Economics

Oil prices surge amid escalating Middle East tensions, economic data in focus

Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel

Egypt’s inflation rate decelerates to 33.3 percent in March

Month-on-month, prices rose by 1.0 percent in March, down from 11.4 percent in February

Egypt to raise minimum wage for private-sector workers

The minimum wage increase reflects commitment to safeguarding workers' interests

Travel and tourism industry set to surpass $11.1 trillion in global economic contribution in 2024: Report

The sector will surpass its previous record by an additional $770 billion, the report says

Abu Dhabi’s private sector achieves 35 percent growth, surpassing $92 billion in 2023

Significant contribution of family-owned businesses to this growth

Oil prices surge above $90, reaching highest level since October

The rise in prices is fueled by geopolitical tension and supply concerns

Eurozone inflation drops to four-month low of 2.4 percent in March 2024

The market anticipates four ECB rate cuts, first in June

Türkiye’s inflation climbs to 68.5% as rate hikes fail to stem price rise

Education again saw the highest cost inflation at 104 percent year-on-year

Manufacturing sector in China sees growth in March, ending 6-month contraction

PMI data shows growth in export orders, slow employment decline