- Ex-Fed chief Ben Bernanke together with Douglas Diamond and Philip Dybvig were honoured for having "significantly improved our understanding of...
Bernanke, 68, the chair of the US Federal Reserve between 2006 and 2014, was highlighted for his analysis of "the worst economic crisis in modern history" -- the Great Depression.
Diamond and Dybvig were in turn honoured for showing how "banks offer an optimal solution" for channelling savings to investments by acting as an intermediary.
- A brief rally across trading floors last week gave way to gloom as investors grow increasingly worried that central bank...
All three main indexes tumbled Friday following news that a net 263,000 US jobs were created in September
With the spotlight on a consumer price index reading later in the week, policymakers continue to take a hawkish tone
- The BoE "announces additional measures to support market functioning", said a statement, adding that the central bank was ready to...
The BoE said it is launching a Temporary Expanded Collateral Repo Facility, enabling "banks to help to ease liquidity pressures facing" client funds beyond the end of this week
The central bank has so far made purchases of so-called gilts totalling around £5 billion ($5.5 billion), far less than its £65-billion limit
- According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white...
According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white pitta bread will remain at 400 fils
The decision also included continuing to provide $6 in cash support to non-mechanical bakeries, specifically those that use one tonne or less of flour daily
- On Monday, Turkey said it had signed a memorandum of understanding on exploration for hydrocarbons in Libya's seas with the...
Greece, Egypt and Cyprus believe the 2019 agreement violates their economic rights in an area suspected to contain vast natural gas reserves
The deal follows an agreement Turkey signed three years ago with Tripoli that demarcated the countries' shared maritime borders
- Qatar ranks first in the Arab world and the Gulf region with an annual per capita share of around $183,000,...
Bahrain ranked fourth in the Gulf and the Arab world, with an average per capita wealth of $98,000.
Oman was ranked sixth in the Arab world and the Gulf, with an annual GDP per capita of about $39,433.
- Riyadh, Saudi Arabia - Remittances from expatriates in Saudi Arabia saw a 13 percent year-on-year (YoY) decline to SAR 11.92...
On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia rose 3 percent, or SAR 323 million ($85.47m).
Remittances by Saudi nationals to other countries grew 10 percent YoY to SAR 6.33 billion ($1.68bn) in August.
- French Prime Minister Elisabeth Borne starts a visit to Algeria with a top-level delegation, pushing for better ties with the...
Ties between the North African country and France had seen months of tensions after Macron last year questioned Algeria's existence as a nation before the French occupation.
The French PM is expected to sign deals on economic cooperation, including energy.
- Those with bottomless budgets in the resource-rich region have attractive accommodation options too, with one third-party site offering $4,000-a-night hotel rooms...
Stadium crowds will include Qatar's migrant laborers, who were offered some tickets at $11 to watch a sport whose players and core supporters are traditionally blue-collar
United States, Britain, France, Mexico, China and India were among the countries where fans were showing most interest in packages for the UAE





















