in 2020
The country is also the second largest oil producer in the OPEC+ group of top oil producers, behind Russia
Government spending on infrastructure projects as part of the Vision 2030 program is expected to boost non-oil GDP growth.
Markaz’s report indicated that investments are expected to pick up as the government initiates major projects like Neom City
Steady population growth, government subsidies, and the enacted mortgage law are enabling banks to finance home purchases, fueling the growth in the residential sector
Lebanon experienced total blackouts after demonstrators stormed a key substation and tampered with the electrical equipment.
Protesters disconnects a 150-220 kilovolt power transformer and opened circuit breakers connecting the Zahrani power plant which caused blackout
The disruption will pressure on private generators which already struggles to keep up with the near-total absence of state power
The emission reduction is expected to take place through upcoming contracts in solar energy field.
Iraq will reduce emissions by the solar energy project in 2025
Iraq looks to produce 12,000 megawatts of solar energy by next three years
The Emirate and the visiting Malaysian minister discussed the initiatives that would enhance the industry.
The Emirate and the visiting Malaysian minister discussed the initiatives that would enhance the industry
The Malaysian market is considered as one of the important emerging markets for Dubai
World Bank support for Iran's Covid-19 response is expected to help the country mitigate the ongoing humanitarian crisis within its...
World Bank has approved granting $90 million worth of support for Iran to combat COVID-19 pandemic
World Bank had extended $50 million for Iran Covid-19 Emergency Response Project in May 2020
Dubai Integrated Economic Zones (DIEZ) Authority has appointed a new leadership team to drive its free zones and central divisions....
Amna Lootah was appointed as a Director General DAFZ to lead and implement strategic plans according to the approved structure.
Dr. Juma Al Matrooshi was appointed as Director-General of Dubai Silicon Oasis (DSO) to supervise the implementation of its strategy according to the new organizational structure.
Improving business environment in Dubai, attracting foreign investments and international companies to the emirate, supporting member companies with global expansion...
Improving business environment in Dubai and attracting foreign investments and international companies to the emirate two of the four pillars of the strategy.
Supporting member companies with global expansion and growing Dubai’s digital economy are the other elements of the strategy.
Some grumbled at the change and businesses were split, with many moving to the Western-style weekend but other private firms...
The weekly day of prayer has always been a free day in the UAE, which had previously observed a Thursday-Friday weekend until 2006.
Government bodies and schools will operate four-and-a-half-days per week, closing at 12 pm on Fridays for a fixed prayer time of 1:15 pm.