UAE, Bahrain, Qatar among top 10 expat destinations in the world
Overall, the Middle East, North Africa and Turkey (MENAT) was the highest-ranking region for the quality of life, with 71 percent of expats recommending it, according to a survey commissioned by HSBC Bank. More than 20,000 expats in 46 countries were questioned for the survey.Lebanon elite united against probe seen as survival threat
Lebanon's political parties seem united in rejecting an investigation into Beirut's massive port explosion that they fear could threaten their survival. Politicians have repeatedly obstructed the work of judge Tarek Bitar by refusing to show up for questioning, filing legal complaints against him, or calling for his dismissal.UAE makes up 88% of GCC investment in Sub-Sahara Africa
Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum (GBF) Africa in Dubai, conducted by the Economist Intelligence Unit, which featured two days of thought-provoking sessions highlighting business opportunities emerging across the continent.Tunisia in bailout talks with Saudi Arabia, UAE: Central banker
The birthplace of the Arab Spring uprisings, Tunisia has faced years of economic woes exacerbated by the coronavirus pandemic, with 18 percent unemployment and debt verging on 100 percent of gross domestic product.Ministry of industry briefs 11 French startups about UAE business scene
As many as 11 French startups in the technology, infrastructure and services were briefed about the UAE's business environment by the Ministry of Industry and Advanced Technology (MoIAT). The event was the ministry's latest initiative designed to promote partnerships between the UAE and foreign businesses operating in the advanced technology...Bahrain national-origin exports grow to $3.12bn in Q3 2021
Bahrain’s imports grew 16 percent, but its export of national origin ballooned 76 percent in the third quarter of 2021.Asian markets weighed by inflation woes, China growth slows
The losses follow a healthy run-up last week across the world fuelled by a strong start to the earnings season.Sabic leads low-carbon plan
Sabic, WEF, and global companies will formalize the plan.Robotics set to alter job markets in Gulf region
There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality and big data analytics.ADNOC Drilling included in major global indices
ADNOC Drilling’s has now achieved an integral position as the sole provider of drilling rig hire and rig-related services to ADNOC Group (ADNOC), as the Company maintains and further grows its critical role in enabling ADNOC to deliver on its 2030 crude oil production capacity target of 5 million barrels...Shekel surplus weighs down Palestinian economy
In Israel, as in many advanced economies, digital payments are rapidly growing, taking the place of transactions once done with bills and coins. But in the West Bank, a territory under Israeli military occupation since 1967, cash is still king.Qatar tops GCC region in food security
The country's National Food Security Strategy 2018-2023 is geared to increase the strategic stock of food commodities to ensure food securityBahrain central bank issues e-cheques
The e-cheques will retain all the basic functions, legal validity, and benefits of paper cheques while providing a paperless payment experience.Saudi Arabia to ease Covid-19 measures from October 17
While the country has scrapped social-distancing, it has not done away with the mask mandate.UN calls for ‘transformative action’ on World Food Day
UN Secretary-General Antonion Guterres has called for changes in the way the world produces, consumes, and wastes food. His remarks came on the occasion of World Food Day, whose theme this year is “Our actions are our future.”Saudi and UAE stock markets rebound
The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.Brazil’s Paraná emulates UAE to be a logistics hub: Governor
In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his state and the UAE are on an upswingSaudi non-oil exports post 37% record jump to SR125.3bn
Saudi Arabia’s non-oil exports rose 37 percent to a record SR125.3 billion in the first half of 2021, SPA reported. Non-oil exports were SR91.7 billion in the first half of 2020.Egypt’s current account deficit widens in Q1 as imports surge
Egypt's current account deficit widened in the first quarter of the current financial year because of a surge in imports and a slow rebound in tourism to pre-COVID-19 levels, according to central bank figures released on Thursday.Moody’s changes Oman economy outlook to Stable
Moody’s expects Oman’s current account deficit to decline below 4 percent of the GDP in 2021-23 from more than 13 percent in 2020.Turkish lira hits record low as Erdogan sacks central bankers
The Turkish lira sank to a record low against the US dollar on Thursday after President Recep Tayyip Erdogan fired three central bank members in an overnight decree. The embattled Turkish currency has lost nearly a fifth of its value so far this year as market concerns over the policy-setting...Inflation spikes in Saudi Arabia, fueled by high food prices
The rate of inflation in Saudi Arabia spiked in September after being at the lowest level in August, according to official data.Sukuk momentum may continue over the medium term on investor appetite: Fitch
Sukuk momentum is expected to continue over the medium term supported by intact investor appetite, funding diversification and refinancing needs, Fitch Ratings has said in a report. “Sukuk supply-demand imbalance will continue to be a key growth factor but not without headwinds,” said Bashar Al-Natoor, Global Head of Islamic Finance,...UAE’s non-oil foreign trade up 27% to AED900 bn in H1 2021
According to preliminary data released by the Ministry of Economy, the value of non-oil exports alone amounted to AED170 billion during this period, posting a growth of 44 percent compared to H1 2020 and 41 percent more than that of the same period in 2019.Digital upskilling key to MENA economic revival
