The furniture giant, after years of stable and affordable prices, have raised prices amid soaring inflation
inflationary pressures
Central Bank
Inflation, Central Banks, and why it matters
Inflation is the key reason behind a dismal year for investments. Despite regional nuances, the issue is truly global and may not find a quick solution. Volatility should prevail for the coming months
Central Bank
Central banks in the Gulf follow US Fed move to raise interest rates
Most Gulf central banks follow the US Fed because their currencies are pegged to the US dollar
economic outlook
Back-to-school anxiety plagues global markets but silver linings remain
After a positive start to the summer, all asset classes are back in the red, with serious concerns affecting each of them. The worst is certainly not priced-in but it’s also never certain; we are cautious but less pessimistic than most for the medium-term
consumer price index
Inflation in Egypt surges to 14.6 percent, fastest in four years
Consumer prices climbed 14.6 percent from a year earlier in August, versus 13.6 percent the previous month, the state-run statistics agency CAPMAS said on Thursday
economic outlook
GCC reports lower inflation than the global average: Everything you need to know
Despite higher-than-expected inflation worldwide, business conditions in the UAE and Saudi Arabia improved in July resulting in higher job creation
economic outlook
High inflation among the reasons for slower world economic growth: IMF
The world economy is likely to grow slower at 3.2 percent this year, and the IMF urges policymakers to prioritise addressing inflation
Central Bank of Bahrain
Gulf central banks follow US Fed move to raise interest rates to curb inflation
The Federal Reserve announced a consecutive 0.75 percentage point interest rate hike – in a bid to rein in inflation and avoid recession
-800x600.jpg)
consumer price index
Inflation, stagflation, slow growth: It’s time for a mid-year update
Record inflation triggers radical responses from central banks, pressuring activity and crushing all asset classes. It’s a regime shift and it’s not smooth, but we remain reasonably constructive
cost of living
UAE residents spending less as cost-of-living skyrockets compared to last year
Top areas for cutbacks are eating out and clothes/apparels
consumer price index
Surging inflation rate in US sparks fear of recession
The 9.1 percent increase was the highest in almost 40 years, prompting fears that rates will be hiked by almost 1 percent; Biden says data is “out of date”
economic outlook
IMF chief warns of ‘increased risk of recession’ in 2023, as the lender looks to cut global growth forecast again
She highlighted three actions that could be done to navigate a “sea of troubles,” including bringing down inflation, fiscal policy reforms, and an impetus for global cooperation led by G20
government subsidies
UAE starts receiving inflation allowance applications from Emiratis
The ministry of community development also announces rolling out of the new social welfare programme from September 2022
ADNOC
UAE launches fuel subsidy scheme for fishermen in latest government aid
This follows the UAE government’s earlier reforms on its social welfare program
Emiratis
UAE to subsidise petrol price for low-income citizens amid rising fuel costs
The inflation allowance will also provide food, electricity, and water subsidies
food inflation
Inflation takes flight – but what goes up must come down
The opportunity presented in regional investment-grade bonds stands out in the asymmetry between the upside and downside at present, particularly in comparison to other markets
consumer behaviour
Rising food prices push retailers to rethink pricing as consumers look for greater value
The UAE’s retail sector is looking to boost efficiency and embrace digitalisation as customers become increasingly conscious about food prices
