About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders.

The minister also highlighted the Renewable Energy and Energy Efficiency Law, issued for this purpose, along with the terms and conditions of exempting renewable energy sources systems from all customs duties and sales tax.

Iraqi's granting facilities to investors including regulations in completing transactions and eliminating corruption and providing safe environment renewed many hope for the growth of investment sectors in the country.

Prime Minister Najib Mikati has said the Hezbollah allegations do not reflect the official position of Lebanon.

Over time, inflation has come to be defined as how much a currency has lost value over a specific period.

Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far not heavily hit demand.The so-called OPEC+ grouping, including top producers Saudi Arabia and Russia, has withstood pressure to more widely open the taps though high energy...

The economic licenses issued by the Department of Economic Development in Ajman (Ajman DED) during 2021 grew by 41 percent. Also, the number of establishments reached 27,913, and the Labor Resilience Index reached 17 percent. The efforts and initiatives launched by the Ajman DED during 2021 have resulted in a...

Consumer prices jumped to 36.1 percent last month from the same period in 2020, up from 21.3 percent in November.

Mohammad Ali Farahnakian, advisor to Iran's energy minister for international affairs, told IRNA on Sunday that given a contract among the three countries, implementation of the power network connection project will be launched following the presentation of specialized reports by these states to Iranian engineering consultants.

At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab countries.

A total of 236,088 tourists of all nationalities visited the city, including 135,064 non-Arab visitors, 16,026 Arabs 11,615 and 84,776 Jordanians.

Several countries in the region have already formed AI policies to support their national goals after this technology demonstrated its ability to serve in several areas.

Sheikh Mohammed bin Rashid Al Maktoum said the budget supports the Dubai Strategic Plan 2030 and places Dubai at the 'forefront of worldwide efforts to promote recovery'.

The total number and value of sold real estate in Qatar have increased at a monthly rate of 2.8 percent and 28.2 percent respectively in November, compared to October 2021. The issued cash increased by 3 percent, compared to October 2021, and at an annual rate of 20.7 percent, compared...

Expenses stood at 9.8 billion dirhams at the end of November 2021, against 9.58 billion dirhams a year earlier and 19.26 billion dirhams during the first eleven months of 2019.

Russian President Vladimir Putin has invited Iran’s President Ebrahim Raisi in Moscow for discussion over expanding strategic cooperation.

The Banque Centrale du Tunisie (BCT) board has urged for continued coordination between financial and monetary policies.

The fact that the European Commission quietly distributed the text of this proposal to member states late on Friday, in the final hours of 2021 after the much-delayed document had been twice promised earlier in the year, highlighted the rocky road to draft it.

Eligible topics include electoral, economic, financial, social, developmental, health, education and cultural affairs.

The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year.

Experts believe that 2022 will be a milestone year for bitcoin, with the ups outweighing the downs. Cryptos may suffer in the early part of 2022 due to concerns over the overall macroeconomic environment, with Covid-related uncertainty and inflation being high and central banks unsure whether to be proactive in...

The Lebanese pound has lost more than 90 percent of its purchase power since end-2019, due to its devaluation against the dollar. The exchange-rate problem has led to a fuel shortage in Lebanon, to the extent that the entire country was plunged into darkness earlier this year.

Given the current trends, the country’s GDP is expected to grow by 13.8 percent by the end of the current fiscal year as compared to the year-ago period.

Tunisian President Kais Saied is preparing to ask the public for their thoughts on a new constitution.

The election, set for December 24, was meant to be the culmination of UN-led efforts to drag Libya out of a decade of conflict.

Having more than trebled in value to $60,000 between December 2020 and April, bitcoin has lost some shine to trade at under $50,000 heading into the new year.

International oil prices surged by around 36.5 percent and reached a 7-year peak, exceeding US$ 82 a barrel at the end of November 2021, the highest since October 2014.

Earlier this month Turkey and Armenia named special representatives to work on the normalisation of ties.Turkey will be represented by former Washington ambassador Serdar Kilic, while Armenia appointed Ruben Rubinyan, deputy speaker of the National Assembly, as special envoy. Turkish and Armenian companies have also applied for permission for charter...

