Economy - TRENDS MENA

During Algeria's transition to a market economy in the 1990s, subsidies replaced the fixed prices of a planned economy that...
The North African country, heavily dependent on oil and gas exports, has for decades subsidised everything from bread and milk to fuel and electricity
The income from energy exports has fallen for years, especially during the downturn driven by the Covid-19 pandemic, heightening the strain on public finances
It is vital for the economic development of the Middle East by fostering innovation, entrepreneurship and creating large-scale employment opportunities...
According to a recent Forbes report, there are at least 2,800 FinTech startups in the Middle East and Africa
In Saudi Arabia, startup funding topped US$168 million in the first half of 2021, 65% more than it did in H1 2020
Iraq is making efforts towards joining the World Trade Organization and its Minister of Trade will visit Geneva to discuss...
The delegation is likely to reach an agreement with European trade ministers.
Iraq needs to pass laws and legislation on many topics, including the economy and customs, a trade ministry spokesman said.
The inflation rate in Oman rose by 3.35 percent in October 2021 compared to October 2020. Local media reports, citing...
Prices of fish and seafood group rise by 14.82 percent in October compared to Oct. 2020.
While the prices of restaurants and hotels fell by 0.21 percent, the prices of tobacco, health and communication remained unchanged.
Oman's finance ministry has issued government treasury bills worth Omani Riyal 75 million ($194 million). Treasury Bills are short-term highly...
Treasury bills are short-term highly secured financial instruments that provide licensed commercial banks the opportunity to invest their surplus funds.
The bills have a maturity period of 91 days, from 24 November 2021 until 23 February 2022.
The financial advisor to Iraqi Prime Minister, Madher Muhammad Salih, has stressed the need for beginning a set of measures...
"What matters today is the accelerated growth in the energy sector, whose contribution to the to GDP constitutes approximately 45%"
"the growth rate in the gross domestic product exceed the growth rate of the population, which is a positive indicator towards the welfare of society"
The Turkish lira plunged to record lows against the dollar on Tuesday after President Recep Tayyip Erdogan said policymakers have...
The currency fell by 13 percent to almost 13 lira against the dollar
Turkey is facing the worst currency crisis since August 2018 when the value of the lira hit historic lows
Tens of thousands of migrants are stuck in Yemen, unable to pay for a return trip, held hostage by smugglers...
Tens of thousands of migrants are stuck in Yemen, unable to pay for a return trip, held hostage by smugglers or detained by local authorities
Movement along the Eastern Route is picking up again after slowing in 2020, when borders closed because of the coronavirus pandemic
Around 400 Iraqi migrants have returned home after spending three weeks in freezing forest of Belarus, deep in debt but...
The West accuses Belarus of taking migrants to the borders with EU members Poland and Lithuania with promises of easy crossing
Belarus has denied the claim and criticized the EU for not taking in the migrants
Deputy Foreign Minister Pawel Jablonski of Poland said on Monday that Poland and Qatar can increase their cooperation in many...
Jablonski said that his current visit to Doha aims to discuss new opportunities to support and advance economic, investment and tourism cooperation
He also discussed with Qatari officials ways to enhance cooperation with the Qatar-Poland Business Council, the Qatar Financial Center, the Qatar Free Zones Authority