Economy - TRENDS MENA

ABU DHABI, UAE- Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while...

It fell nearly four percent to 10.41 to the dollar before clawing back some of its losses ahead of a...
The central bank has lowered its policy rate by 300 basis points to 16 percent since August
Even big businesses have started to express alarm that Turkey may be spiralling towards a currency crisis
The visa will enable MNC employees to participate in events, conferences, training courses, exhibitions and similar activities hosted in the...
The visa allows them to stay in the UAE for 90 days, with the option of extending their stay for another 90 days.
Between January and September 2021, Dubai received around 3.85 million international visitors.
The Turkish lira suffered one of its biggest falls of the year on Tuesday and hit new historic lows to...
The lira fell by nearly four percent to 10.36 to the dollar before clawing back some of its losses ahead of a meeting
Turkey's nominally-independent bank has bowed to incessant pressure from President Recep Tayyip Erdogan to drive down the cost of doing business in order to stimulate growth
Aviation giant Emirates expects to return to profitability "in the next 18 months" as the sector bounces back from the...
The Dubai-based carrier said last week it was on the path to recovery as six-month losses dropped by more than half from a year earlier.
Emirates posted an April-September loss of $1.6 billion, compared with $3.4 billion during the same period in 2020.
Global markets have enjoyed about 18 months of healthy gains with many hitting record or multi-year highs .
Global markets have enjoyed about 18 months of healthy gains with many hitting record or multi-year highs
But with the recovery well on track and people returning to a semblance of normality, inflation is surging to levels not seen in decades
For new investors, the new service will require only three steps: visiting the Saudi Ministry of Foreign Affairs website and...
Investors and companies wanting to do business in the Kingdom will benefit from the new reforms
The ministry said there will be a broad marketing campaign to ensure that foreign investors and companies can benefit from the new service
Briefing a National Assembly panel, Commerce Ministry’s Director-General Dr. Syed Kausar Zaidi said that Saudi Arabia imports 80 percent of...
Briefing a National Assembly panel, Commerce Ministry’s Director-General Dr. Syed Kausar Zaidi said that Saudi Arabia imports 80 percent of its rice from India
He; however, expressed the hope that the outcome of Prime Minister Imran Khan’s recent visit to Saudi Arabia may have some positive impact on the export of rice
The Fund, an initiative of the Dubai Securities and Exchange Higher Committee, will focus on supporting efforts to implement the...
The Fund seeks to fill a funding gap in the MENA venture capital (VC) market by investing in technology startups in the early stages of growth
As part of its mandate, the Fund will invest in a range of key initiatives, including Dubai Future Accelerators, DIFC FinTech Hive and Venture Builder Studios
In oil exporting countries, the fiscal deficits in 2020 will be replaced by large surpluses in 2021 and 2022, mainly...
As oil prices rise, the oil-exporting countries in the MENA region - Saudi Arabia, the UAE, Kuwait, Qatar, Oman, Bahrain, Algeria, Iraq, Iran, and Libya - are likely to gain
A rise in energy prices increases current account surpluses in Saudi Arabia by US$ 28.3 billion, in Iraq by US$ 11.6 billion, and in the United Arab Emirates by US$ 11 billion
Growing costs and a drop in purchasing power are seen as deterioration of the standard of living Kuwaitis have been...
The International Monetary Fund (IMF) attributed Kuwait's high inflation rate in 2021 to sharp rises in food prices and the cost of travel-related services.
The IMF expected that inflation would reach 3.2 percent by the end of this year and then stabilize at 3 percent in the medium run.