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Economy
Economy
Turkiye’s economic woes compounded by recent benchmark policy rate decrease
Double-digit unemployment could be aggravated
Economy
Oil and gas drive up producer prices in Oman
Producer prices increased by 40.7 percent in Q2
Economy
Awaiting Powell’s speech at “Jackson Hole” … No end in sight to extreme measures
Poll: The Fed will raise interest rates by 50 basis points in September
Economy
Can UK’s Truss tax treatment cure Britain’s sickly economy?
Proposed solutions will not avoid a recession soon to show signs of stagnation
Economy
China trims lending rates again
One week after surprise cuts in key rates
Economy
Egypt to gradually devalue currency to avoid more inflation: Moody’s
Country's exposure to GCC countries exceeded $25.9 bn
Economy
Al Hamidy: AMF provided $2.25 bn to support Arab countries since Covid start
Digital financial services market to exceed $10 trn in 5 years
Economy
Oil and gas revenues reflect a large surplus in Qatari budget
Oil and gas revenues jumped by 67% in H1
Economy
Egypt’s Central Bank keeps interest rates unchanged
Sisi names Hassan Abdullah as caretaker governor of the CBE
Economy
Türkiye shocks markets with rate cut despite rising inflation
Lira fell to 18.15 to the dollar, its lowest level since Dec. 20
Economy
World’s largest sovereign wealth fund loses $174 bn in H1
Led by a 28 percent drop in the value of technology stock holdings
Economy
FED meeting minutes: No backing down from raising interest rates until inflation decreases
'Little evidence' that US inflation pressures are easing
Economy
Egypt’s Central Bank Governor resigns, and Sisi accepts
The day before the bank meets to make a decision on interest
Economy
UK inflation rises to its highest level since 1982
BOE: High energy prices in Europe are the main driver behind inflation
Economy
IMF: Saudi Arabia to grow at fastest pace in a decade
Inflation will remain at 2.8 percent level in 2022
Economy
People’s Bank of China going against global trend, cuts interest rates
Based on economic data that showed lackluster momentum
Economy
Saudi’s PIF buys stakes in US giant companies
Fund invested a further $474mln in Meta
Economy
Will the CBE increase or fix interest rates Thursday?
"Fitch" expects 300 basis points rise in upcoming meetings
Economy
Türkiye’s public budget deficit doubles to 64 bn liras in July
In June, the general budget deficit amounted to 31 bn liras
Bahrain
Bahrain posts surplus of over $88 mn in H1
First surplus in years
Economy
Omani economy exceeds expectations, Fitch rating improves
Important surplus in budget first since 2013
Economy
Inflation in Saudi rises in July to highest level in 13 months
F&B prices, transportation costs were the primary causes of rising inflation
Economy
Recession looms in UK following economic contraction
Driven by drop in household spend, winding-down of Covid-related services
Economy
Al Hamidy: AMF expects 7.6% inflation in Arab countries in 2022
Not possible for oil sector to be in isolation from overall energy sources
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