Tourism can be a key driver of the growth and economic diversification for the Middle East and North Africa (Mena) region with the region received a total of 72.2 million international tourist arrivals in 2016.
The Middle East rec
Gross premiums in the four largest GCC insurance markets will continue to increase in 2017 despite the the current economic slowdown in the region, which is the result of relatively low oil and gas prices, a report said.
The International Air Transport Association (Iata) has urged governments to support the vital role aviation plays in connecting people and commerce around the globe.
“Our world has grown much wealthier through trade and trav
The International Air Transport Association (Iata) highlighted four priorities areas in the Middle East and North Africa (Mena) which must be addressed for aviation to deliver maximum economic and social benefits.
These are suffic
Global economic growth will pick up next year from the very weak levels this year, as the outlook for the US and emerging economies improves slightly, according to a report by Moody's Investors Service.
However, growth will be
A total of 90 per cent of registered companies in the Middle East and North Africa (Mena) are small and medium-sized enterprises (SMEs), according to a study published by Bloovo Middle East.
The SMEs continue to reinforce their po
The economies of the GCC face a number of significant challenges over the coming year, caused by a diverse range of factors. The prospect of a significant slowdown – and the measures countries can take to avoid this – will be analyse
Arab-Brazilian Chamber of Commerce (ABCC) recently organised the Brazil-Arab Countries Economic Forum in Sao Paulo, Brazil, which was aimed at building stronger economic ties between Brazil and the Arab World.
The one-day symposiu
Saudi Arabia is set to launch its first international bond sale on Wednesday to help ease an economic downturn caused by oil price slump, reports said.
The kingdom is targeting between $10 billion and $15 billion in the bond sale.
The number of Americans filing for unemployment aid fell from a 14-month high last week, the latest sign that the economy was regaining speed after stumbling in the first quarter.
Another report on Thursday showed factory activity