inflation

Oil prices dip ahead of Fed meeting as supply disruptions cool

Oil prices dip ahead of Fed meeting as supply disruptions cool

Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices

UAE gold prices decline, global rates dip as hope for early rate cuts diminishes

UAE gold prices decline, global rates dip as hope for early rate cuts diminishes

Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters

UAE gold prices rise as global rates increase ahead of key U.S. inflation data

UAE gold prices rise as global rates increase ahead of key U.S. inflation data

Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December

Oil prices surge amid U.S. economic data disappointment, supply risks due to geopolitical risk

Oil prices surge amid U.S. economic data disappointment, supply risks due to geopolitical risk

Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel

Egypt to cut interest rates by 2 percent in May; inflation to decrease to 20 percent by end of 2024: Report

Egypt to cut interest rates by 2 percent in May; inflation to decrease to 20 percent by end of 2024: Report

The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates

China leaves benchmark lending rates unchanged in line with market expectations

China leaves benchmark lending rates unchanged in line with market expectations

The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent

Sri Lanka’s inflation plummets to 2.5 percent in March driven by a 22 percent reduction in power tariffs

Sri Lanka’s inflation plummets to 2.5 percent in March driven by a 22 percent reduction in power tariffs

Food prices remained unchanged at 5 percent in March compared to February

ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty

ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty

Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity

Inflation in Oman up 0.2 percent in March on rising food prices

Inflation in Oman up 0.2 percent in March on rising food prices

Prices of food and non-alcoholic beverages group saw a significant rise of 3.4 percent

UAE gold prices decline as Middle East tensions ease, global rates drop

UAE gold prices decline as Middle East tensions ease, global rates drop

Bullion loses safe-haven appeal amidst reduced geopolitical risks

UAE gold prices rise as global rates inch closer to all-time high on escalating geopolitical tensions

UAE gold prices rise as global rates inch closer to all-time high on escalating geopolitical tensions

Market analysts referred to gold as a geopolitical trade rather than a monetary policy trade at the moment

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt further plans to sell more state assets, which would reduce the state's role in the economy

Saudi Arabia’s inflation slows to 1.6 percent in March: Report

Saudi Arabia’s inflation slows to 1.6 percent in March: Report

Rental prices drive Saudi Arabia's annual inflation increase in March

Qatar’s inflation drops 1.4 percent in March on lower food and beverage prices

Qatar’s inflation drops 1.4 percent in March on lower food and beverage prices

The CPI reached 106.67 points in March

UAE gold rate surges amid rising Middle East tensions as global prices ease after hitting new high

UAE gold rate surges amid rising Middle East tensions as global prices ease after hitting new high

Gold prices increased to an all-time high of $2,431.29 on Friday, gaining over 14 percent this year

Egypt’s budget surplus soars to $8.74 billion in first nine months of FY 2023/2024

Banking & Finance

Egypt’s budget surplus soars to $8.74 billion in first nine months of FY 2023/2024

This marks a substantial growth compared to $1.05 billion in the same period in FY 2022/2023

Fixed-rate mortgages, high interest rates put economy at risk, IMF warns Bank of England

Fixed-rate mortgages, high interest rates put economy at risk, IMF warns Bank of England

UK leaves borrowing costs unchanged at 5.25 percent despite fall in annual inflation

Egypt’s inflation rate decelerates to 33.3 percent in March

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

India’s central bank holds interest rates steady as inflation persists

India’s central bank holds interest rates steady as inflation persists

Central bank emphasizes inflation targets as economy aims for stability

Bank of Japan may hike interest rates as yen hits two-week high

Bank of Japan may hike interest rates as yen hits two-week high

Japanese firms raise wages by 5.24 percent, the highest increase in 33 years

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

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

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

Eurozone business activity shows signs of recovery, with services sector leading the way

Eurozone business activity shows signs of recovery, with services sector leading the way

The manufacturing sector struggles, faces deeper downturn 

Egypt’s foreign reserves jump to $40.36 billion in March

Banking & Finance

Egypt’s foreign reserves jump to $40.36 billion in March

The reserves surged by 14.4 percent

UAE gold prices hit new peak as global rate touches record high of $2,304.09

UAE gold prices hit new peak as global rate touches record high of $2,304.09

Gold prices have reached new record highs in each session since last Thursday