The two countries are said to have discussed ways to ‘overcome’ the effects of US sanctions against both nations.

Lebanese deputy prime minister Saadeh Al-Shami has said that during his meetings last week with World Bank and IMF officials, he gathered that any help to pull the country out of its difficult economic situation is conditional on implementing agreed upon reforms. A statement by his media office, local media...

Asian and European markets fell in holiday-thinned trade Monday following another tech-led rout on Wall Street, with focus on the Federal Reserve's expected interest rate hike this week. All eyes are on the US central bank's policy meeting this week, which is expected to see it hike borrowing costs by...

From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially after two years of the Covid-19 pandemic.

Police and protesters clashed in Turkey and France during May Day rallies on Sunday, as tens of thousands marched across the world in support of workers' rights. Turkish riot police detained scores of demonstrators in Istanbul, pinning some of them to the ground and dragging them away from the rally,...

The EU will propose a phased-out ban on Russian oil imports as part of a fresh round of sanctions against Russia for its invasion of Ukraine, sources said on Sunday. The European Commission, which draws up sanctions for the bloc, is currently preparing a text that could be put to...

The unprecedented income came as the Suez Canal in March increased transit fees for ships passing through the waterway.

A proposal by the UN agency for Palestinian refugees to delegate some services to other United Nations agencies has sparked outrage among Palestinians, who have warned of a plot to "dismantle" the body. The UNRWA is the only major UN body dedicated exclusively to one conflict and one people, and...

The growth was fueled by oil activities that increased by 20.4 percent. Non-oil activities saw a rise of 3.7 percent, with government services activities growing by 2.4 percent year-on-year.

The preliminary results come after the world's biggest oil exporter resisted US entreaties to raise output in an attempt to rein in prices that have spiked since the Ukraine war began.

The latest sign of support follows a visit to Saudi Arabia by new Prime Minister Shahbaz Sharif, who has inherited a crippling national debt, galloping inflation and a feeble rupee.

Morocco and the OPEC Fund for International Development (OFID) have signed the pact on the partial funding of the second phase of the Nigeria-Morocco Gas Pipeline (NMGP) project's Front End Engineering Study (FEED). "Through an exchange of correspondence with OFID Director-General Abdulhamid Al Khalifa and with Amina Benkhadra, Director-General of...

Cybercrime has risen to the forefront of physical security concerns. And big firms are acutely aware of the problem, says Ephrem Tesfai from Genetec tells TRENDS.

The Central Bank of the UAE (CBUAE) has announced that the new AED5 and AED10 banknotes have entered circulation in the UAE following distribution to all banks operating in the country.

Indonesia's decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine and global warming. The prices of palm, soybean, European rapeseed and even its Canadian GMO counterpart,...

The main Saudi index had a variable week, the Abu Dhabi exchange suffered a slight decline, while, the main index in Dubai closed unchanged.

The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity, came in at 47.4 in April.

Oil is the lifeblood of the North African country trying to move past a decade of conflict since the fall of dictator Moamer Kadhafi in 2011. But since mid-April Libya's two major export terminals and several oil fields have been held hostage to the country's latest political schism.

The French economy reported zero growth in the first quarter as households reduced their consumption due to rising inflation and the war in Ukraine, the national statistics agency said Friday. The French annual inflation rate also accelerated to 4.8 percent in April, up from 4.5 percent the month before.

Huge swathes of tropical rainforest were burned or hacked down for cattle and crops last year, led by destruction in Brazil, researchers said Thursday, warning that climate change itself is making it harder to reverse the losses. Some 11.1 million hectares (27.5 million acres) of tree cover was lost across...

Indonesia began imposing a complete ban on palm oil exports Thursday, as the world's largest producer of the commodity risked destabilising a global vegetable oil market already hitting peak prices. The archipelago nation is facing a domestic shortage of cooking oil as well as soaring prices.

With a capital of approximately AED370 million, the Fund aims to drive Dubai’s economic growth and fortify its position as a global hub for financial technology.

The Central Bank of the UAE said that total bank deposits increased by 0.3 percent, climbing from AED 1,982.4 billion at the end of January 2022 to AED 1,988.2 billion at the end of February 2022. The bank said the rise in total bank deposits was due to growth in...

Legal and business leaders tell TRENDS that the new legislation is in line with the industrial modernization roadmap that the country has undertaken.

