inflation

Türkiye’s bold minimum wage hike spells trouble for inflation

A 49 percent surge in monthly minimum wage could exacerbate inflation and strain businesses

Oil prices stabilize as focus shifts towards interest rates

Brent crude futures fell 26 cents or 0.3 percent to $79.13 per barrel

Gold rises, U.S. dollar declines in light of expected interest rate cuts

Lower interest rates decrease the opportunity cost of holding non-yielding bullion

Gold continues upward trend, surpasses $2,030 mark

Yellow metal set to record highest annual gains in three years

IFF expects Egypt’s economy to grow by 3.3 percent in 2023-2024

The financing gap in Egypt will reach $7 billion in the current fiscal year

OECD expects global growth to halve by 2060

Higher taxes might be imposed to prevent debt from skyrocketing

Moody’s affirms Lebanon’s C rating, changes outlook to stable

Rating highlights a negative real GDP growth of 2.6 percent in 2022