Iraq's financial reserves are expected to reach $40 billion in case the current fiscal year ends without enacting a budget law, according to Mazhar Muhammad Salih, advisor to Iraq's Prime Minister Mustafa al-Kadhimi. Local media reports quoted Salih as saying that "it is not possible to pass any law by...

Saudi Arabia may see a rise in inflation as global food and energy prices surge amidst the ongoing Russia-Ukraine war, Alexander Perjessy of Moody’s Investors Service tells TRENDS.

Annual inflation in Saudi Arabia has spiked to 2.3 percent in April, up from 2 percent in March. According to the General Authority for Statistics, also known as GASTAT, the consumer price index, or CPI, in April 2022 has surged 2 percent when compared to the corresponding period a year...

The locals, residents, and visitors have once again started flocking to museums, historical and heritage sites, and public libraries, according to DCAA data. Trips to these locations totaled 521,753 during 2021, with heritage sites accounting for half of those visits, followed by libraries at 39 percent and museums at 11...

Medium- and low-income Jordanian families spend 45 per cent of their income on food, and are the most impacted group by high prices

Faced with surging inflation that is hitting poor families especially hard, which has sparked unrest in some countries, policymakers should take immediate steps to offset the pain with targeted and temporary relief, IMF chief economist Pierre-Olivier Gourinchas said Tuesday. "We've seen already in some countries people protesting when they see...

Tamimi Markets, Saudi supermarket chain, has teamed up with Japan's Mitsui & Co. and Italy's Zero SRL to develop the kingdom's first smart farms.

There will be little to eat for many Lebanese when they break their fasts this Ramadan – but support from the World Food Programme is delivering hope in the face of crushing price rises.

The war in Ukraine has "multiplied risks" for the Middle East and North Africa's poorer countries by raising food and energy prices, the World Bank said, warning of potential social unrest. In its latest update the development lender said inflationary pressures set off by Covid-19 "are likely to be exacerbated"...

Major international organizations issued an appeal on Wednesday for urgent measures to deal with rising food insecurity in poor countries.

Sri Lanka's snowballing economic crisis began to be felt after the coronavirus pandemic torpedoed vital revenue from tourism and remittances.

The cost of wheat flour in Palestine has already surged by nearly 25 percent because of the Ukraine crisis.

Across the MENA region, people are struggling to secure even the most basic staples in view of soaring food and fuel prices triggered by Russia's February invasion of Ukraine.

The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has said that the Abu Dhabi's markets are completely free of Kinder products suspected of being linked to food poisoning in a number of European countries due to salmonella infections. In a statement, ADAFSA explained that as soon as they receive...

Russia's invasion of Ukraine sent ‘shocks’ through markets for staple grains and vegetable oils, the UN's Food and Agriculture Organization has said.

The wheat is being procured from Europe, North and South America, and Australia, and will arrive in Saudi Arabia from September to November this year.

Bahrain’s Ministry of Industry, Commerce, and Tourism has announced that big shipments of tomatoes would arrive within the next few days, which would lead to a drop in prices.

ADQ, Abu Dhabi wealth fund, will buy a majority stake in Unifrutti Group, a fruit and vegetable producer, marketer, and distributor.

At the meeting, the two sides called for intensifying visits by trade delegations from both countries and increasing the number of conferences.

The authorities will issue the necessary permits for this purpose, in accordance with hygiene conditions and preventive measures.

This is expected to benefit over 7,100 people in the region, including 5,700 women and children.

The world must not forget the millions of people in need across the Middle East and North Africa, UN chief Antonio Guterres told the Security Council.

The Palestinian Authority is already engaged in ongoing national efforts to diversify international markets that supply Palestine with basic commodities.

The Nova Poshta courier company in Lviv handled millions of parcels before the war. Now, most of the 100,000 daily parcels are food, medicine and clothing.

The grants were approved at the 179th session of OFID’s Governing Board in Vienna.

Those countries "that have a common border with either Russia or Ukraine" would be particularly affected, while bearing the brunt of refugee flows from Ukraine, said the OECD report.

