News
Iran war has already cost global firms at least $25 billion | MEO
11+ hour, 48+ min ago (620+ words) LONDON - The US-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed…...
UK retailers warn government must act on Iran war impact | MEO
1+ week, 5+ day ago (93+ words) UK retailers warn government must act on Iran war impact'middle-east-online. com UK retailers warn government must act on Iran war impact LONDON - Britain's retail sector called on the government to help with soaring costs as a result of the Iran…...
Egypt maintains subsidized bread price despite fuel price hike | MEO
2+ mon, 1+ week ago (224+ words) CAIRO - Egypt will not raise price of heavily subsidised bread despite a hike in fuel prices of up to 17% announced on Tuesday, Supply Minister Sherif Farouk said in a statement. Egypt, one of the'world's biggest wheat importers and a gas…...
Egypt raises domestic fuel prices by up to 17% | MEO
2+ mon, 1+ week ago (343+ words) CAIRO - Egypt raised prices on a wide range of fuel products on Tuesday, the petroleum ministry said, as the region continues to reel from rising global oil and gas prices and the disruption of Middle East output from the US-Israeli…...
Iran war dramatically changes outlook for global central banks | MEO
2+ mon, 1+ week ago (721+ words) TOKYO - The escalating crisis in the Middle East has dramatically changed the outlook for global central banks, with the huge supply shock posing a difficult trade-off between underpinning growth and countering inflation. For emerging Asian central banks, cutting interest rates…...
Iran's rial sinks to record low against US dollar | MEO
3+ mon, 3+ week ago (177+ words) DUBAI - Iran's currency dropped to a record low of 1, 500, 000 rials to the US dollar on Tuesday, according to several Iranian currency tracking websites, weeks after protests sparked by the rial's dwindling value rocked the country. The breach of the 1, 500, 000 rial…...