Author: Steven Sahiounie

“This is very clearly seen according to results of our friendship, communications with ambassadors of countries of the Commonwealth of Independent States and representatives of the Global South,” Anatoly Antonov noted

For financial markets, the key question hanging over the Federal Reserve’s expected policy easing increasingly revolves around the size of interest rate cuts and less on their timing. The prospect that the U.S. central bank would start reducing borrowing costs in September has been a solid bet for weeks, and Fed Chair Jerome Powell was not shy at his post-meeting press conference on Wednesday in saying that a cut could come at next month’s meeting, as long as economic data between now and then leans that way. The first big dose of that data arrives on Friday, when U.S. central…

Turkish exports reached USD 22.5 billion in July 2024, an increase of 13.8% compared to July, 2023, Minister of Trade Omer Bolat said

Growth in euro zone business activity stalled as expansion in the bloc’s dominant services industry was compounded by a deeper downturn

A sharp repricing in U.S. interest rate cut expectations could give more fuel to a searing bond rally triggered by weakening economic data

Turkey’s annual inflation rate slowed sharply in July to 61.78 percent, official data showed on Monday, as the country battles a cost-of-living crisis.

Egypt’s agricultural exports reached 5.1 million tons in the first seven months of the year, valued at $3 billion

Lebanon’s Purchasing Managers’ Index (PMI) increased in July but business conditions remained challenging with lower new orders and a ‘subdued’ 12-month outlook.

A meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast shift in the U.S. economic outlook, analysts say.

Qatar’s non-energy private sector maintained its expansion stance, despite the Purchasing Managers’ Index (PMI) slipping below trend level from highs recorded in June.