The Consumer Price Index (CPI) in Saudi Arabia recorded a slight decrease of 0.1 per cent compared to February 2024
Gold logged its best month since July 2020, at a 9 per cent increase, and a second straight quarterly rise
Inflation has now been running below the Fed’s target on a seven-month basis while US economic growth and the job market have remained largely intact
The statistics authority said rental prices increased by 9 per cent in December 2023
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An over-valued currency, weak property rights and institutions, and an overbearing state and military have deterred investment and competition
From the upcoming climate conference in UAE, to inflation numbers in the US, and China’s GDP targets, a look at what the markets are tracking
Inflation hit a 24-year peak of 85 per cent last year and surged again in recent months as the lira weakened for a third year in a row
GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf states’ currencies are pegged to the dollar
Türkish companies’ end-2023 balance sheets will be inflation-adjusted, with the practice expected to continue until 2026
The main driver of CPI inflation in September was higher prices of housing, water, electricity, gas and other fuels, and restaurant and hotel prices
It was the fourth consecutive month of record highs recorded on the central bank website
The key takeaway from Powell’s speech is monetary policy will stay “restrictive” until inflation is moving firmly toward 2 per cent
The agreement is aimed at bettering the payment-systems infrastructure, financial inclusion and regulatory framework in Egypt
The move by the Fed to leave its benchmark rate unchanged suggests that higher borrowing costs have made some progress in slowing inflation
A recent report on world’s most expensive cities for international employees shows the emirate go up the ranks as the cost of living has gone up
Wall Street sees more weakness ahead for the lira, with Morgan Stanley warning that it may reach 26 per dollar sooner than earlier expected and slide toward to 28 by the end of the year
On a monthly basis, prices grew 2.7 per cent, compared with 6.5 per cent in February
Developments within the art market over the last decade have been followed almost as closely as those within the stock market
Inflation and interest rate forecasts will remain crucial in 2023
Prices for housing, water, electricity, gas and other fuels in the kingdom rose an annual 5.8 per cent, while food and beverages were up 4.2 per cent
The fund expects the country’s non-hydrocarbon growth to be around 4 per cent in 2023
According to the survey, the other challenges that freight forwarders are currently experiencing include rising and unpredictable freight rates
Brent rose to a two-month high of $99.56 a barrel on Monday, before paring gains
Increasing food costs have pushed inflation higher and remain a pain point for both food and beverage companies and consumers
The kingdom has its lowest unemployment rate in two decades and has managed to keep inflation at 3 per cent
Spot gold was little changed at $1,674.62 an ounce as of 7.48am in Singapore
It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020
Oil prices have slumped by a fifth since early August on fears over the global economy
Around 205 companies from 33 countries are participating in the conference, which is themed ‘Weathering Inflation – Finding Focus in Frontier Emerging Markets (FEM)’