: Pakistan’s Sensitive Price Index (SPI) inflation rate fell to its lowest level in six and a half years, rising by just 1.16% year-on-year (YoY) for the week ending January 16, 2024. This data was shared by the Pakistan Bureau of Statistics (PBS) and analyzed by Topline Securities. Year-on-year inflation reflects rising prices of basic … Read more
Dubai’s main stock index reached its highest level in more than a decade on Wednesday, rising 0.1% to close at 5,084 points, its highest level in 10 years and three months. Other Gulf markets were weak as investors expected smaller interest rate cuts by the US Federal Reserve next year. Emirates NBD Bank shares gained … Read more
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh highlighted the growing trade relationship between Pakistan and the United States, noting that bilateral trade exceeded $7 billion in 2023 and reached $6.3 billion in the first 10 months of 2024. . He expressed optimism about doubling this volume in the coming … Read more
Riyadh: Saudi Arabia’s annual inflation rate continued to slowly accelerate, reaching 2% in November compared to 1.9% in October, according to government data released on Sunday, again driven by rising housing rents. The General Authority for Statistics said that housing rents rose by 10.8% during the month of November, with apartment rental prices rising by … Read more
HANOI: The death toll in Vietnam from Typhoon Yagi and the landslides and flash floods it caused rose to 226 on Thursday, the government’s disaster agency said, as flood pressure increased. attenuated in the capital Hanoi. The Southeast Asian country is reeling from Typhoon Yagi, the strongest storm to hit Asia this year, which made … Read more