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Economy

Fed prepared to raise interest rates ‘aggressively,’ says Powell

Follow-ups -eshrag News: RIYADH: While the world is experiencing a current tightening cycle, economists warn that 13 of the past…

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Economy

UK and Gulf raise interest rates; New Zealand returns to growth — Macro Snapshot 

Follow-ups -eshrag News: RIYADH: Gulf and UK central banks have raised interest rates, while economic growth in New Zealand has reemerged. The…

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Economy

GCC central banks raise interest rates in line with US Fed’s move to tackle inflation

Follow-ups -eshrag News: Commodities update — Oil up after IEA’s supply warning; Gold gains on Fed rate rise RIYADH: Oil…

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Economy

Saudi-based marketplace Soum emerges to raise $4m seed round 

Follow-ups -eshrag News: Author:  Wed, 2022-03-16 16:49 RIYADH: Saudi ecommerce startup marketplace, Soum, has raised $4 million in a seed round led…

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Economy

Al Rajhi Bank gets CMA nod for 60% capital raise to $11bn

Follow-ups -eshrag News: RIYADH: Saudi stocks closed the week down as Russia’s war in Ukraine sent markets on a rollercoaster. At…

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Economy

Conflict between world’s top wheat exporters may raise Egypt’s costs by $955m

Follow-ups -eshrag News: DUBAI: Abu Dhabi Investment Authority, or ADIA, one of the world’s largest sovereign wealth funds, has cut…

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Economy

Chinese automaker SAIC’s MG Motor India to raise funds for EV push: sources

Follow-ups -eshrag News: NEW DELHI: MG Motor India, which is owned by China’s SAIC Motor, plans to raise funds to…

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