Food prices boost Saudi inflation in Feb as coronavirus impacts demand

This post was originally published on this siteDUBAI, March 25 (Reuters) – Saudi Arabia’s consumer price index rose 1.2% in February from a year earlier, boosted by food price hikes,

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Virus-hit Gulf has little room to boost revenue after oil price shock

This post was originally published on this siteDUBAI (Reuters) – The coronavirus outbreak and plunging crude prices are a double blow that leaves Gulf Arab governments with few options to

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NMC Health hires Moelis for debt restructuring: sources

This post was originally published on this siteDUBAI (Reuters) – NMC Health (NMC.L), the UAE healthcare company, has hired Moelis & Co (MC.N) to advise on a debt restructuring, three

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Saudi economy grows just 0.3% in 2019 as oil sector shrinks

This post was originally published on this siteDUBAI (Reuters) – Saudi Arabia’s economy grew by a weaker-than-expected 0.3% in 2019 as the oil sector contracted sharply, official data

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UAE central bank recommends measures to mitigate coronavirus impact

This post was originally published on this siteDUBAI, Feb 29 (Reuters) – The central bank of the United Arab Emirates advised banks to reschedule loans and reduce fees and commissions on

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G20 finance heads see modest growth pickup, to monitor coronavirus

This post was originally published on this siteRIYADH (Reuters) – Finance leaders of the world’s top 20 economies expect economic growth to pick up modestly this year and next thanks

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UAE c.bank says monitoring job cuts in financial industry

This post was originally published on this siteDUBAI, Feb 22 (Reuters) – United Arab Emirates’ (UAE) central bank said on Saturday it is closely following recent job cuts in the

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Citi, Deutsche start talks to sell $9 billion Dubai port company debt: sources

This post was originally published on this siteDUBAI (Reuters) – Citi (C.N) and Deutsche Bank (DBKGn.DE) have started talks with other banks to sell roughly $9 billion in debt Dubai raised

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Egypt’s annual urban consumer inflation rises to 7.2% in Jan- Capmas

This post was originally published on this site(Adds details, background) CAIRO, Feb 10 (Reuters) – Egypt’s annual urban consumer inflation rose to 7.2% in January from 7.1% in

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Egypt’s annual urban consumer inflation rises to 7.2% in Jan- Capmas

This post was originally published on this site(Adds details, background) CAIRO, Feb 10 (Reuters) – Egypt’s annual urban consumer inflation rose to 7.2% in January from 7.1% in

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