Economy

Oman’s public debt to decrease by end of July to 18.6 billion riyals

The Sultanate will repay a financing loan before its due date

IMF could not rule out possible global recession next year

"A longer-lasting tightening would complicate the global economic outlook"

The Fed: A more restrictive policy if inflation does not go down

Expect a new rate hike of 50 or 75 basis points in July

Qatar’s consumer price index rises 5.41% in June

It registered a slight MoM increase of 0.01 percent

UAE launches new incentives to attract 300 digital companies

“We want to be one of the top 10 countries globally to attract FDI"

Dubai’s Salik appoints first CEO ahead of listing on DFM

Appointment made at first Board meeting since Salik went public

Inflation will not moderate, it is a runaway train

"Inflation in Europe and the US could reach 8 percent"

Saudi non-oil private sector gallops despite inflation

S&P: Upturn underlined by a robust increase in new business levels

UAE non-oil private sector growth slows as inflation bites

Input costs in the non-oil sector rose sharply in June

Saudi, UAE allocate $9 bn to support citizens, tackle inflation

Allocations targeted several sectors including food and unemployment

Oil raises Oman GDP growth forecast in 2022

Emirates National Bank expects government to use oil revenues to reduce debt

War raises Egypt’s import bill to $9.5 bn a month

The pound hits its lowest level in over 5 years

Special gifts await exceptional students in the UAE

The objective is to inspire high school pupils to excel

Saudi appoints two women to senior roles in government

Royal orders included the appointment of two deputy governors of SAMA

Uganda, a poor country, claims having $12 trillion in gold deposits

Will Bitcoin become a store of value after this discovery?

A record number for inflation in the euro zone in June

The headline inflation rate came in at 8.6 percent

Microsoft appoints Naim Yazbeck as General Manager, UAE

Yazbeck to succeed Sayed Hashish who served in the role since 2016

Fitch: Only sovereign debt in the Middle East is improving

Emerging markets face high external financing needs

Oil prices keep non-oil economic growth in the GCC strong

IIF: impact of tightening US monetary conditions on Gulf banks limited

When is Eid al-Adha in these countries?

Islamic nations follow Saudi in observing Dhul-Hijjah's crescent

UEFA acknowledges Qatar’s progress on labor standards

The meeting highlighted the need to implement additional legal support

The ECB activates its first line of defense tomorrow to prevent debt crisis

Soon to announce a new tool to combat jumps in bond yields