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MENA
Economy
Saudi Arabia, UAE officially join BRICS as bloc expands in MENA
Iran, Egypt and Ethiopia are also now part of the trade bloc
Economy
Türkiye’s bold minimum wage hike spells trouble for inflation
A 49 percent surge in monthly minimum wage could exacerbate inflation and strain businesses
Logistics
IIF: GCC countries are straying away from U.S. dollar
Settlement of oil sales in currencies of Russia-friendly countries on the rise
Economy
Mastercard 2024 outlook: Empowered consumers to balance price and priority
MENA consumers and businesses will face crucial decisions about spending and investing
Hospitality & Tourism
10 must-see UNESCO World Heritage Sites in the Middle East
From ancient multicultural hubs to rock-carved wonders
Economy
Iraq’s economic growth to decline in 2023, 2024 due to oil production cuts: IMF
IMF warned of "fiscal and external sustainability risks" from "large" budget law expansion
Economy
IIF: GCC gross foreign assets set to reach $4.4 trn by 2024
GCC's foreign asset projections and shifting investment strategies
MENA
UAE backs Egypt’s digital strategy: Cooperation to establish 1,000 MW data centers
Egypt's data center market value to reach $1,138.67 mn by 2030
MENA
Huawei: Leading the next phase of 5G advances in the GCC
Paving the way for innovation and success for customers and partners
Economy
IMF urges GCC countries to further enhance non-oil sector growth
Saudi Arabia, UAE lead in non-oil sector development
MENA
Biggest renewable energy projects in the Middle East
UAE and Saudi Arabia lead the region with landmark initiatives
Economy
Moody’s affirms Lebanon’s C rating, changes outlook to stable
Rating highlights a negative real GDP growth of 2.6 percent in 2022
Economy
Fitch expects strong growth for MENA oil-exporting countries in 2024
Continued positive financial performance for GCC countries in the coming year
MENA
Azerbaijan is set to host COP29 in 2024
President of COP28 expressed his hopes of working closely with Azerbaijan
Economy
Turkish Central Bank’s foreign reserves record $1 billion decrease
Increased reserves and interest rates signal a new phase for Turkey
Hospitality & Tourism
Saudi Arabia approves GCC unified tourist visa
The scheme allows its holder to visit 6 countries with one visa
MENA
Tower asset merger: Zain, Ooredoo, and TASC to create new $2.2 bn entity
Merger to combine 30,000 tower assets across multiple countries
MENA
ACG commits $10 billion for clean energy transition by 2030
Strategic plan unveiled at COP28 aims to drive renewable energy transition in developing nations
MENA
Dubai leads MENA in urban mobility readiness index
Oliver Wyman ranks 65 cities on future mobility trends
Interviews
ADFW 2023: Interview with Aaron Weaver, senior partner and director, and Salvatore Lavallo, director, Apeiron MENA
A look at the transformative investments of the $2.5 billion-asset company
Logistics
Türkiye’s exports soar to $254.8 bn in 12-month span
Country's annual exports amounted to a mere $36.1 bn in 2002
Economy
Türkiye’s Central Bank ramps up interest rates by another 500 points
Marking the sixth substantial interest rate hike in a row
MENA
UAE’s ADNOC to transform atmospheric carbon into solid rock
Move aims to permanently trap climate-changing pollutants
MENA
17 startups compete at Tech the Justice Gap forum for innovative legal solutions
Forum will be held on November 29 under the auspices of the Tunisian government
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