Moody’s: UAE developers to eventually face risks due to high inflation, interest…
Continued high inflation and high interest rates may pose a risk to UAE homebuilders, Moody’s Investor Service…
Browsing Tag
Inflation
Egypt’s annual headline inflation rate reaches 35.8% in October – CAPMAS
Egypt’s annual headline inflation rose to 35.8 percent in October, Central Agency for Public Mobilization and…
IMF cautions Europe against ‘premature celebration’ of victory over inflation
The European Central Bank and other policymakers in Europe have to keep interest rates at current elevated levels…
IMF team to visit Tunisia in coming weeks
A team from the International Monetary Fund (IMF) is set to visit Tunisia in the coming weeks to inspect the latest…
U.S. CPI inflation holds steady at 3.7% in September
U.S. inflation as measured by the change in the Consumer Price Index (CPI), held steady at 3.7 percent on an annual…
Türkiye raises key interest rate to 30% – central bank
Türkiye’s central bank hiked on Thursday its key interest rate to 30 percent on Thursday, a 500-basis point jump…
Egypt bans onion exports for 3 months – Cabinet
Egypt announced it will stop exporting onions for the final three months of 2023, said the Egyptian cabinet on…
Egypt’s Awlad Ragab plans to sell assets for EGP 850mln
Awlad Ragab, one of largest retailer chains in Egypt, is seeking to sell assets of about 850 million Egyptian…
Turkish central bank raises interest to 25%
Türkiye’s central bank hiked interest rates on Thursday by more than expected to 25 percent, in a new sign of a…
Jumia loses 1 million customers in Nigeria, Ghana, Egypt
Jumia, Africa’s e-commerce giant firm has posted its financial results for the second quarter of 2023, showing a…
