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King Mohammed VI has laid out his vision to attract more foreign investment in an unstable environment marked by the continuing impacts of the COVID19 crisis and the effects of major international developments on the national and the global economy. Read more
International Media Investments on Monday announced a new partnership with CNN to launch a dedicated digital business platform from the Middle East and North Africa region for Arabic speakers around the world, Arab News reports. The channel will be launched Read more
The UAE’s Ministry of Economy has signed a Memorandum of Understanding (MoU) with the Costa Rican Tourism Institute aimed at promoting cooperation in the tourism sector and reinforcing their bilateral ties. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State Read more
Qatar has accused the UAE of plotting to devalue its currency in the outset of the GCC-Qatar rift, a government source said. An investigation was opened to probe the allegations of UAE plots against Qatar’s currency since Doha alerted to Read more
Prime Minister Youssef Chahed has assured dismayed Tunisians that the economy is on its path to revival with growth registered in the tourism, a good agricultural season expected while the production of phosphate has also increased. His statement on state Read more
The Bahraini government approved the reduction of subsidies and the increment of energy prices in the country by at least 50%. The government made the decision while reviewing the expenditure policies due to the low global oil prices. Reducing energy Read more
Algerian minister of energy Thursday picked on the managing staff of the national oil company who are, he said, slow to react to current plunging oil prices and to implement projects likely to revive the country’s economy. Speaking at a Read more
Standard and Poor’s (S&P) rating agency decided to downgrade Saudi Arabia’s long term foreign and local currency sovereign credit ratings from AA- to A+ on Friday citing the effects of the low oil prices but authorities in Riyadh are not Read more
Tunisia’s central bank, for the first time since the end of the Ben Ali regime, has cut interest rate by 0.50% because inflation has dropped. It hopes that the decision will contribute to reviving economy and attracting foreign investment. A Read more
Ahead of President Erdogan’s October visit to Brussels, interim economy minister Nihat Zeybekci told the Turkey-Italy Business Forum, held as part of the National Day of Turkey at Expo Milano 2015, that Ankara wants to be a fully integrated member Read more