Iran’s overall economy PMI plunges to a 23-month low
Iran’s PMI score stood at 37.49. PMI score of 50 and above indicates economic expansion, below 50 indicates at economic contraction....
Category : Economy
US inflation rate slows to 8.3% in April
Core CPI rate of inflation preferred by the Fed rises by a higher than expected 0.6%....
Can Brazil help with food shortages globally?
Brazil predicted to produce 285 million tonnes of grain in 2022....
Tokyo consumer prices rise at the fastest pace in seven years
The increase in the Tokyo core consumer price index (CPI) was quicker than the median market prediction of 1.8%....
World Bank to give Sri Lanka $600 million in aid
The country was forced to default on some of its foreign debt commitments recently....
How UK retailers are tempting customers by offering drinks
This new trend is gaining traction among the UK’s elite....
Sri Lanka economic crisis: Air India reduces flights due to poor demand
Currently, Air India is operating 16 flights per week to be reduced to 13 flights post revision....
Is Russia getting support from MENA?
UAE, which has been a steady ally of the US over the years, abstained from voting against Russia in the United Nation....
US Senate passes bill to make daylight saving permanent till 2023
This law is aimed to have brighter hours in the afternoon in the hope of increasing economic activity....
Tourism in the Middle East bounce back post COVID-19
World Travel & Tourism Council (WTTC) expects the Middle East tourism revenues to reach US$246 billion this year....