business

New inflation strategy from Türkiye central bank aims for 24 percent by end of 2025

Inflation in 2025 is projected to range between 25 percent and 29 percent according to forecasts

Fed expected to implement three 25-basis-point rate cuts in 2026

The U.S. Consumer Price Index for July reported a modest annual inflation rate increase of 2.7 percent

Saudi Arabia, UAE propel GCC assets under management to $2.2 trillion

Abu Dhabi and Kuwait lead in managing sovereign wealth funds, influencing the regional financial landscape

Saudi Arabia imports 2.4 million video game consoles in 2 years, 684,489 units so far in 2025

The Kingdom saw over 1.7 million video game consoles imported in 2024 alone

Saudi Arabia holds inflation steady at 2.1 percent in July 2025, wholesale price index drops 0.1 percent

The Consumer Price Index showed stability in July, with most prices unchanged since June 2025

DP World’s revenue grows 20.4 percent YoY to $11.24 billion, adjusted EBITDA rises 21.4 percent to over $3 billion

The group handled 27.4 million TEU, marking a 7.5 percent increase year-on-year across terminals 

Egypt and China to build $1 billion tire manufacturing facility in Suez Canal Economic Zone

The facility will take three years to complete, targeting 10 million tires annually 

U.S. national debt surpasses $37 trillion, exceeding GDP and reaching historic ratios

COVID-19 accelerated the national debt surge, surpassing earlier projections by years and alarming experts

OPEC forecasts global oil demand growth of 1.38 million bpd for upcoming year amid U.S. output decline

Supply growth from non-OPEC+ producers is projected to decrease, affecting overall market balance.