Economy

Oil and gas drive up producer prices in Oman

Producer prices increased by 40.7 percent in Q2

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

Can UK’s Truss tax treatment cure Britain’s sickly economy?

Proposed solutions will not avoid a recession soon to show signs of stagnation

China trims lending rates again

One week after surprise cuts in key rates

Egypt to gradually devalue currency to avoid more inflation: Moody’s

Country's exposure to GCC countries exceeded $25.9 bn

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

Egypt’s Central Bank keeps interest rates unchanged

Sisi names Hassan Abdullah as caretaker governor of the CBE

Türkiye shocks markets with rate cut despite rising inflation

Lira fell to 18.15 to the dollar, its lowest level since Dec. 20

World’s largest sovereign wealth fund loses $174 bn in H1

Led by a 28 percent drop in the value of technology stock holdings

Egypt’s Central  Bank Governor resigns, and Sisi accepts

The day before the bank meets to make a decision on interest

UK inflation rises to its highest level since 1982

BOE: High energy prices in Europe are the main driver behind inflation

IMF: Saudi Arabia to grow at fastest pace in a decade

Inflation will remain at 2.8 percent level in 2022

People’s Bank of China going against global trend, cuts interest rates

Based on economic data that showed lackluster momentum

Saudi’s PIF buys stakes in US giant companies

Fund invested a further $474mln in Meta

Will the CBE increase or fix interest rates Thursday?

"Fitch" expects 300 basis points rise in upcoming meetings

Türkiye’s public budget deficit doubles to 64 bn liras in July

In June, the general budget deficit amounted to 31 bn liras

Omani economy exceeds expectations, Fitch rating improves

Important surplus in budget first since 2013

Inflation in Saudi rises in July to highest level in 13 months

F&B prices, transportation costs were the primary causes of rising inflation

Recession looms in UK following economic contraction

Driven by drop in household spend, winding-down of Covid-related services

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