Economy

Turkey's inflation seen dropping to about 27% by end of 2022

Already rampant inflation in Turkey will rise further in the coming months before declining to around 27% by the end of the year, a Reuters poll showed on Monday, as forecasts soared after a currency crisis in 2021 sent prices rocketing. Turkey's inflation surged to 36% in December after a series of interest rate cuts by the ...

11:35 Et January 17, 2022

Arab Maghreb Union has 'tremendous' economic integration potential, Economist says

The Arab Maghreb Union has "tremendous" economic integration potential, according to Abdelaziz Ait Ali, senior economist at the Policy Center for the New South (PCNS). Speaking at "Africafé" ...

11:29 Et January 17, 2022

No sign of 'post-coronavirus boom,' German industry boss says

The economic upswing in Germany has not yet gathered pace, as the coronavirus pandemic continues to cause business widespread uncertainty, industry leaders said on Thursday as they presented ...

19:15 Et January 13, 2022

World Bank downgrades 2022 global growth forecast to 4.1 pct

The global economy is on track to grow by downwardly revised 4.1 percent this year amid new waves of the pandemic, rising inflation and continued supply chain bottlenecks, ...

20:00 Et January 12, 2022

China foreign minister in Sri Lanka to discuss Belt and Road

Chinese Foreign Minister Wang Yi was in Sri Lanka on Sunday seeking to advance Beijing’s ambitious Belt and Road Initiative as the island nation tries to rescue itself ...

15:30 Et January 9, 2022

China's market regulator fines Alibaba, Tencent for failing to report deals

China's top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd, Tencent Holdings Ltd, and Bilibili Inc for failing to properly report about a ...

11:20 Et January 5, 2022

Oil prices slip as China cuts import quotas

Oil prices eased on Thursday after the world's top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing ...

11:37 Et December 30, 2021

Morocco's Manufacturing Industries: 0.5% Rise in Producer Prices in Nov

The producer price index of the "Manufacturing industries excluding oil refining" sector posted an increase of 0.5% during November 2021 compared to October 2021, according to the High ...

18:02 Et December 29, 2021

Turkish lira slides almost 8% after intervention-driven surge

The lira tumbled almost 8% against the dollar on Monday amid persisting investor concern over Turkey's monetary policy, having surged more than 50% last week after billions of dollars of state-backed market interventions. The lira was also supported last week by a government move to cover FX losses on certain deposits. It weakened to as ...

11:41 Et December 27, 2021

Oil Prices Mixed Ahead Of Christmas Holiday

Oil prices mixed on Friday as investors were cautious due to the surging COVID-19 omicron variant, although new findings that omicron to be milder than previously thought. During ...

13:30 Et December 24, 2021
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