Pakistan's new government, grappling with soaring inflation and political unrest, unveiled a 9.5 trillion rupee ($47 billion) budget Friday, earmarking more than 40 percent to service the country's massive foreign and domestic debt.

The report recommended empowering youth politically by activating the role of the Political Institute of the Ministry of Youth.

Iran and Venezuela signed a 20-year deal on cooperation between the two countries in various sectors including energy, financial and defense

Lebanon said Friday it will resume appointments to issue and renew passports next week after suspending such bookings in late April due to supply shortages that sparked nationwide alarm.

FAO predicts the global food import bill would rise by $51 billion compared to 2021, of which $49 billion would be due to the increase in price.

Abu Dhabi, China’s Shandong agree to work towards boosting investment opportunities

Protection and Promotion of Investments Agreements aim to protect investments from all non-commercial risks like nationalisation, expropriation, and sequestration.

Security and lack of IT skills have cast a shadow over the pursuit of digital transformation in the Middle East, despite enthusiasm for the cloud, Rackspace Technology believes.

Saudi Arabia's Industrial Production Index (IPI) in April 2022 increased by 26.7 percent compared to the same month last year. The General Authority for Statistics (GASTAT) said the IPI continued to show positive growth rates due to the high production in mining, quarrying and manufacturing activity. The IPI is an...

The UAE Minister held a series of high-level meetings with government and business leaders in South Korea to strengthen bilateral ties and economic opportunities

Middle East, Africa and Southern Asia (MEASA) has the world’s highest growth potential, according to a report by the New York University Abu Dhabi (NYUAD) Transition Investment Lab (TIL). The TIL marked its first year of activities by publishing its inaugural Annual Report, which studies how sustainable investments can contribute...

Saudi Arabia finalized investment worth SR15.2 billion ($4 billion) in the first quarter of 2022 and closed 101 investment deal which represents a 225 percent increase from the same period last year.

Iraq passed Wednesday an emergency finance bill to pay debts to Iran to ensure gas supplies and forestall worsening power cuts, as well as to buy grain for "food security".

World Bank data indicates only 40% of working-age women in the GCC are employed, even though they are increasingly better educated

Sanctions imposed on Moscow over the invasion of Ukraine are rolling back more than a decade of economic progress and three decades of integration with the West, according to an analysis Wednesday. But economists at the Institute for International Finance caution that the impact is a "moving target" since more...

The European Central Bank is set to announce the end date to its bond-buying stimulus on Thursday, as concerns over the accelerating pace of inflation in the eurozone grip policymakers. The stop is a prelude to the ECB hiking rates for the first time in over a decade in the...

As the number of people in UAE who deal in cryptocurrency rises, sectors like real estate, hospitality and travel have started accepting cryptocurrency payments.

The emirate is currently witnessing the launch of related commercial, industrial and residential projects in various cities.

The CBUAE projected the real GDP growth to reach 5.4 percent in 2022, after the growth jumped to 3.8 percent in 2021.

The OECD on Wednesday warned that the world economy would pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 world growth forecast and said inflation to keep rising.

The OECD warned Wednesday that the world economy will pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 growth forecast and projected higher inflation. The Paris-based organization, which represents 38 mostly developed countries, is the latest institution to predict lower GDP growth due to the...

Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank (EDB), has called on the local and regional banking community to increase access to corporate finance and accelerate the UAE’s economic recovery. Speaking on the opening day of Bonds, Loans & Sukuk Middle East 2022, which took place at...

India's central bank on Wednesday hiked rates for a second time in as many months, as Asia's third-largest economy reels from galloping inflation in the wake of the Ukraine war.

The World Bank on Tuesday approves an additional $1.5 billion in aid for Ukraine, bringing the total planned support package to more than $4 billion.

The Agency for Natural Resources and Energy in Tokyo.reported that the amount of crude oil that Japan imported during that month amounted to 87.59 million barrels.

The United States, Britain, France and Germany have submitted a motion to the UN atomic energy watchdog to censure Iran over its lack of cooperation with the agency, diplomats said Tuesday. The resolution urging Iran to cooperate fully with the International Atomic Energy Agency (IAEA) is the first since June...

