• Oil price, COVID-19 spur Arab world’s public finance

    Central banks are prioritizing fiscal and monetary policy coordination to boost macroeconomic stability, cut inflationary pressures, and support long-term growth.

  • Sudanese pound stays strong despite ongoing conflict

    Dr Gharaibeh attributes Sudan's monetary stability to the localized conflict in Khartoum and increased reliance on local investment, compensating for the decline in foreign investment. He further emphasizes that the capital flight from Sudan has been minimal, due to the conflict being concentrated in Khartoum.

  • Confront inconvenient truths to fight global inflation

    "Now is the time to face the three uncomfortable truths ... Inflation remains sticky; financial stresses could make price and financial stability a difficult balancing act; and more upside inflation risks will likely come our way," she adds, emphasizing the crucial role that the return to price stability plays in...

  • Price monetary policy tools strong in managing public funds: Iraq official

    Baghdad, Iraq-- An advisor to Iraq's Prime Minister said the country has effective price monetary policy tools to manage public funds. Mudher Muhammed Salih, the advisor to the Prime Minister for Financial Affairs, emphasized the effectiveness of quantitative and price monetary policy tools in managing public funds and discussed factors...

  • European Central Bank raises rates for eighth consecutive time

    The hike was the highest since 2001, despite a darkening economic outlook. The ECB increased rates by another 25 basis points, taking the closely watched deposit rate to 3.50 percent -- its highest level since 2001. "Inflation has been coming down but is projected to remain too high for too...

  • Oil, investment and reforms propel Saudi economy

    The Kingdom has the highest economic growth among the G20 countries in 2022, driven by strong oil production and non-oil sector growth, says the latest IMF report.

  • More monetary tightening required, says top Federal Reserve official

    The US should continue tightening monetary policy to bring down inflation while assessing the impact of last month's financial turmoil on bank lending, a top Federal Reserve official said. "How much further will depend on incoming data on inflation, the real economy and the tightening credit conditions," Federal Reserve governor...

  • Stocks mostly drop as traders track China, US rates

    Major stock markets mostly dropped as warnings that US interest rates would continue to rise and remain elevated offset growing optimism over China's economic reopening after Covid lockdowns. Equities enjoyed a strong start to the new year thanks largely to Beijing's decision to throw off the shackles of its strict...

  • Central Bank of Kuwait raises discount rate by 2.75%

    CBK Governor said the decision was taken in light of the recent international economic and geopolitical developments.

  • European monetary policy: Same hat doesn’t fit all

    The Europe's apex bank is expected to gradually tighten monetary policy whilst using asset purchases to support weaker countries in the periphery in an attempt to avoid a full-blown resurgence of the Euro area sovereign debt crisis," the Qatar National Bank pointed out in its weekly commentary.

  • With inflation on rise, ECB readies tougher action

    The European Central Bank is set to announce the end date to its bond-buying stimulus on Thursday, as concerns over the accelerating pace of inflation in the eurozone grip policymakers. The stop is a prelude to the ECB hiking rates for the first time in over a decade in the...

  • Global markets slide on Fed chief’s warning

    Global stock markets slid Friday after the Federal Reserve warned of an aggressive tightening of monetary policy to tame runaway inflation. Wall Street was also glum shortly after the opening bell as the Dow sank 0.9 percent while the S&P index and the tech-rich Nasdaq were showing smaller losses.

  • Yen slides to 20-year low against dollar

    The yen hit its lowest level against the dollar in two decades on Wednesday, extending recent falls as the gap widens between Japan's ultra-loose monetary policy and US tightening. One dollar bought 126 yen on Wednesday afternoon, the lowest rate since 2002.

  • Global stocks slide on Fed tightening and China prices

    Asian stocks posted losses on Monday as unease lingered over tightening monetary policy by the Fed and rising prices in China.

  • Egyptian pound loses 13% of its value against US dollar

    The value of the Egyptian pound shed 13 percent against the US dollar on Monday, registering 17.80 pounds against the greenback after a recent rise in inflation.

  • CBUAE raises base rate by 25 basis points on Fed cue

    The new rates are said to be effective from Thursday, March 17.

  • Fed signals faster rate hikes, Asian, European stocks sink

    London's benchmark FTSE 100 index slid 1.0 percent to 7,445.04 points, after heavy losses earlier in Asia and overnight on Wall Street.

  • IMF pegs 2021 global growth at 5.9%

    The IMF noted that emerging variants of the novel coronavirus have made policy choices more difficult, with limited room to maneuver.