Economy - TRENDS MENA

While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia...
UNWTO Executive Director Zoritsa Urosevic has said that the ‘future is bright’ for the tourism sector
Tourists ‘will come back’ and the industry will recover from the pandemic because it is ‘very resilient,’ she said
The officials from Saudi Arabia, Kuwait, Oman and Bahrain, as well as secretary general of the Gulf Cooperation Council (GCC)...
The officials from Saudi Arabia, Kuwait, Oman and Bahrain, as well as secretary general of the GCC Nayef bin Falah al-Hajrah, will be in China until Friday
Recent unrest in oil and gas-rich Kazakhstan has raised concerns in China, which has long invested heavily in its central Asian neighbour's energy industry
Emerging economies should gird for possible rough times as the US Federal Reserve prepares to raise interest rates and world...
"Risks to growth remain elevated by the stubbornly resurgent pandemic," IMF economists Stephan Danninger, Kenneth Kang and Helene Poirson wrote in a blog post
The highly contagious Omicron strain has spread like wildfire around the world since mid-December, causing record numbers of new Covid cases
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