Economy - TRENDS MENA

The Bank of England on Thursday raised its main interest rate by a quarter point to one percent to tackle...
BoE policymakers voted 6-3 at a regular meeting for a hike to one percent -- the highest level since the global financial crisis in 2009
The latest increase came as Britons on Thursday headed to the polls in local elections, seen as a mid-term test for embattled Prime Minister Boris Johnson
In order to curb the soaring inflation in the kingdom, the Saudi Central Bank (SAMA) has raised its main interest...
SAMA raised its repo rate and reverse repo rate to 1.75 percent and 1.25 percent respectively
The Saudi decision came in the wake of the US Federal Reserve decision to hike the interest rate
Turkey's official inflation rate spiraled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to...
The consumer price index rose by 69.97 percent year-on-year in April compared with 61.14 percent in March, the national statistics agency said
Erdogan insists that sharp cuts in interest rates are needed to bring down soaring consumer prices, flying in the face of economic orthodoxy
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility...
This decision was taken following the US Federal Reserve Board’s announcement on Wednesday to increase the Interest on Reserve Balances (IORB) by 50 basis points.
The bank also decided to maintain the rate applicable to borrowing short-term liquidity from the CBUAE through all standing credit facilities at 50 basis points above the Base Rate
State Department spokesman voiced skepticism about the ceasefire, saying that Moscow has repeatedly resumed shelling after announcing pauses.
European Union vowed to "significantly increase" its support for Moldova which has been targeted by a Moscow-backed separatist region
Ukrainian Foreign Minister said that EU countries would be "complicit" in Russia's crimes in Ukraine if they block an oil embargo against Moscow
Turkey's official inflation rate spiralled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to...
Erdogan insists that sharp cuts in interest rates are needed to bring down soaring consumer prices, flying in the face of economic orthodoxy
The collapse of the lira has pushed up the cost of energy imports and foreign investors are now turning away from the once-promising emerging market
Industry specialists in the region believe that the sector is becoming more sustainable despite many conflicting goals and complex challenges....
With COP27 being held in Egypt in November 2022 and COP28 in the UAE in 2023, the MENA region is firmly putting climate change in the spotlight
A key focus in the run-up to the two conferences is on accelerating policy, technology, and deployment of finance to set regional economies on a path to decarbonization
With inflation at the highest rate in four decades, Federal Reserve Chair Jerome Powell sent a message directly to the...
After a quarter-point hike in March, the US central bank's policy-setting FOMC pushed the benchmark interest rate above 0.75%
The hike will raise the costs of all types of borrowing, from mortgages to credit cards to car loans, cooling demand and business activity
Salaries in Britain's financial sector have surged in recent months, widening inequality amid the nation's cost-of-living crisis, a study showed...
Average monthly pay in the industry jumped 31 percent in February from December 2019, propelled by high-earners.
The news comes as many Britons face a cost-of-living crisis, slammed by decades-high inflation and rising taxation.
India's central bank announced a surprise interest rate hike of 0.4 percentage points on Wednesday, as Asia's third-biggest economy reels...
Reserve Bank of India governor Shaktikanta Das said it would "increase the policy repo rate by 40 basis points to 4.40 percent with immediate effect."
The announcement came hours before the US Federal Reserve was expected to undertake its largest rate hike in two decades in response to the country's accelerating inflation.