Gulf Economies to Pick Up Speed Next Year, With Fall in Oil Prices Biggest Risk

The oil-rich region will benefit from an increased COVID-19 vaccination rate, rising oil prices, and easing of lockdown restrictions this year and next, the poll suggested.

Egypt Economy Forecast to Grow 5.1% In Year to June, 5.5% In 2022/23

The central bank said last month economic growth surged to 7.7% in the final quarter of the last fiscal year, indicating growth of 3.3% for the entirety of 2020/21, up from a previous full fiscal-year estimate of 2.8%.

Facebook Will Add 10,000 Jobs in Europe to Help Build Virtual Worlds

The company is committing to the ‘metaverse’ in a big way.

Turkish Lira at New Lows After Erdogan Fires Bank Officials

The shakeup of bank officials came hours after Erdogan met with the central bank’s governor, Sahap Kavcioglu.

German Economic Institutes Cut 2021 GDP Forecast

The five institutes expect inflation to be 2.5% in 2022 and 1.7% in 2023.

Harry and Meghan Bet on Finance With ESG Venture

The couple became investors in Ethic earlier this year and have investments managed by the company as well.

European Markets Slump As UK Economic Growth Falls Short of Forecasts

The services sector grew just 0.3% during the month, while output in consumer-facing services increased by 1.2%.

Saudi Aramco Taps Banks for $12–14 Billion Gas Pipeline Loan

Aramco could raise at least $17 billion from the sale of a significant minority stake in its gas pipelines.