Economy

Powell admits raising interest rates could cause a recession

He stressed the US Central Bank's commitment to "strongly" reducing inflation

Saudi-Jordan joint statement emphasizes continued cooperation

Both sides to boost partnership in food security, health, and education

Lebanon central bank forensic audit date revealed

Audit is key demand before releasing funds

Why is cCommerce important to MENA’s retail markets?

MENA's retail markets are valued at $1 trillion

Final statement of the IMF mission: The economic prospects for Saudi positive

The Fund expects the Kingdom's GDP to grow by 7.6% this year

The Crown Prince in Jordan.. Saudi the largest investor with $14 billion

The Saudi-Jordanian Fund is a leap in promoting joint investments

Lebanon CB Governor: FX reserves down by $2.3 billion in 6 months

The state spent $62.6 billion via decrees over 10 years

Employees in the MEA frustrated with poor workplace technology

47% reported tech issues at work increased their stress levels

What do shoppers in the Middle East want nowadays?

63% of Middle East consumers still preferring shopping in-person

Oman’s GDP rises by 16%, reaches OMR33 billion

Total public expenditure decreased by 5.9 percent to OMR 12.2 bn

Sheikh Tamim bin Hamad inaugurates the Qatar Economic Forum

Under the slogan "Achieving Equality in Global Economic Recovery"

Türkeye’s vortex of financial crises, with daunting chances of a rescue  

The Turkish lira has lost 65 percent of its value since last September

Bahrain’s GDP grows 5.5% in Q1 2022

Non-oil economy recorded a growth of 7.8% in the same period

Extinguishing inflation plunges US economy into a recession

Yellen doesn’t  see a recession as inevitable

UAE: Half of companies considering pay raises for employees

68% of companies are currently reviewing annual salary budget

Will the FED decisions drop the US economy into a recession?

Confidence in engineering a "safe landing" has diminished

Bank of England raises interest rates to 1.25%

It raised its forecast for peak inflation this year to just above 11%.

The Bank of England may raise interest rates to 1.25% at today’s meeting

The last time interest rates were breached by 1% was in 2009

The Federal Reserve raises its inflation forecast to 5.2% in 2022

The unemployment rate is expected at 3.7 percent by end 2022

Egyptian Cabinet approves agreement with Saudi’s PIF

Egypt plans $10 million worth of investments

ECB plans to work on a new anti-fragmentation instrument

Upon shocking emergency meeting to address rising borrowing costs

Saudi reports $4 bn investment deals in Q1

101 deals to create 5,800 new jobs in the domestic economy