Faster hydrogen production needed for energy transition: WTO
Abu Dhabi, UAE-- In order to speed up the energy transition there must be a fast increase in the production...Economy Climate Change
Nadia Calvino is now European Investment Bank head
BRUSSELS, BELGIUM - Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a...Banking & Finance Economy Geostrategy
Jobs rise for first time in Egypt since 2019
Slight drop in headline seasonally adjusted PMI in July points to minor deterioration in the health of the non-oil sector.Slight drop in headline seasonally adjusted Purchasing Managers’ Index in July points to minor deterioration in the health of the non-oil sector.
Influence of rising raw material prices, fuel costs, wages n cost pressures down in July, says IHS Markit survey.
Arab economies to grow by 2.9% in 2021, 3.6% in 2022: Report
Uneven recovery is expected as eleven Arab countries will likely recover by the end of 2022, while the recovery path...
Bread to cost more in Egypt as govt decides to slash subsidy
Egypt has decided to withdraw subsidy from bread that will make it dearer for a people who have relied on...
UAE’s non-oil economy picks up in July, strongest in two years
Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would...Egypt’s exports shot up 54 percent to $282m in June 2021
Egypt’s exports of engineering products spiked by 54 percent to $282 million in June 2021, compared to $180m in the...
PMI: Saudi non-oil economy expands but challenges ahead
PMI falls for the first time in four months in July. The downgrade driven by weaker growth in output, new...
IMF officially approves increased lending capacity
The program, which had already been approved by the IMF's executive board in mid-July, will be implemented on August 23
Abu Dhabi cuts procedures to start business by 71 percent
Discussions with stakeholders helped the Abu Dhabi government identify and remove duplicate requirements and modify existing requirements to facilitate the...
Lebanon army gets second batch of food aid from Qatar
The first shipment was sent on July 8 on an Amiri Air Force aircraft belonging to the Qatari Armed Forces,...Lebanon is facing a deepening economic crisis that the World Bank now considers one of the worst in the world
The Lebanese pound has lost around 90% of its purchasing power since November 2019
Israel’s govt approves state budget after three-year impasse
A protracted political crisis under former prime minister Benjamin Netanyahu generated political instability that prevented the passing of a state...
