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Economy Middle East Summit
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inflation
Economy
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
Economy
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
Markets
UAE gold prices decline as Middle East tensions ease, global rates drop
Bullion loses safe-haven appeal amidst reduced geopolitical risks
Markets
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
Economy
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
Economy
Saudi Arabia’s inflation slows to 1.6 percent in March: Report
Rental prices drive Saudi Arabia's annual inflation increase in March
Economy
Qatar’s inflation drops 1.4 percent in March on lower food and beverage prices
The CPI reached 106.67 points in March
Markets
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
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
Economy
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
Economy
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
Economy
India’s central bank holds interest rates steady as inflation persists
Central bank emphasizes inflation targets as economy aims for stability
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