The OIC has said its members as well as non-members need to organize and implement an immediate humanitarian assistance plan for Afghanistan.

Many Tunisians are tired of a system that is seen as graft-ridden and ineffective, and have welcomed the protests.

Fed Governor Christopher Waller said the decision announced Wednesday gives policymakers the ability to respond quickly with an increase in the benchmark lending rate, which he expects "will be warranted shortly after our asset purchases end" in the spring. Asked to be more precise about the timing, Waller said, "We'd...

The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah.

According to a press release by the Ministry of Planning and International Cooperation, the loan is expected to benefit about 300,000 people.

Global cues and local developments could not dampen the overall improvement.

Disagreements over the size of the losses between Lebanon's government, central bank, and banking sector contributed to the collapse last year of negotiations with the fund over a new loan program, which is seen as essential to the country's efforts to emerge from a severe economic slump.

Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan is experiencing an influx of investment to develop software-dependent sectors such as transportation, tourism, energy, and water, the Jordanian minister adds.

The OPEC Fund for International Development has approved $352 million for sustainable development operations globally at the organization’s 178th Session of the Governing Board, held virtually on Thursday, media reports said. Members of the Governing Board also reviewed several milestones achieved as part of the OPEC Fund Strategic Framework 2030,...

UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched the second season of the World’s Coolest Winter campaign. The campaign is carried out by the UAE Government Media Office, in collaboration with the Ministry of Economy and relevant tourism and culture entities. An official statement said...

A total of 13, 978 Bahraini nationals have invested in UAE public shareholding companies in 2020 and 331 licenses for various economic activities were granted to them, the UAE Ministry of Finance has said. The Ministry said on the occasion of Bahrain National Day that trade between the UAE and...

Jordan’s Investment Minister, Khairy Amro, said the investment law, which the government is currently working on, will cope with the most developed international laws in this field.

King Mohammad bin Salman bin Abdulaziz recently announced that the kingdom would bid for the expo.

The United Nations says about one-third of Iraq's population lives in poverty, despite the country's oil wealth. The effects of low rainfall have been exacerbated as the levels of the country's two main rivers, the Tigris and Euphrates, drop because of upstream dams in neighboring Iran and Turkey.

Syrian lawmakers have approved a draft budget for 2022 of $5.3 billion, down from $6.8 billion this year, as a spiraling economic crisis hits public finances and threatens subsidies on essential goods. A decade of war, Western sanctions and the coronavirus pandemic have devastated the Syrian economy, pushing most of...

The new partnership between Harvard university’s Growth lab and the UAE’s Ministry of Economy is in line with the government’s efforts to create a new model for the formulation of future economic policies

TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.

The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.

The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be "more comfortable" in 2022, the International Energy Agency said on Tuesday. The oil market "appears to stand on a better footing than it has for some time," the IEA wrote in its...

Mubadala Investment Company and Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, Tuesday signed a Memorandum of Understanding (MoU) to facilitate strategic cooperation between the two institutions. As part of the MoU, Mubadala and Mumtalakat will explore worldwide co-investment opportunities. They will also exchange knowledge...

The proposal was mooted at the apex bank's fifth board meeting chaired by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of the Board of Directors of the Central Bank of United Arab Emirates. 

Musk, the world's wealthiest person wields impact on Earth with his Tesla electric car company and beyond our planet with his SpaceX rockets.

The Abu Dhabi Investment Office (ADIO) has connected with hundreds of global business leaders, entrepreneurs and innovators in a series of six inaugural events organized by its international office network to discuss expansion opportunities to the UAE capital. ADIO’s offices in London, Paris, Beijing, Seoul, New York and San Francisco...

The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.

An online electronic platform named 'loubany', aimed at promoting Lebanon's economy and industry, will be launched in on 15 January 2022. Local media reports said loubnany will be launched under the patronage of Industry Minister Georges Poushkian, with the participation of the Association of Lebanese Industrialists, the Economic Affairs Directorate...

The project aims to devise proper legislation, and setting up of rainwater harvesting catchment areas as well as smart farms.

Oil and gas returns are set to comprise 68 percent of total revenues, against 32 percent for non-oil and gas revenues.

Even as Lebanon faces one of the worst economic crises, about US$7 billion remains missing from the Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests.

More than 5,000 demonstrators gathered at the call of the main unions to protest against the deterioration of the value of the Turkish lira and the rate of inflation.

Total expenditures were budgeted at SAR955 billion, and revenues at SAR1.045 trillion, giving a surplus of SAR90 billion.

About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak government policies for the economic crisis.

The UAE has made nutritional labeling of pre-packed products as traffic light colors voluntary, after amending a requirement that would have made such labeling mandatory. An official statement said the move is in line with the UAE government’s "focus on supporting the performance and competitiveness of the industrial sector and...

The council will focus especially on boosting the emirate’s leading-edge competitiveness and leadership regionally and internationally.

Dubai reduced its carbon emissions by 33 percent in 2020, which is more than double the target of the Dubai Carbon Abatement Strategy 2021, said Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy. The Dubai Carbon Abatement Strategy aims to reduce carbon emissions by 16...

The region's economic instability, exacerbated by the coronavirus pandemic, has spurred many to turn to online banking and financial tools.

Morocco’s new government aims to narrow the wealth gap in the country where unemployment is running at almost 13 percent. The economic recovery is expected to continue, although the pandemic may leave some scars.

Inflation in Syria is soaring just as fast as it is in neighboring Turkey, with basic food items such as bread selling at record prices and purchasing power at its lowest ever. And when the price of a bag of flatbread stops rising, locals say, the amount of bread inside...

As per the system, the insured will receive end of service benefits in accordance with the retirement law in the person’s own country.

The Dubai Paperless Strategy was implemented in five consecutive phases, each of which enlisted a different group of Dubai Government entities.

The conference was held under the patronage of the Chamber of Commerce, Industry and Agriculture in Obari with Arab and international participation.

Germany will provide €15 million to ensure that 50,000 Palestinian refugee children in Gaza and 46,000 in the West Bank have continued access to learning in UNRWA schools.

Turkey's annual inflation has surged above 20 percent to its highest level in three years after President Recep Tayyip Erdogan installed loyalists at the central bank who share his unorthodox vision that high borrowing costs cause inflation rather than slow it down.

Iran plans to double exports to regional countries within the four-year term of President Ebrahim Raisi, though the target is achievable even within the next two years and a half, said the country's Deputy Foreign Minister for Economic Diplomacy Affairs Mehdi Safari. Safari, while presenting a report of the 100-day...

Traders were awaiting the latest US consumer price data, set for release Friday, which is expected to show inflation climbing higher last month.

The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population.

The meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC), was held on Thursday via video.

The two countries are seeking to establish a regional complex for the extraction, use, and storage of carbon.

Some observers predict the Lebanese pound could drop to a rate of 40,000 against the dollar or worse in the coming weeks. The financial crisis that started in 2019 is the worst in the country's history and has left four in five Lebanese living under the poverty line.

UAE is the first country in the world to offer a national work week that is shorter than the five-day global week, as well as the first Gulf country to do so.

Qatar and Turkey have announced they agreed to extend a currency swap deal between their central banks, as Ankara’s lira has plunged in value fuelling an economic crisis. According to a joint statement on Tuesday, the two sides “welcomed the signing of the agreement on the extension and amendment of...