Finance Minister Nureddin Nebati urged citizens to sue economists who comment on social media about the lira's slide. His remarks followed the banking regulator's decision to file complaints against more than 20 people over their Twitter posts.

The exchange house used a civilian vehicle to transport the money instead of using Cash-in-Transit Agent.

The ancient bathhouses of Syria's second city Aleppo are filling up again, not because of a revived fad, but due to power cuts that have made hot showers a luxury. "We mainly rely on electricity to heat water at home, but the electricity is cut off most of the time,"...

The project will improve wastewater treatment and environmentally friendly sludge disposal.

Apart from the hospitals, the rest of Mosul is also struggling to regain a sense of normalcy. Residents crowd into cafes and restaurants, many of which have opened under buildings left in a suspended state of construction, their top floors scarred by gaping holes.

As the startup ecosystem takes off in the MENA region, TRENDS helps experts deliver valuable advice for entrepreneurs.

Prosecutors had already questioned Culture Minister Mabrouka Touki before the order was issued to detain her on charges of ‘falsifying official documents in order to complicate the processes of review and oversight of public spending.’ Her detention comes after Education Minister Moussa al-Megarief was arrested in an inquiry into a...

The Abu Dhabi School of Government (ADSG) and Abu Dhabi Global Market Academy (ADGM Academy) have launched the ‘Investment Foundations' program, which seeks to equip Abu Dhabi government employees with knowledge and skills related to finance, ethics, and investment practices. Targeting Abu Dhabi government employees working in the financial sector,...

Negotiations with the IMF opened in May 2020, but after two months they stalled amid arguments over the size of financial losses.

Experts caution against too much optimism around early indications that Omicron causes less severe disease than previous strains, pointing out that it is spreading so fast it could still overwhelm health systems.

The Saudi Fund for Development is investing USD60 million to develop the infrastructure of the transport sector to reduce death and injury rates resulting from traffic accidents.

Payment landscape in Gulf countries is headed for a significant change, Ralf Wintergerst, Group CEO of G+D tells the TRENDS. "CBDC solves several challenges of today’s payment and crypto-currency world. There’s a multitude of payment options, be it cash or digital, as well as the emergence of new forms of...

Debt-ridden Tunisia unveiled a 2022 budget on Tuesday that will see it borrow almost $7 billion more, as it seeks to stimulate an economy battered by the coronavirus pandemic. The 2022 finance law boosts spending by over three percent year on year to 57.3 billion dinars ($19.8 billion, 17.6 billion...

Iraq's Ministry of Planning has said several positive economic indicators have risen during 2021 and several measures are being taken to activate the economy. Abdul Zahra Al-Hindawi, a spokesman for Iraq's Planning Ministry, said those who lost their jobs in 2020 returned to their jobs, which helped in the economic...

The board of governors at the Central Bank of Oman expressed satisfaction with the state of the 2021 FX reserves.

The Ministry of Planning has not prepared a report on economic indicators during the year 2021 but there is an improvement in many fields.

The total number of tourists coming to the Kingdom in the period has surpassed 2.1 million, while the number of overnight tourists has inched up by 8.9 percent.

London-based think-tank Cebr predicts the economic future of countries across the world and the outlook remains rosy for the Gulf region.

The preliminary results showed a surplus value for the capital and financial account amounting to $222 million, mainly caused by the surplus in the capital account which amounted to $114 million.

Jordan will distribute JD1 million to compensate those suffered losses due to the Al Waleh Dam draught and cross-border fires in the northern Jordan Valley.

Oman's capital Muscat will be the Arab Digital Capital for 2022, the Council of Arab Ministers for Communications and Information has announced following a decision at the 25thsession of the Arab minister's council. The event was hosted via videoconferencing by the Arab League’s technical secretariat general of Arab Ministers of...

Each year, UK charity Christian Aid calculates the cost of weather incidents like flooding, fires, and heat waves according to insurance claims. In 2020, it found the world's 10 costliest weather disasters caused $150 billion in damage, making this year's total an increase of 13 percent.