A coalition of tribes in East Sudan announced on Tuesday the end of a sit-in which blocked roads to the crucial Red Sea port, after the governor announced his resignation.

Wall Street stocks fell early Tuesday as the World Bank slashed its global growth outlook and Target warned of lower profits in the current quarter. The World Bank cut its growth estimate for the global economy to 2.9 percent, 1.2 percentage points below the January forecast, in the wake of...

The Gross Domestic Product (GDP) of Saudi Arabia grew by 9.9 percent in Q1 of 2022 compared to Q1 of 2021, and the seasonally adjusted GDP increased by 2.6 percent compared to Q4/2021. The GDP Report for Q1 2022 released Tuesday by the General Authority for Statistics (GASTAT), said this....

The current rebound is due mainly to strong growth in oil exporters boosted by rising oil revenues and a general waning of the pandemic’s adverse impacts in highly vaccinated countries. The growth, however, will slow abruptly in 2023 and 2024 across the region, the report adds.

Ajman Free Zone stresses on the importance of Special Economic Zones and their impact on businesses from various perspectives.

The vote just over two years after he won a landslide general election victory was brought after a string of scandals that have left the Tory party's standing in tatters.

The two tranches comprise US$ 1.75bn five-year Trust Certificates with a 4.40% yield and US$ 1.5 billion 10-year Trust Certificates with a 4.70% yield

The Central Bank of Egypt said that the net cash reserve balance covers five months of commodity imports

Jordan Prime Minister Khasawneh said the healthcare project serves as a launchpad for future investments mentioned in the Jordan Investment Fund Law.

Iraq PM's advisor identified two main factors that contributed to stall the approval of the state's final accounts 10 years ago

Adding to the upbeat mood were comments from US commerce chief Gina Raimondo that she was considering lifting tariffs on some goods from China to help in the battle against inflation.

Amman Chamber of Commerce (ACC) said that the total value of exports during the January-May period 2022 amounted to JD339 million, compared to JD248 million for the first five months last year. According to the ACC's statistical data announced on Sunday, the number of ACC certificates of origin issued during...

The Qatari Businessmen Association discussed investment cooperation with Mohamed Abdel-Wahab, CEO of Egypt’s General Authority for Investment and Free Zones. On a visit to Doha, Abdel-Wahab agreed on coordinating field visits to the Qatari business community to Egypt to discuss investment opportunities. Abdel-Wahab reviewed the investment opportunities for Qatari investors,...

Qatar Central Bank is working on designing a new strategy for financial technology and intends to launch it during the last quarter of 2022

Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report that gave the Federal Reserve room to continue hiking interest rates.

Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in the Kingdom’s territorial waters

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that all housing grant applications will be processed in the next five years.

The Labor Ministry has made a lot of efforts to ensure that Qatari nationals get employment in private sector companies and institutions in the country

Saudi Arabia aims to triple foreign tourism this year as pandemic restrictions ease, hajj pilgrims return and the first elements of the crown prince's signature projects open, its tourism minister told AFP Sunday. The kingdom inaugurated tourist visas in September 2019, just months before the coronavirus pandemic decimated the industry...

Jordan’s wholesale price index in Q1 2022 increased by 5.66 percent, reaching 102.64 points against 97.14 during the same period of 2021. According to the Department of Statistics' (DoS) quarterly report issued Sunday, the rise was mainly driven by the increase in the group price of fuel, minerals, and construction...

The Ministry of Energy and Mineral Resources on Sunday inked an MoU with a local company to explore for copper in the Dana region of Jordan's south. Another MoU with a Turkish company was signed to explore for gold in the Abu Khashiba region, also south, media reports said. The...

Kuwait's Ambassador to Turkey and several Kuwaiti organizations have supported the concept of Core Istanbul

Makkah Route Initiative aims to complete procedures in pilgrims countries with ease including issuing visa electronically, taking biometrics, completion of passport procedures, health requirements

At the gates of the Black Sea, trade is in full swing as freighters and oil tankers sail from the heart of Istanbul to Russian and Ukrainian ports.