Developing Countries Swapping Out of Dollar Debt
Developing countries are moving out of dollar debts and turning to currencies with rock bottom interest rates such as the…
Category: MENA
Lebanon’s Central Bank Shifts Responsibility for ‘al-Qard al-Hassan’ to the State
Lebanon’s central bank has placed responsibility for handling “al-Qard al-Hassan,” the financial arm of Hezbollah, squarely on the state. In…
Saudi Arabia Private Sector Drives Housing Projects Worth Over $106 Billion
Saudi Arabia’s Minister of Municipalities and Rural Affairs and Housing, Majid Al-Hogail, announced that the value of housing projects executed…
Morocco tests floating solar panels to save water
Sun-baked Morocco, grappling with its worst drought in decades, has launched a pilot project aimed at slowing water evaporation while…
How Gulf companies can succeed if boardrooms overcome fear of AI adoption
For many Gulf companies, artificial intelligence solutions are failing to catch on not because of some weakness in the technology,…
Morocco’s king calls for addressing regional inequalities
Morocco’s King Mohammed VI urged on Tuesday the government to elaborate a new generation of reforms to ensure equal development…
Egypt’s GDP Grows 4.5% in 2024-25
Egypt’s real gross domestic product grew by 4.5% in the 2024-25 financial year, up from 2.4% the previous year, Finance…
Türkiye Economy Grew 4.8% in Q2, Above Expectations
Türkiye’s economy grew by 4.8% in the second quarter, above expectations despite a prolonged monetary tightening effort, official data showed…
Oman Oil-Rich Efforts to Preserve Frankincense White Gold
The arid Dawkah valley is home to one of Oman’s most prized resources: not oil or gas but frankincense trees,…
Kuwait Hosts GCC Ministerial Talks on Ties with Global Partners
Kuwait is scheduled on Monday to host a regular meeting of Gulf Cooperation Council (GCC) foreign ministers to review the…