Equities sink, oil rallies on fears of Iran-Israel conflict
Stock markets fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel's army chief vowed a response to Iran's unprecedented attack on his country at the weekend.The selling came after Wall Street's three main indexes tanked in response to forecast-beating US...
Jordan Dana Reserve featured on NY Times’ 2022 travel wish-list
The newspaper highlighted the Dana Reserve as a site worth visiting, which combines a deeply rooted history, unique environmental components and breathtaking natural beauty.Climate change worsening toll on outdoor workers: Study
Researchers in the United States, who estimated the current cost at $2.1 trillion every year, said the effects of stifling temperatures on people doing heavy work in agriculture and construction had been underestimated. They found that between 2001 and 2020, exposure to high humidity and heat was linked to 677...Mineral resources key to supporting Saudi economy: Investment Minister
Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz Al-Falih said that the mineral resources sector is among the most important resources that support countries’ economies. Participating in a session of the International Mining Conference, he said that the Kingdom of Saudi Arabia has increased its competitiveness in the sector through...EU expects more GCC investors for its special program: Official
On 12th October 2021, the European Commission issued its first-ever NextGenerationEU green bondInflation second on external concern list, worry global CEOs
As prices have surged, inflation has soared as a worry for global executives, overtaking concerns about Covid-19 disruptions in some regions, according to a survey released Thursday. In a "seismic shift," inflation now ranks second on the list of top external concerns after labor shortages, up from 22nd last year,...Iranian teachers demonstrate in several cities against pension reforms
Hundreds of teachers on Thursday rallied in several Iranian cities to denounce the slow implementation of salary and pension reforms, state media reported. In Gilan province on the Caspian Sea coast, around 150 teachers marched in the city of Rasht, while another 70 did so in Lahijan, the state broadcaster...Students struggle as Lebanon crisis cripples university sector
University expenses are now beyond the reach of most Lebanese students, with their country in the throes of a financial, political and health crisis that has ravaged its economy.Gulf watch: Sectors that will grow most in 2022
The business environment in the region will experience a transformation that will have a far-reaching impact on economic trends and social dynamics.Free Trade Agreement with UAE nearing conclusion, says Indian minister
India’s Minister of Commerce and Industry, Piyush Goyal, on Wednesday told the heads of top business and industry associations in New Delhi that the Free Trade Agreement (FTA) with the UAE is "nearing conclusion". Goyal said, "the government was striving to conclude several early harvest agreements with countries so that...Morocco’s GDP expected to grow by 3.2 percent in 2022: World Bank
The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in 2022 and would rise to 3.5 percent in 2023. "The output in Morocco is expected to expand by 3.2 percent in 2022, slowing from the previous year’s rebound”, said the...Dana Gas, Crescent Petroleum report record sales gas production
Dana Gas and its partner Crescent Petroleum have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million standard cubic feet per day (MMscf/d) at the end of 2021. The production milestone is the culmination of numerous process improvements at the Khor...Jordan revenues from income, sales tax hit $7.35bn in 2021
While sales tax collection rose 14 percent, income tax collection rose 7 percent from 2020 to 2021.World economy at risk as Omicron engulfs Europe
More than half of people in Europe will likely catch Omicron by March, the WHO has said amid a World Bank warning that it could hamper global economic recovery.Self-mobility a ‘promising business’: Ekar founder
Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.Lebanon prosecutor hits central bank chief with travel ban
Riad Salameh is among the top Lebanese officials blamed for a financial crisis that the World Bank says is of a scale usually associated with wars.Tadweer of Abu Dhabi to hold ‘EcoWASTE’ exhibition
The exhibition and forum cover various fields, including recycling and waste management and treatment in the MENA region.Lebanon telecom ministry’s budget to be based on two figures: Minister
Lebanon telecommunications ministry's budget would be based on two figures instead of one within the framework of the new state budget, said telecoms minister Johnny Corm. Corm said the first figure took into consideration the possibility of continuing to charge consumers the same current tariff, which is based on the...Lebanon looks to import gas from Egypt
Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday.Qatar, IAEA join hands for nuclear projects with peaceful uses
Qatar’s Ministry of Environment and Climate Change has said the projects will cover a variety of sectors, including the medical, industrial, and environmental fields.Lebanon residents join migrant flow to EU as economy spirals
Lebanon, a country of around 6 million people, is grappling with an unprecedented financial crisis that the World Bank says is on a scale usually associated with wars. The currency has crashed, people's purchasing power has plummeted, and the monthly minimum wage is now worth $22.GCC must heed IMF take on emerging economies
The IMF's warning that developing nations are about to face what it called “economic turbulence” is bad news for the GCC as it may hamper the revival of regional economies.UAE-Israel free trade deal likely by March: Envoy
The two countries are on track to finish negotiations on a Free Trade Agreement by March or April, Israel's first ambassador to the UAE, Amir Hayek tells TRENDSSuriname, Tanzania, and Senegal explore investment opportunities at Expo
Suriname, Tanzania, and Senegal have explored investment and other opportunities to collaborate with the stakeholders from across the region and the globe through the World EXPO2020 Dubai, according to CEO Clubs Network. CEO Clubs Network hosted "Suriname: Oasis of Opportunities for the ‘Republic of Suriname’ in the presence of the...Egypt’s plasticware exports rose by 43% in 2021: Trade minister
