By Steven Scheer TEL AVIV (Reuters) – Israel’s economy grew 6.5% in 2022 – slower than 2021’s 8.6% expansion but…
Sticky inflation prompts EBRD to trim 2023 growth outlook for its region
By Jorgelina do Rosario LONDON (Reuters) – High gas prices and persistent inflation eroding real wages will limit growth in…
Turkey earthquake could result in loss of up to 1% of country’s GDP in 2023
By Jorgelina do Rosario LONDON (Reuters) – The potential economic effects of the earthquake in Turkey could result in a…
Elon Musk says end-2023 ‘good timing’ to find new Twitter head
By Yousef Saba DUBAI (Reuters) – Twitter Chief Executive Elon Musk said on Wednesday that towards the end of 2023…
Oil drops on huge U.S. stock build; demand outlook limits losses
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 2% to a one-week low on Wednesday on a much…
Israel inflation rate edges up to 5.4% in January, highest since 2008
JERUSALEM (Reuters) – Israel’s inflation rate hit a 14-year high in January, rising 5.4% over the prior 12 months, the…
Resurgent China to drive 2023 oil demand, supply shortfall possible in H2 -IEA
By Noah Browning LONDON (Reuters) -China will make up nearly half of this year’s oil demand growth after it relaxed…
Saudi inflation ticks up to 3.4% in January as housing costs rise
By Yousef Saba DUBAI (Reuters) – Saudi Arabia’s annual inflation inched up to 3.4% in January from 3.3% a month…
Oil settles down 1%, then drops more on hint of big U.S. crude build
By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% lower on Tuesday as traders worried about mounting supplies, and prices…
Saudi Arabia’s PIF says U.S. stocks value falls nearly $6 billion in fourth quarter
By Yousef Saba DUBAI (Reuters) – Saudi Arabia’s sovereign Public Investment Fund held $30.9 billion worth of U.S. stocks at…