Results for
MENA
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Growth in MENA to decline due to falling oil prices, lack of reforms: World Bank VP
Growth rate is expected to decline to 1.9 percent in 2023 from 6 percent last year, according to the World Bank. Economy -
Islamic Development Bank to increase lending, a counter move amid tightening economy
According to a recent World Bank MENA economic report, growth in the Middle East and North Africa is expected to “sharply decrease” to 1.9 percent in 2023 from 6 percent in 2022. Economy -
Arab youth say social media addiction leading to decline in mental well-being
While the Middle East and North Africa (MENA) has among the highest levels of per capita adoption of social media networks globally, a majority of ... Features -
IMF chief cautions central banks to remain 'vigilant' as inflation remains high
There are some positive results with the inflation slowly showing signs of dropping but the IMF projects that prices will remain high in most countries all the way through next year. World News -
Digital twins the future of planning in rapidly evolving built landscape, says JLL
With the concept of digital twins gaining traction in the industry, we have entered the next stage of real estate innovation, according to a top ... Technology -
Emissions cuts can slash heat deaths in Middle East, Iran at highest risk: Study
Meeting world targets to limit climate change would avert hundreds of thousands of heat-related deaths in the Middle East and North Africa, scientists ... Middle East -
Valentine’s Day: Five Arabic love phrases that have hilarious translations
The Arabic language is known to be very complex, with no verified or exact number of words and several different dialects spoken across the Middle ... Variety -
Venture debt funding in MENA crosses $260 mln across 18 deals in 2022
SHUAA Capital, the region’s leading asset management and investment banking platform, and MAGNiTT, the largest verified data platform tracking venture ... Economy -
Live: Saudi Minister of Economy joins WEF Davos panel to discuss reforms in MENA
Saudi Arabia’s Minister of Economy Faisal Alibrahim joins a World Economic Forum panel in Davos to discuss reforms in the Middle East and North Africa ... Middle East -
UAE’s Astra Tech buys Botim, bolstering push to create super app
United Arab Emirates-based technology investment firm Astra Tech bought the Gulf region’s most popular voice-calling app, Botim, taking it a step ... Technology -
GCC economies’ robust growth to fuel global real estate investment in 2023: Report
As economies in the Gulf Cooperation Council (GCC) continue to grow throughout 2023, regional investors’ appetite for global real estate investment is ... Economy -
Coursera leads revolution, integrating industry credentials into college programs
The history of MOOCs (massive open online courses) began from North American universities where professors threw open some of their courses to ... Features -
Saudi construction sector remains the strongest across MENA region: JLL
Saudi Arabia’s construction industry continues to lead the MENA region despite macroeconomic conditions impacting the sector globally, according to ... Economy -
MENA’s digital economy is evolving faster than ever: Report
Data shows that 91 percent of consumers across MENA bought products online in the past year, with fashion and clothing making up 46 percent of all ... Economy -
World Alzheimer’s Day: Dementia growing at a ‘shocking’ rate in MENA
Cases of dementia are growing in the MENA region at a “shocking” rate, according to the Alzheimer’s Disease International (ADI) federation.In an ... Gulf -
Arab youth name the UAE as the top country to live in for the 11th year in a row
Arab youth have named the United Arab Emirates as the country in the world they would most like to live in for the eleventh straight year.This was one ... Gulf -
Blockchain-based digital music ecosystem AudioSwim releases Arabic-English remix
Non-fungible tokens (NFTs) are set for long-term recovery following the current ‘Crypto Winter,’ with Nansen’s NFT-500 index up 49.9 percent from last ... Entertainment -
WFP, Intl Red Cross join hands to boost response to climate shocks in MENA
The world’s largest humanitarian organization, the United Nations World Food Programme (WFP), and the International Federation of Red Cross and Red ... Middle East -
Investment in MENA e-commerce start-up Homzmart rises to $40 mln after latest round
Furniture and home goods e-commerce platform Homzmart has closed one of the past year’s biggest funding rounds for a Middle Eastern and North Africa ... Economy -
MENA region supporting financial inclusion for persons with disabilities through tech
The Middle East and North Africa region has been supporting major digital inclusion efforts to make financial inclusion for persons with disabilities ... Middle East -
Ukraine war’s impact accelerated demand for green hydrogen in MENA: H2 Industries
The repercussions on the global economy brought on by the war in Ukraine have accelerated the demand for green hydrogen in the Middle East and North ... Energy -
Ukraine war to affect MENA’s poor nations, boost oil-producing states: IMF
The war in Ukraine has “significantly” impacted the Middle East and North Africa, with the crisis dealing a heavy blow to low-income countries while ... Economy -
Saudi Arabia’s wealth fund PIF bolsters MENA investments division
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, on Sunday said it has appointed Eyas al-Dossari and Omar al-Madhi as senior ... Economy -
UAE’s food group Agthia eyes further acquisitions to drive growth across Middle East
Emirati food and drinks group Agthia announced on Monday plans to become an industry leader in the Middle East and North Africa by 2025through tighter ... Economy -
World Bank sees MENA debt rising at fastest pace in 21st century
Public debt levels in the Middle East and North Africa are expected to rise to 54 percent of economic output by the end of this year from 46 percent ... Economy -
Coronavirus: IMF urges MENA countries to face challenges by accelerating reforms
The IMF on Monday urged Middle East and North African countries to accelerate reforms and diversification efforts as the energy-rich region faces ... Coronavirus
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