News

MEO
middle-east-online.com

China’s exports ride AI boom as domestic economy struggles | MEO

1+ hour, 15+ min ago  (777+ words) BEIJING – China’s exports surged in June, buoyed by orders for chips and computing power to fuel the global AI boom, deepening producers’ reliance on overseas buyers as policymakers in the world’s No. 2 economy continue to grapple with how to boost…...

MEO
middle-east-online.com

Iran war has already cost global firms at least $25 billion | MEO

1+ mon, 3+ week 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…...

MEO
middle-east-online.com

UK retailers warn government must act on Iran war impact | MEO

2+ mon, 1+ week 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…...

MEO
middle-east-online.com

Egypt maintains subsidized bread price despite fuel price hike | MEO

4+ mon, 3+ day 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…...

MEO
middle-east-online.com

Egypt raises domestic fuel prices by up to 17% | MEO

4+ mon, 3+ day 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…...

MEO
middle-east-online.com

Iran war dramatically changes outlook for global central banks | MEO

4+ mon, 4+ day 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…...

MEO
middle-east-online.com

Iran's rial sinks to record low against US dollar | MEO

5+ mon, 2+ 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…...