Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: INFLATION
Turkey’s Erdogan says high interest rates fuel inflation, prevent investment
:: Turkey has not been able to lower inflation because of high interest rates which were at levels that discouraged investment, President Tayyip Erdogan said on Tuesday, reiterating his unorthodox view on the link between rates and inflation. “We still
Egypt’s central bank seen holding interest rates as inflation cools
:: Egypt’s central bank is likely to keep key interest rates unchanged in its monetary policy meeting this Thursday, a Reuters poll showed, after a slide in inflation that is expected to continue in the last quarter of 2017. The
Egyptian minister says inflation in the country to start easing by December
Egypt expects inflation to start easing by November or December, a year after abandoning its currency peg and seeing prices soar as the pound lost half its value, Finance Minister Amr El-Garhy said on Thursday. Annual urban consumer price inflation
US wholesale inflation sees biggest monthly gain in 4 years
US wholesale inflation continued its upward trend in January, recording its largest monthly gain in more than four years, according to data released Tuesday by the Labor Department. The Producer Price Index (PPI), which measures prices from the seller’s perspective,
UK inflation hits highest since 2014
British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fueled fall in the pound, official data showed on Tuesday. Consumer prices increased
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