Growing Waste Crisis in the Middle East and North Africa Costs US$7.2 billion a year, Threatens Growth and Tourism Growing Waste Crisis in the Middle East and North Africa Costs US$7.2 billion a year, Threatens Growth and Tourism

Middle East ETP News


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Growing Waste Crisis in the Middle East and North Africa Costs US$7.2 billion a year, Threatens Growth and Tourism

January 27, 2026--New World Bank report calls for more investment in better waste management and circular economy
The Middle East and North Africa region generates more waste per person than the global average and causes an estimated US$7.2 billion in environmental damage each year, according to a new World Bank report: Waste Management in the Middle East and North Africa.

The region produces over 155 million tons of waste annually - a figure expected to double by 2050 if no action is taken. Rising waste generation is increasingly threatening public health, the environment, and the region's tourism industry.

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Source: worldbank.org


Mideast Stocks: Most Gulf equities retreat on fears of prolonged Middle East conflict

April 2, 2026-Dubai's main share ⁠index dropped 1.4%
Major Gulf stock markets fell in early trading on Thursday after President Donald ​Trump said ⁠the U.S. would continue its attacks on Iran, without ‌specifying when the war would end.

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Mideast Stocks: Dubai leads Gulf stocks higher on hopes of de-escalation of Iran war

April 1, 2026-Dubai's main share index advanced 2.1%
Major Gulf stock markets rose in early Wednesday trading on hopes of ​a de-escalation in ⁠the Iran conflict, with Dubai leading gains as ‌its 1 billion dirham ($272.3 million) support package took effect.

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UAE space programme at private sector 'tipping point'

March 31, 2026-Aim for 70% private funding within 10 years
Currently 49% private investment
Iran conflict speeding up timelines
The UAE wants the private sector to lead its space programme within this decade -and the Iran conflict is helping to accelerate the pivot, according to industry experts speaking at an event in Washington.

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Dubai's main share index declined 2%

March 17, 2026-Most Gulf stock markets fell in early trading on Monday, led by losses in Dubai as the Iran conflict weighed on investor sentiment and spurred risk aversion across the region.

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RMB adoption in the Middle East is reshaping regional economies and trade flows

March 11, 2026--A new study by Standard Chartered pegs the primary drivers behind RMB's growth in the region to energy settlements in the Middle East
The growing dominance of Renminbi (RMB) in the Middle East as a strategic currency is a direct result of a convergence in pricing dynamics, counterparty preference and long-dated capital needs, particularly in the fields of energy trade, according to Standard Chartered.

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Mideast Stocks: UAE leads Gulf bourses lower; oil leaps on Iran war

March 9, 2026--Dubai's ‌main share index ⁠dropped 3.8%
Most Gulf markets fell in early Monday trading, led by sharp ​losses in the UAE, ⁠as the U.S.-Israeli war with Iran continuedand oil prices jumped more than 15% on ‌supply cuts and fears of prolonged Strait of Hormuz shipping disruptions.

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Saudi Arabia's GDP grows 4.5% in 2025

March 9, 2026--Oil activities recorded growth of 5.7%
General Authority for Statistics said Saudi Arabia's real gross domestic product grew by 4.5% in 2025 compared with 2024, driven by growth across all major economic sectors.

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Mideast Stocks: Most Gulf bourses rise; UAE shares extend losses as Middle East conflict widens

March 5, 2026--Both the Dubai ⁠and Abu Dhabi exchanges said they will temporarily set a 5% lower price limit on securities
Most Gulf stock markets rose in early trading on Thursday, but UAE equities fell again, extending the prior session's losses ​after exchanges reopened on Wednesday following a two-day suspension prompted by Iran's weekend missile-and-drone barrage on the Emirates.

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UAE markets slide but Saudi stocks extend recovery

March 4, 2026--DFM and ADX reopen after 2 days
Both imposed -5% temporary limit
Tadawul All-Shares up 1.6% in morning
UAE equity markets tumbled on Wednesday as trading resumed for the first session since the US and Israel launched strikes against Iran, sparking a broader Middle East conflict.

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UAE non-oil business activity expands to 12-month high in February

March 4, 2026--PMI points to growth in sectors such as construction, real estate, logistics and technology
The UAE's non-oil private sector expanded at the fastest pace in a year in February as business activity strengthened, according to new survey data released on Wednesday.

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