About 70% CEOs in the Middle East believe that lack of digital skills is a threat to their businesses, a PwC survey has pointed out.IMF, G20 fret over supply chain bottlenecks, inflation fears
As demand has spiked, suppliers have not been able to keep up: Ships are lined up outside American ports waiting to offload goods, US consumer inflation remained elevated in September, global oil prices have jumped over $80 a barrel, the highest in years, and British families may do without turkeys...Saudi Arabia looks to boost the country’s GDP to $1.71 trillion
Saudi Arabia seeks to boost its economic output to reach $1.71 trillion, Saudi Investment Minister Khalid Al-Falih said on Wednesday.Look beyond subsidies to fight high energy prices: IMF
Governments should avoid using general subsidies as a way to soften the blow from recent high energy prices, said Paulo Medas from the IMF's Fiscal Affairs Department. Broad subsidies are expensive, so policymakers instead should use targeted aid to help low-income families, he added.UAE economy to grow at 2.1% this year, 4.2% in 2022: IIF
The Institute of International Finance (IIF) said that the UAE economy is rebounding from its deepest downturn in decades as oil prices recover and the country’s accelerated vaccination policy has allowed a broad-based reopening of sectors.Saudi EXIM Bank joins Berne Union
This will help the bank address major issues in export credit.CBUAE, ADGM to cooperate in FinTech sector
CBUAE and ADGM will collaborate on the development and growth of the FinTech ecosystem in the UAE.FAB joins Net-Zero Banking Alliance
FAB is the first bank in the UAE and GCC to join the NZBA.OFID to support Paraguay SMEs, agriculture
OFID has signed a term loan agreement for $30 million with Banco Regional of Paraguay, the third of its kind to the country. Proceeds from the first tranche were loaned to the agriculture sector. The second facility provided 53 sub-loans to Paraguayan enterprises for international trade finance purpose.Bank deposits up 0.7% to $525.17bn by August-end: CBUAE
The deposits rose to AED1,928.7 billion at the end of August from AED1,915.1 billion at the end of July.Asian traders move cautiously ahead of inflation release
With the world's top economy well on the recovery track, the US central bank has already signalled it will begin to wind back the massive financial support put in place at the start of the pandemic.UAE approves budget of AED 290bn to 2026
The cabinet also approved the 2022 budget, which calls for spending of AED 58.931 billion ($16.05 billion).IMF pegs 2021 global growth at 5.9%
The IMF noted that emerging variants of the novel coronavirus have made policy choices more difficult, with limited room to maneuver.Saudi Arabia issues over 1,600 residential plots in September
The plots are said to have been issued under the country’s Sakani Housing program, which is a part of Saudi Arabia’s drive to increase homeownership among the Saudi families. More than 145,000 families have benefited from the program since the beginning of this year until August.Arab youth name UAE country of choice for the tenth consecutive year
For the tenth consecutive year, Arab youth have said the UAE is the country they would like to live in the most and the one they would like their own countries to emulate, according to a survey. The 13th Annual ASDA’A BCW Arab Youth Survey, conducted this year by global...Lebanon leaders start conclave to plan rescue of economy
Lebanon is currently experiencing possibly the worst economic crisis in the world.China pledges $233 million to global biodiversity fund
Beijing -- the world's biggest polluter -- has sought to play a more prominent role internationally on biodiversity conservation in recent years.IMF reaffirms ‘full confidence’ in head Georgieva
The IMF board said it "considered that the information presented in the course of its review did not conclusively demonstrate that the Managing Director played an improper role regarding the Doing Business 2018 Report when she was CEO of the World Bank."Saudi eyes $100bn yearly in foreign investment as part of Vision 2030 plan
The NIS is expected to raise annual FDI flows to $103.47 billion and increase annual domestic investment to $286.33 billion by 2030.Qatar, Saudi Arabia lead GCC in education spend
Qatar and Saudi Arabia lead the GCC countries when it comes to spending on education.Natural experiments bring Nobel Prize to three US economists
Card’s studies of core questions for society and Angrist and W Imbens’ methodological contributions have shown that natural experiments are a rich source of knowledge.Have Pandora papers jeopardized Lebanon aid?
The country is already reeling under the impact of its worst-ever economic crisis, shutting down of power stations due to fuel shortages, Covid-19 pandemic and the explosion last year at Beirut's port. The Pandora papers further highlight the state of corruption among the political class.Iran needs $22bn to maintain gas output
Iran’s Oil Minister Javad Oji has reportedly said the country requires at this investment to maintain the production level of the gas fields over the next six to eight years. Meanwhile, a project to study methods to increase the recovery factor gas fields will start by late March 2022.Dubai announces projects worth $6.8 billion
They include urban development, health, and transport projects.Sharjah Chamber to sponsor 12th World Chambers Congress
Running from November 23 to 25, the event will be held under the theme ‘Generation Next: Chambers 4.0’Lebanon in blackout as power stations run out of fuel
State electricity in most places is barely available for an hour a day amid rolling power cuts


















































