Thursday 30 July 2015
 
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inflation

Fuel subsidy reform is credit positive for UAE

Last Wednesday, the UAE announced gasoline and diesel price deregulation starting August 1, effectively phasing out fuel subsidies. The measures are credit positive for the UAE and Abu Dhabi, a Moody’s report said. The measu

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Kuwait inflation hits all-time high in June

Kuwait's statistics office reported consumer price for June jumping up by 3.5 per cent year-on-year, showing inflation at its highest since April 2012. Prices of food and beverages, which account for over 8 per cent of the basket, r

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Egypt's annual core, urban inflation drops in June

Egypt's annual urban consumer inflation and core inflation dropped in June after rising last month, with analysts saying the fall reflected slower growth in food prices. Urban consumer inflation dropped to 11.4 per cent from 1

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Dubai inflation hits six-year high in May

Dubai's annual inflation rate rose 4.7 per cent in May, its highest level since 2009, data showed on Sunday. The housing and utility costs, which account for almost 44 per cent of consumer expenses, jumped 7.8 per cent from a

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UAE inflation rise slows in April

Annual inflation in the UAE slowed down slightly after hitting a six-year-high in March, data from the country's National Bureau of Statistics said. The inflation rose 4.2 per cent in April this year compared to the same month

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Gold up on softer dollar, but set for biggest weekly drop

Gold rose on Friday as the dollar's rally stalled ahead of US inflation data, but it was still on course for its biggest weekly decline in four weeks. Spot gold rose 0.5 per cent to $1,211.98 an ounce by 1001 GMT. It was down

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Bahrain inflation drops 0.6pc in April

The consumer price index in Bahrain dropped by 0.6 per cent to 122.8 points last month compared with 123.6 in March last year. The index had risen by 2.2 per cent last month to 122.8 points, from 120.1 in April last year, said a r

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GCC pay growth seen at 5pc in 2015

GCC wages are set to rise at an average of 5 per cent in 2015, rebounding from a brief dip to 4.8 per cent last year, a report said. However, figures collected from general industry indicate that this rate of salary will descend b

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Iranian banks to cut rates after inflation plunge

Iranian banks agreed on Saturday to cut deposit and lending rates, the head of Iran's largest commercial bank said, after a sharp fall of inflation gave policymakers more room to pursue faster economic growth. "The direct

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US inflation falls on lower petrol prices

US consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates. Other data on Thursday

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