Saudi inflation shot up to 1.6 percent in February, fueled by higher gasoline and food prices, the General Authority for Statistics, also known as GASTAT, said in a press statement.

The number of people in war-torn Yemen starving in famine conditions is projected to increase five-fold this year to 161,000, UN agencies warned Monday, amid fears of a dire shortfall of life-saving aid.

Tunisia, Morocco, and Libya, along with several other Arab countries, import much of their wheat from Ukraine and Russia.

Protests erupted Wednesday in Iraq's impoverished south over a rise in food prices that officials attributed to the conflict in Ukraine. For about a week, the price of cooking oils and flour have skyrocketed in local markets as government officials have sought to address growing anger with various statements and...

Tunisian President Kais Saied declared war Wednesday on food speculators amid a shortage of products such as wheat and semolina -- key staples in a country already mired in a political-economic crisis.

The Food Price Index, which tracks the international prices of a items such as vegetable oils and dairy products went up nearly four percent up from January.

The United Nations’ World Food Programme warned Friday about a looming food crisis in Ukraine in conflict areas, while disruptions in production and exports could lead to food insecurity globally. “In a year when the world is already facing an unprecedented level of hunger, it’s just tragic to see hunger...

Over the past 10 years, the UAE has reportedly sent relief supplies to Malawi amounting to AED85.3 million ($23.23 million).

The UAE and Latvia have agreed on a six-track economic cooperation program covering trade and investment, innovation and advanced technology, transportation and logistics, agriculture, food, education and science during the 2nd Joint Economic Committee (JEC) session held in Dubai. These programs will be designed to achieve higher levels of prosperous...

The $32.13m contracts are aimed at development in Masaar.

It's time to review how inflation, which measures the overall increase in prices or the increase in the cost of living in a country, is affecting the region? TRENDS discusses the issue with some of the experts.

The Riyadh-based firm has appointed Solaiman Abdulaziz Altwaijri as its CEO

Saudi Exports Development Authority (SAUDI EXPORTS) today organized a commercial mission for over 30 Saudi senior manufacturers and exporters in the constructions and foodstuff sectors to Oman. The mission, which targets 70 Omani companies, follows the two countries’ signing of memorandum of understating worth $30 billion for cooperation in various...

The new initiatives are expected to support environmental and water sustainability in accordance with the Saudi Vision 2030.

Saudi Arabia has taken steps to maintain the stability of domestic supply in accordance with the food security strategy.

The aid was sent following the directives of the UAE's leadership to help improve the humanitarian situation in the Tigray region.

Music highlights included Filipina singing sensation Moira Dela Torre, who enthralled the audience at the Jubilee Stage last Monday.

A workshop held by the JCC and working meetings with a number of ministers and representatives of official entities, universities and private sector institutions explained about the opportunities.

Dubai has imported eight million tons of food during 2021 and re-exported 6.277 million shipments through all its ports, a Dubai Municipality press release said on Thursday.

The UAE’s food and beverage imports from Latin America reached $1.9 billion in 2020 as the Gulf country expanded its efforts to enhance food security, a new analysis from the Dubai Chamber of Commerce has revealed. The findings, released on the sidelines of Gulfood 2022, will be discussed in further...

In spite of an increase in transport and food costs, inflation in Saudi hovered at 1.2 percent in January, according to the Kingdom’s General Authority of Statistics, also known as GASTAT.

Trade between Brazil and Arab countries grew by 44 percent during 2021, with food exports alone reaching an estimating $14 billion, its highest since 2012, said Tamer Mansour, CEO of the Arab Brazilian Chamber of Commerce. This comes as Arab countries, especially in the Gulf region, are combating the pandemic...

The rise was said to have been supported by growing demand and expanded efforts to enhance food security and diversify food imports.

Bangladesh wants to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two thirds and pave the way for exponential growth in bilateral trade, Bangladesh AK Abdul Momen foreign minister has said. Momen is on a four-day official visit to the UAE. He...