Chemical industries topped Egypt’s plasticware exports in 2021 with a total value of $2.7 billion compared to $1.4 billion posted in 2020.UNWTO optimism to cheer up MENA tourism
While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia are using it to diversify their economy.Spotify, Anghami vie for local talent in MENA
Anghami is developing social features that will enhance the listening experience of friends and family members and create communities on the platform.Gulf ministers visit China amid energy fears
The officials from Saudi Arabia, Kuwait, Oman and Bahrain, as well as secretary general of the Gulf Cooperation Council (GCC) Nayef bin Falah al-Hajrah, will be in China until Friday.IMF warns developing countries of ‘economic turbulence’
Emerging economies should gird for possible rough times as the US Federal Reserve prepares to raise interest rates and world economic growth slows because of the Omicron variant of Covid-19, the IMF warned Monday. The International Monetary Fund, which is scheduled to release updated economic forecasts on January 25, said...Saudi Arabia GDP to gain in 2022: Kuwait Financial Center
Government spending on infrastructure projects as part of the Vision 2030 program is expected to boost non-oil GDP growth.Protesters behind national blackout in Lebanon, says power company
Lebanon experienced total blackouts after demonstrators stormed a key substation and tampered with the electrical equipment.Saudi index varies while UAE stock market starts low
A new year saw quite some ups and downs in the top stock markets in the region, even as the UAE markets adjusted to a Monday-to-Friday workweek.Iraq signs project to reduce carbon emissions
The emission reduction is expected to take place through upcoming contracts in solar energy field.Dubai, Malaysia discuss cooperation in tourism sector
The Emirate and the visiting Malaysian minister discussed the initiatives that would enhance the industry.World Bank okays $90m in pandemic aid for Iran
World Bank support for Iran's Covid-19 response is expected to help the country mitigate the ongoing humanitarian crisis within its borders, with the development lender having already called the nation the epicenter of Covid-19 infections in the region.Markets struggle ahead of US jobs report, expected interest hike by Fed
Global stock markets wavered Friday as dealers awaited vital US jobs data and mulled the Federal Reserve's readiness to hike interest rates aggressively. London stocks edged higher in late morning deals, while Frankfurt nudged lower and Paris was flat nearing midday in the eurozone. The dollar was under pressure before...UAE’s Central Bank says M1 rose by 2.1 percent at the end of Nov 2021
The Central Bank said on Friday that the Money Supply aggregate M1 increased by 2.1 percent, from AED 671.6 billion ($182 billion) at the end of October 2021 to AED 686.0 billion at the end of November 2021. The Money Supply aggregate M2 increased by 1.3 percent, from AED 1,498.3...Bahrain’s economy grows 2.09% in Q3 2021
The national accounts report shows that the growth is the outcome of the rise achieved by the non-oil sector by 3.76 percent in real terms and 5.94 percent at current prices.Turkey president eyes youth support ahead of 2023 election
Analysts think politically diverse Gen Z voters hold one of the keys to Erdogan's tricky path to presidential re-election.Food prices rose 28.1% in 2021, may remain high in 2022: FAO
The FAO’s Food Price Index, which tracks monthly changes in international prices, averaged 125.7 points.India aims at boosting honey exports to UAE, Saudi Arabia
India started its honey exports only in the fiscal year 1996-97, and is the world’s eighth-largest honey producer and ranks ninth among the honey exporting countries globally.Ajman’s $656m budget for 2022 focused on infrastructure, community facilities
Ajman's budget of AED2.41 billion ($656m) for 2022 has been approved by the emirate's ruler Sheikh Humaid bin Rashid Al Nuaimi, with infrastructure, community facilities and the environment accounting for 39 percent of the total allocation. Economic affairs (34 percent), public services (19 percent) and public order and safety (eight...Fed signals faster rate hikes, Asian, European stocks sink
London's benchmark FTSE 100 index slid 1.0 percent to 7,445.04 points, after heavy losses earlier in Asia and overnight on Wall Street.GCC, Pakistan finalize action plan for strategic dialogue
The action plan was finalised during a delegation-level meeting between Pakistan Foreign Minister Shah Mahmood Qureshi and GCC Secretary General Dr Nayef Falah M. Al-Hajraf.Iraq acquires ExxonMobil share
The share was bought by Iraqi national oil company.‘Social media key to brand identity in 2022’
Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and MD of AccuraCast, a UK leading digital marketing agency.Barter best payment method in Iran-Pakistan trade: Official
The Secretary-General of Iran-Pakistan Joint Chamber of Commerce Fahimeh Damroudi said that barter is the best choice of exchange as the proper way of financial exchange does not exist. Reportedly, Iranian President Ebrahim Raisi has repeatedly underlined the importance of trade development with neighbors. As the president stressed, boost in...Kuwait to increase crude output by 27,000 barrels per day from Feb 1
Kuwait will increase its crude production by 27,000 barrels per day (bpd) to 2.6 million bpd from 1 Feb. 2022 in compliance with its new crude output quota after the OPEC and non-OPEC alliance's decision to upwardly adjust output level by 400,000 bpd as of next month. Deputy Prime Minister...ADNOC awards $946m EPC contract
The contract awarded to NPCC for the development of Umm Shaif field.USAID to fund surface water usage project in Jordan
Water loss reduction projects can also boost water reserves, upgrade water facilities in the Jordan Valley and maintain water and irrigation infrastructure.Lebanon currency falls further as leadership placates Saudi Arabia
The midmarket rate for the Lebanese pound is around 1,500 to the dollar, but the reality on the ground is that the black-market rate of 30,000 prevails.



















































