Economy

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

Today’s emergency ECB meeting addresses current market conditions

The European Fear Scale has reached its highest level since 2020

Annual inflation in Saudi rises to 2.2% in May

Blame the increase in food, beverage, and transportation prices by 4.2%

UAE, Saudi retain regional CSR leadership: Report

90% said that adopting CSR will have positive effect on businesses

42% of customers in UAE refuse to compromise quality over price

This is likely to reflect a higher average income across the country

Kuwait records 235 tenders worth $5.9 bn in 2021

MEW claimed lion's share with contracts valued at $353.7 mn

Fed likely to increase interest rates by 75 basis points tomorrow

If approved, increase will be the largest since 1994

US inflation beats expectations, hits a new 40-year high in May

Yellen says the US is experiencing "unacceptable levels of inflation"

FDI in Bahrain increased to $1.76 bn in 2021

FDI inflow to GCC economies soar to $44 bn in 2021