DAMASCUS (Reuters) – Syria weakened its official exchange rate to 4,522 Syrian pounds to the dollar, a central bank statement said on Monday, while black market rates used for most economic acti[...]
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Middle East
Dubai scraps 30% tax on alcohol sales amid economic rebound
DUBAI (Reuters) – Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said on social med[...]
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Turkish factory activity contracts in Dec but shows improvement -PMI
ISTANBUL (Reuters) – Turkish factory activity contracted for the 10th month running in December but showed some signs of improvement from previous months as output and new orders fell more slowl[...]
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Market misery deals sovereign wealth funds historic setback in 2022 -study
By Marc Jones LONDON (Reuters) – Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first[...]
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Turkish central bank includes other financial firms in securities regulation
ANKARA (Reuters) – The Turkish central bank has included non-bank financial companies in securities maintenance regulations as part of its “liraization strategy” which will be introd[...]
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Oil ends year of wild price swings with 2nd straight annual gain
By Laila Kearney NEW YORK (Reuters) -Oil prices swung wildly in 2022, climbing on tight supplies amid the war in Ukraine, then sliding on weaker demand from top importer China and worries of an econom[...]
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How 2022 shocked, rocked and rolled global markets
By Marc Jones LONDON (Reuters) – Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and the collapse of a few crypto empires – 2022 has[...]
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Oil drops on China uncertainty; U.S. demand limits decline
By Shariq Khan NEW YORK (Reuters) – Oil prices fell for a second straight session on Thursday on an uncertain demand outlook as more countries considered restrictions on Chinese travelers with C[...]
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Most major Gulf markets drop as China COVID surge sours sentiment
(Reuters) – Most major stock markets in the Gulf fell in early trade on Thursday as soaring COVID cases in China unsettled investors and cast doubt over chances of a swift recovery for the world[...]
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