Economy - TRENDS MENA

Oil and gas returns are set to comprise 68 percent of total revenues, against 32 percent for non-oil and gas...
Preliminary indicators of Oman’s budget this year point to the possibility of achieving the lowest deficit since 2014, despite oil-price fluctuation
The budget deficit in 2022, estimated on the basis of $50 a barrel, would stand at RO1.5 billion ($3.9 billion)
More than 5,000 demonstrators gathered at the call of the main unions to protest against the deterioration of the value...
More than 5,000 demonstrators gathered at the call of the main unions to protest against the deterioration of the value of the Turkish lira and the rate of inflation
The inflation rate, according to official figures, reached 21.31 percent on an annual basis during November in Turkey
Nayef Fayez, tourism minister, said tourism in 2021 saw an improvement, especially in the second half of the year.
Nayef Fayez, tourism minister, said tourism in 2021 saw an improvement, especially in the second half of the year
Fayez highlighted the strategy to attract more tourists to the country was developed in partnership with the private sector
Total expenditures were budgeted at SAR955 billion, and revenues at SAR1.045 trillion, giving a surplus of SAR90 billion.
The Saudi budget surplus projections come with higher global crude prices
This is despite worries about the coronavirus variant Omicron that is spreading worldwide
About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...
Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals
The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds
The 2022-2023 budget allocates about $5 billion to boost "defense capacities and strategic research", up from $4 billion the previous...
Iranian news agencies reported that the draft, presented Sunday, projects GDP growth of eight percent.
President Ebrahim Raisi submitted the draft to parliament for a vote expected by the end of 2021.
This week's TRENDS Explainer video tries to find the rationale behind curtailing the number of days in the UAE's workweek...
The Gulf country is transitioning to a 4.5-day workweek. Now, weekends will consist of Friday afternoon, Saturday and Sunday
The move makes the UAE the first nation to formalize a workweek shorter than five days. It also brings the country more in line with Western schedules
The UAE has made nutritional labeling of pre-packed products as traffic light colors voluntary, after amending a requirement that would...
From Jan, manufacturers were required to provide a color-coded system of nutritional data in all pre-packed food products.
An official says AED1.4 billion across the sector by removing the need to modify the labels currently in use or in storage.
The council will focus especially on boosting the emirate’s leading-edge competitiveness and leadership regionally and internationally.
The council is expected to formulate and develop Dubai’s future development agenda to support its global competitiveness
It will apparently also enhance the emirate’s attractiveness by launching major qualitative projects and transformational initiatives
Dubai reduced its carbon emissions by 33 percent in 2020, which is more than double the target of the Dubai...
The reduction in emissions is more than double the target of the Dubai Carbon Abatement Strategy 2021.
The share of clean and renewable energy capacity is now 11.38 percent of Dubai’s energy mix.