Browsing: Economy

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.

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.

Saudi Arabia achieved the highest growth rates in both male and female workforce participation among all G20 countries between 2016 and 2021

RIYADH: The UAE’s non-oil private sector growth remained steady in July but marked its slowest improvement in almost three years, an economy tracker showed. 

RIYADH: Saudi Arabia’s total non-oil merchandise exports to Gulf Cooperation Council countries reached SR10.99 billion ($2.9 billion) in May, a significant increase from SR8.43 billion in the same month last year.

The Nikkei plunged 12.4%, ending the day in Tokyo at 31,341.29. The loss of 4,451.28 points on the index was also the largest in terms of points in its entire history

RIYADH: Saudi utility giant ACWA Power reported a 35.46 percent increase in net profit for the first half of 2024, reaching SR926.79 million ($246.88 million), compared to the same period last year. 

Korean Air will stop serving instant cup noodles, a popular snack in Korea known as ramyeon that requires boiling water, on its long-haul flights, part of changes in response to increased turbulence incidents.

Billionaire investor Warren Buffett’s Berkshire Hathaway has significantly cut its investment in Apple, offloading nearly half of its holding since the start of the year, according to a quarterly earnings report released on Saturday.