The UAE and Turkey are in final talks regarding the launch of a comprehensive economic partnership agreement, according to the UAE’s minister of state for foreign trade, Thani bin Ahmed Al Zeyoudi. The new partnership is expected to double bilateral trade between both countries, strengthen cooperation efforts, create new jobs,...

The spending through the month of April has been widespread, including a broader increase in sales volume and a diversification of family-oriented retail options that enhance the prosperity of the local market.

The report also claimed that the value of early-stage deals for startups in the region doubled from 2020 to 2021.

Violence may rage elsewhere, but it's business before politics in the occupied West Bank town of Nilin where Palestinian merchants do a brisk trade with passing Israelis. Every day, hundreds of people from Israel and nearby West Bank settlements visit the town to take advantage of low prices on everything...

The CEPA was signed in New Delhi on February 18 in the presence of Crown Prince of Abu Dhabi Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi.

The move follows similar actions by European countries, which lifted the mask mandate partially or entirely.

The world's first minister for artificial intelligence says the United Arab Emirates isn't only looking for economic benefits as it seeks to become a leading nation in the sector. The UAE's minister of state for AI, Omar bin Sultan al-Olama, said "quality of life" considerations were key, and also stressed...

Jordan Free and Development Zones Group Director Arwa Hiyari said the beach project is aimed at diversifying tourism.

Under its zero-Covid policy, China has used strict lockdowns, mass testing and severe travel restrictions to stamp out infections. But authorities are increasingly struggling with the impact of these protocols on the economy and business morale, especially when outbreaks appear in the country's most important cities.

From pre-owned cars to electric vehicles, a number of trends are driving the growth of the automobile sector in countries like the UAE and Saudi Arabia.

Dubai has allotted some 18,013 e-trader licenses during the last five years, according to a government report.

UAE’s Minister of Industry and Advanced Technology Sultan bin Ahmed Al Jaber reviewed bilateral relations with Mostafa Madbouly, Prime Minister of Egypt.

Stock markets sank Monday on growing concerns that lockdowns in China aimed at fighting a worsening Covid outbreak could threaten the country's economy and global supply chains. The losses extended a sell-off last week fueled by comments from Federal Reserve indicating officials will hike interest rates by half a point...

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has approved a new housing package worth AED 6.3 billion ($1.71 billion) for UAE citizens in Dubai. This includes housing and land allotments for 4,610 Emiratis in the city, on the occasion of Eid al-Fitr and as part of the Housing Program...

Soaring fuel prices in Morocco have placed billionaire petrol magnate Aziz Akhannouch -- who is also prime minister -- at the heart of a reignited debate about the conflict between business and politics. For the first time since the war in Ukraine led to a global jump in crude prices,...

The exports were driven mainly by chemical products which jumped 80 percent year-on-year with a share contribution to total non-oil merchandise exports of 35.7 percent.

Here’s a look at which countries in the Gulf Cooperation Council (GCC) have how much debt, and how they compare to their GDP.

Emmanuel Macron, who had never held elected office before becoming president in 2017, has weathered several crises throughout his presidential tenure.

The National Cybersecurity Authority is organizing the annual event under the theme Rethinking the Global Cyber Order.

The question of whether Canadian corporate leaders should be bilingual received a lot of attention last fall, after the president of Air Canada, Michael Rousseau, said he did not have the time to learn French. He had to publicly apologize for those remarks a few days later.

Hours before the flight, the airline said on its Facebook page that "it has not yet received operating permits," and expressed "deep regret to the travelers for not being allowed to operate."

Against the backdrop of mounting concerns about the supply of crude oil, the stock markets in Saudi Arabia and the UAE remained subdued this week.

"Morocco, Land of Light" aims to position Morocco among the most coveted global tourist destinations and strengthen its attractiveness to the international public.

The election commission, created in 2012, has currently nine members with its president appointed by parliament.

The first five countries for Iranian exports were Ghana ($353 million), South Africa ($254 million), Nigeria ($125 million), Mozambique ($98 million), and Kenya ($77 million).

President Emmanuel Macron is the favorite to win re-election in the run-off ballot on Sunday, and there are indications he bolstered his advantage with a combative performance in the one-off election debate against a somewhat defensive far-right challenger Marine Le Pen.