Economy & Business

Sep 29, 2022

Saudi Arabia’s industrial sector can expect boost into 2023

The Saudi Ministry of Industry and Mineral Resources reports that the kingdom has been accelerating its economic diversification efforts.

Gulf | Sep 29, 2022

UAE, Tanzania sign double tax avoidance deal

The Emirates is also pursuing renewable energy projects in the southern African country.

Vice President of the United Arab Emirates and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum (C) attends the opening of the Global Business Forum on Africa, Dubai, United Arab Emirates, Nov. 1, 2017.

Saudi Arabia | Sep 29, 2022

Saudi employment numbers improve

Unemployment in Saudi Arabia is higher than in other Gulf states, but the labor market is showing signs of strength in other areas.

United Arab Emirates | Sep 29, 2022

UAE, Oman boost ties with deals on high-speed rail, combating financial crimes

The agreements are in line with the UAE’s foreign policy, which prioritizes regional partnerships.

The Sultanate of Oman (R) and Sheikh Mohamed bin Zayed Al Nahyan (L).

Saudi Arabia | Sep 28, 2022

Saudi Arabia partners with Senegal on railway, desalination plant

The UAE, Israel and Turkey have also upped their engagement with African states in recent years.

Turkey | Sep 28, 2022

Erdogan initiates economic gestures ahead of Turkey's critical elections

Turkey’s president has stepped up economic pledges to the electorate ahead of next year’s polls, which loom as the toughest test of his two-decade rule.

Egypt | Sep 28, 2022

Egyptian households turn to credit as inflation bites

In the past, locals used to buy only durables in installments. Today, breadwinners buy clothes, schoolbooks, stationery and groceries on credit.

An Egyptian woman shops at a fruit market in Cairo on March 17, 2022.

Lebanon | Sep 28, 2022

Lebanese depositors irate over closed banks

Banks in Lebanon have been shut down for nearly a week amid fears of a bank run.

Lebanese depositors queue to withdraw money from a Fransabank branch as banks partially reopened following a week of closure due to security concerns, Beirut, Lebanon, Sept. 26, 2022.

Israel | Sep 28, 2022

New EV deliveries from China expand even as Israeli car market shrinks

Fewer new cars are being delivered to Israel, but among them, Chinese electric vehicles are surging.

Jordan | Sep 27, 2022

Jordan’s port in Aqaba signs $242 million investment deal

The agreement with the Dutch firm APM Terminals could help increase trade through the Red Sea port.

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