S. Arabia’s WPI up by 3.2% in June
Saudi Arabia's Wholesale Price Index (WPI) went up by 3.2 per cent in June 2024 compared to the same month in 2023.
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S. Arabia annual inflation stands at 1.5% in June
Saudi Arabia's annual inflation rate reached 1.5 per cent in June 2024. This increase is largely due to an 8.4 per…
Oil steady on Tuesday
Oil prices steadied after a two-day decline amid quiet summer trading, with focus on the US dollar and monetary…
Russia considers gasoline export ban renewal
Russia may reinstate a gasoline export ban from August if domestic supply shortages arise, Deputy Prime Minister…
UAE transfers surge to AED6.12t in Q1 ’24
The value of transfers conducted in the UAE banking sector via the UAE Funds Transfer System (UAEFTS) reached…
Kenya’s shilling steady vs USD
Kenya's shilling held steady against the dollar on Monday, trading at 128.50/129.50, unchanged from Friday's close,…
CNOOC discovers oil, gas in Bohai
China’s state-owned oil and gas company (CNOOC) announced on Monday that it has achieved a significant exploration…
World shipping costs surge amid market uncertainty
The Drewry World Container Index reported a spot rate of $9,387 on July 11, more than double February's rate but…
Telecom Egypt, Nokia to launch 1st 5G network
Telecom Egypt and Nokia partnered to introduce 5G technology in the country for the first time. Nokia will supply…
Nigeria’s inflation hits 34.19% in June
Nigeria's headline inflation rate rose to 34.19 per cent in June 2024, up from 33.95 per cent in May.