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KSA economy contracts 0.4pc y/y in Q2: Emirates NBDSaudi Arabia recorded a 0.4% y/y contraction in the second quarter, compared with a 1.7% y/y contraction in Q1, according to Daniel Richards, Emirates NBD's Mena economist covering markets in North Africa and the Levant. More… |
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UAE 'maintains economic stability' despite potential Fed impactDespite uncertainties brought about by US Fed decisions, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to 3.81% at the second half of the year. Meanwhile, the US CPI (co More… |
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UAE 'maintains economic stability' despite potential Fed impactDespite uncertainties brought about by US Fed decisions, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to 3.81% at the second half of the year. Meanwhile, the US CPI (co More… |
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Gulf central banks raise key rates after Fed hikeThe central banks of Saudi Arabia, UAE, Kuwait, Qatar and Bahrain have decided to raise their interest rates, tracking a hike in the US Fed's benchmark rate. The move came as the US Federal Reserve raised i More… |
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Fed remains focused on inflation, more rate hikes seenMarket players are still in the process of digesting the message from the Federal Reserve, which sent the US markets lower once again yesterday. The markets expected the decision of an interest rate hike More… |
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Fed remains focused on inflation, more rate hikes seenMarket players are still in the process of digesting the message from the Federal Reserve, which sent the US markets lower once again yesterday. The markets expected the decision of an interest rate hike More… |
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Bahrain, UAE raise key interest rates by 75 basis pointsThe central banks of the UAE and Bahrain have raised key interest rate by 75 basis points effective from today. This follows the US Federal Reserve Board’s announcement yesterday to increase the Int More… |
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Gold could benefit from central bank movesBofA Global Research has lifted its 18-month gold target price from $2,000 to $3,000/oz as central banks and governments are set to double their balance sheets and fiscal deficits. The research projects an aver More… |
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Gold could benefit from central bank movesBofA Global Research has lifted its 18-month gold target price from $2,000 to $3,000/oz as central banks and governments are set to double their balance sheets and fiscal deficits. The research projects an aver More… |
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Fed actions alone won't suffice: reportThe new steps announced by US Federal Reserve yesterday are comprehensive set of measures, but they alone will not suffice given the challenges the economy is currently facing, says a report. The Federal Reserv More… |
