-
UAE’s e-commerce sector projected to earn $9bn revenue in 2024
Dubai, UAE - The UAE's online shopping market is gearing up for unprecedented growth, with revenue projections hitting $9 billion by the end of 2024 and an impressive $17 billion forecasted for 2025. The trajectory is emblematic of the broader Middle East and North Africa (MENA) region's e-commerce landscape, poised...
-
Rising food prices shake North Africa as Ukraine war rages
Tunisia, Morocco, and Libya, along with several other Arab countries, import much of their wheat from Ukraine and Russia. -
North Africa-Europe migrant deaths at sea up 155%: UN
The surge in deaths came alongside evidence of both increased arrivals in at least one key destination and rising interceptions. -
GCC startups begin 2022 on a promising note
Digital economy has driven the startup investment upsurge in the MENA region in 2021. -
Air pollution costs MENA $141bn per year: World Bank
Air pollution costs the Middle East and North Africa $141 billion per year, or around 2% of GDP on average, the World Bank said Monday, urging a green post-Covid-19 recovery for the region. -
Growth picks up as MENA drives into EV market
Rising prices of metals, elements, and compounds used in EVs could be a headache, but the MENA region and the world are already working to offset it. A few right policy moves will help economies like the UAE and Saudi Arabia to diversify their economy, especially away from oil and... -
Transformation will propel MENA economy: IMF
Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies. -
Disney takes on OTT platforms with MENA expansion
Netflix currently rules the roost in the Middle East. Therefore, the Disney+ expansion should be a clarion call for regional OTT platforms. -
ADNOC is UAE’s most valuable brand for 4th year
ADNOC maintained in 2022 its position as the UAE's most valuable brand for the fourth consecutive year, according to a new report from Brand Finance, the world's leading independent brand valuation consultancy. Brand Finance also ranked Dr. Sultan bin Ahmed Al Jaber, Managing Director and Group CEO of ADNOC, number... -
GCC must heed IMF take on emerging economies
The IMF's warning that developing nations are about to face what it called “economic turbulence” is bad news for the GCC as it may hamper the revival of regional economies. -
GMG to foray into North Africa
Plans to open more than 100 stores in Egypt within next five years. -
UNWTO optimism to cheer up MENA tourism
While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia are using it to diversify their economy. -
Residents in frustration and unease over Libya poll delay
The poll was meant to take place just over a year after a landmark east-west ceasefire. The delay will be a disappointment to some 2.5 million Libyans who had collected their voter cards, out of a population of 7 million. -
Morocco sees room for ‘return to normal’ in German ties
Berlin's foreign ministry called Morocco an "important link between North and South, politically, culturally and economically".It also said Morocco "plays an important role in the stability and sustainable development of the region" and that a proposal by Rabat of autonomy for Western Sahara was an "important contribution" to a settlement. -
Tunisia’s speaker Ghannouchi rejects extension of parliament freeze
President Kais Saied recently announced the extension of a suspension until Tunisians vote for a replacement assembly in December 2022. Saied said a nationwide public consultation would take place from January 1. -
Morocco says it rescued 147 African, Asian migrants
In May, around 8,000 North African migrants swam to Spanish from Morocco which resulted diplomatic crisis between these two countries. -
Organic farmers find fertile ground in North Africa
In Tunisia, the land dedicated to organic farming has multiplied 20-fold since 2001. In Morocco, the area of farmland certified for organic production has more than doubled in two decades. -
Social unrest may spoil Mideast recovery: IMF
The fund also warned that the longer-term risk of the uneven recovery could permanently widen wealth, income, and social gaps. -
North African sun offers green hope but state role key
Blessed with year-round sunshine, North Africa has enormous potential for solar energy, but the huge investment and state subsidies required for large-scale projects are a challenge for cash-strapped governments. The IEA said North Africa increased its renewable energy production by 40 percent. But addiction to fossil fuels hasn't waned. -
In North Africa, Moroccans most interested in second citizenship: UK firm
Caribbean nation of St Kitts and Nevis most popular destination for Moroccan nationals 3 million people of Moroccan descent believed to be living abroad Of all North Africans, Moroccans are most interested in a second citizenship, according to investment immigration firm CS Global Partners. Currently, Moroccan passport... -
Uber appoints new GM for MENA, Pakistan region
Pall will lead the next phase of growth for Uber’s ride-sharing business across the region