This report is designed to give you a snapshot about the MENA region tackling multiple issues:
37.54 USD 1,066 USD
According to People's Bank of China (PBOC), China and the United Arab Emirates have renewed their local currency swap agreement for further three years, with a swap line of 35 BN Yuan (5.42 BN USD).
A survey by Saudi's Information and Statistics Department has revealed that 49.3% of the kingdom's undergraduates were unemployed in H1 of 2015. On the other hand, the unemployment rate of those with Secondary School Certificates was 32%, while those holding non-university diplomas reached 9.1%.
Amid preparing Qatar's 2016 budget, Qatar's Finance minister announced the country's willingness to use a lower break-even oil price, less than the previous 65 USD per barrel- to base its budget on.
Oman's companies of the refineries and petroleum industry have increased the sultanate's output by 2.6% -amounting to 70 MM barrels- in October 2015 compared to the same period last year.
According to Egypt's central bank, Egypt's core inflation, which omits volatile food items, has increased from 6.26% in October to 7.44% in November.
Kuwait's commerce minister announced that the country might raise corporate tax rate to 10% for local firms and limit energy subsidies in a trial to lower the country's budget deficit caused by low oil prices.
The UAE's economy minister has announced that the country is expecting its gross domestic product to grow between 3% and 3.5% in 2015 and 2016.
The prisoner-swap deal between Egypt and Israel that sent Israeli Ouda Tarabin back to Tel Aviv has sparked a wave of debate amongst Egyptians. On the other hand, Egyptian authorities announced that in return for Tarabin, the Israeli government has released two Egyptian prisoners who were held in Israel.
At least two women were elected for a public office in the conservative Islamic kingdom after winning seats on municipal councils in Mecca and al-Jawf in Saturday's election. It's worth mentioning that this is Saudi's first time to allow women to vote or run as candidates.
After The U.S presidential Candidate Donald Trump's proposal to ban Muslims from entering the USA, major department stores has stopped the sale of his lamps, mirrors and jewelry boxes' line 'Trump home'.