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    Global manufacturing sector struggles in June

    Global manufacturing sector struggles in June

    02 Jul 2022

    Global manufacturing struggled in June as higher prices and a darker economic outlook left consumers wary of making purchases, while China’s strict COVID-19 lockdowns and Russia’s invasion of Ukraine added...

    Pakistan’s June inflation surges to its highest in over a decade

    Pakistan’s June inflation surges to its highest in over a decade

    01 Jul 2022

    Pakistan’s consumer price index (CPI) rose 21.3 per cent in June from a year earlier, the statistics bureau said on Friday, for the South Asian nation’s highest inflation in 13...

    No major policy change expected at OPEC+ meet

    No major policy change expected at OPEC+ meet

    30 Jun 2022

    Opec and Opec+ began two days of meetings on Wednesday with sources saying a big policy change was unlikely this month. At its last gathering in early June, Opec+...

    Should we raise unemployment to fight inflation?

    Should we raise unemployment to fight inflation?

    27 Jun 2022

    Michael Hiltzik, Tribune News Service If economic history teaches us anything, it’s that when times get tough, working men and women get targets painted on their back. Current events give...

    Dollar stumbles as markets rethink interest rate path

    Dollar stumbles as markets rethink interest rate path

    24 Jun 2022

    The US dollar slipped on Friday and was heading for its first weekly decline this month as traders dialled down bets on where interest rates may peak and brought forward...

    Adnoc knows products worth $19b with local manufacturing potential

    Adnoc knows products worth $19b with local manufacturing potential

    21 Jun 2022

    Abu Dhabi National Oil Company (Adnoc) announced on Tuesday it has identified Dhs70 billion ($19 billion) worth of products in its procurement pipeline that could be manufactured locally. Out of...

    China’s oil imports from Russia rises to a record level in May

    China’s oil imports from Russia rises to a record level in May

    20 Jun 2022

    China’s crude oil imports from Russia soared 55 per cent from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed...

    Stocks waver, oil prices fall on recession fears

    Stocks waver, oil prices fall on recession fears

    17 Jun 2022

    Stock markets wobbled and oil prices sank on Friday over growing fears that inflation-fighting interest rate hikes by central banks could trigger recessions. Investors were shaken this week after the...

    Opec sure oil demand will exceed pre-virus levels

    Opec sure oil demand will exceed pre-virus levels

    14 Jun 2022

    Opec has stuck with its forecast that world oil demand will exceed pre-pandemic levels in 2022, although the producer group said Russia’s invasion of Ukraine and developments around the coronavirus...

    Adnoc Distribution utilises AI to fuel smart growth

    Adnoc Distribution utilises AI to fuel smart growth

    11 Jun 2022

    Customers of Adnoc Distribution have redeemed more than 1 billion Adnoc Rewards points in a single calendar month. The milestone marks the latest of the loyalty programme; the first of...

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