The Middle East

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As countries face record-high food prices, inflationary pressures and other challenges associated with the economic recovery from the Covid-19 pandemic, the 164 members of the World Trade Organisation (WTO) came together in June to pen several trade agreements to help address some of the world’s most pressing issues.

In light of the Covid-19 pandemic, supply chain disruptions and broader environmental concerns, many countries are looking to improve the efficiency of agriculture while also reducing its carbon footprint.

As rising inflation and the global food crisis place financial pressure on many countries around the world, remittance flows to emerging markets are expected to continue to provide crucial support.

Russia’s invasion of Ukraine has caused disruptions across the global economy, from food to energy, but it has also prompted an increase in the number and sophistication of cyberattacks, exacerbating similar impacts from the Covid-19 pandemic.

Emerging markets are exploring opportunities to help meet the EU's energy demand following the bloc's announcement that it will ban seaborne imports of oil from Russia.

Following the US Federal Reserve’s decision to raise benchmark interest rates in recent months, analysts are closely tracking the impact this will have on emerging markets and their economies.

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