Muscat, Oman--Annual inflation of Oman has shot up 0.82 percent in August as against 2.4 percent in the same month of last year, according to the country’s National Center for Statistics and Information. But compared with the previous month, Oman’s inflation rate sunk to its lowest level in 28 months to...

Led by staples other than rice and sugar, the Food and Agriculture Organization of the United Nations revealed that its Food Price Index, which tracks monthly changes in the international prices of globally-traded food commodities, averaged 121.4 points in August, down 2.1% from July and as much as 24% below...

Beijing, China--China's exports and imports sank again in August, data showed Thursday, as the world's second-largest economy struggles with sluggish global demand and a wider slowdown.However, the pace of contraction slowed from the previous month and not as bad as feared.Overseas shipments sank 8.8 percent on-year, the customs authority said, compared...

Doha, Qatar--Qatar's non-energy private sector witnessed strong expansion in August on the back of new orders in the manufacturing and financial services, according to the Qatar Financial Centre (QFC).The expansion rate was the third strongest so far in this year, according to the QFC's latest purchasing managers’ index (PMI) survey,...

Riyadh, Saudi Arabia—Saudi Arabia has issued permits for non-oil industrial projects worth $1.1 billion in August. The licenses issued in August were for chemicals, metals, machinery, furniture, home appliances and other light-medium products. Around 115 licenses were issued for non-oil industrial projects — 20 percent higher than those issued in...

Thanks to falling gasoline prices, US inflation has slowed down in August, but not enough to satisfy policymakers, especially President Joe Biden, as high prices continue to inflict pain on American families and businesses. The annual inflation pace also is likely to have improved to 8.0 percent from the blistering...

In spite of monetary policy tightening, Egypt has seen the market capitalization of its stock exchange vault by $2.7 billion in August

The rate of inflation in Saudi Arabia spiked in September after being at the lowest level in August, according to official data.

Hedge funds in Middle East are abuzz with excitement, posting double digit gains in August this year, after a weak performance in 2020.

Bahrain’s central bank has revealed that cashless transactions in the country has surged 50 percent to $744 million in August, after reaching nearly $4 billion in the first half of the year.

Saudi Arabia’s output growth dipped to the weakest level for ten months amid a slowdown in new business gains.

The UAE has recorded a sharp growth in employment for the first time in more than three years, with a rebound in economy fueled by non-oil private sector growth in August.

Saudis have been queuing up in larger numbers in the last 10 days with the arrival of August 1 deadline, requiring everyone to get one dose of the vaccine.