Lebanon may record second highest inflation rate globally in 2022: Fitch
BEIRUT: Lebanon is expected to post the second-highest inflation rate in the world this year, trailing only Sudan, according to Fitch Solutions.
BEIRUT: Lebanon is expected to post the second-highest inflation rate in the world this year, trailing only Sudan, according to Fitch Solutions.
RIYADH: The Saudi economy is expected to grow 7.6 percent this year, up from 3.2 percent in 2021, on the back of soaring oil revenues, the International Monetary Fund said Wednesday.
BEIJING: Chinese tech giants including Alibaba, Tencent and ByteDance have submitted details to a state regulator of algorithms used in some of their products, in an unprecedented move as authorities strengthen oversight of the sector.
BIRMINGHAM, United Kingdom: Kevin Kendall pulls up at the only green hydrogen refueling station in Birmingham, Britain’s second-biggest city, and swiftly fills his sedan with clean gas.
By Majd Othman
KUWAIT: Kuwait recorded a 12.5 percent ($12 million) decline in the value of projects awarded in July 2022, as the value of total project awarded reached $84 million in the month.
WASHINGTON: Salespeople, food servers, postal workers — “Help Wanted” ads are proliferating across the United States, as companies struggle to deal with a worker shortage caused by the pandemic, a rash of early retirements and restrictive immigration laws.
By Majd Othman
KUWAIT: The Central Bank of Kuwait (CBK) raised the discount rate for the fifth time this year by about a quarter of a percentage point, from 2.5 to 2.75 percent, with the aim of maintaining the attractiveness of the dinar, expanding the margin between the domestic discount rate and the US interest from its narrowest level in a century, according to the latest banking data.
KUWAIT: National Investments Company (NIC) has announced receiving another recognition from World Finance Magazine, winning the title of Best Investment Banking Company in Kuwait 2022. This is a culmination of the Company’s efforts in providing financial advisory to clients.
TOKYO: Japan’s economy expanded in the three months to June, official data showed Monday, after the government lifted COVID-19 curbs on businesses.
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