Colombia Raises Interest Rate to 12.25% in Surprise Central Bank Move
Colombia unexpectedly raised interest rates to the highest level since 2024 as the central bank seeks to restore credibility after years of missing its inflation target.
Colombia unexpectedly raised interest rates to the highest level since 2024 as the central bank seeks to restore credibility after years of missing its inflation target.
The US said Wednesday that it lifted its long-standing blanket ban on arms exports to Syria, clearing the way for case-by-case reviews of defense sales and security services to Damascus, Anadolu repor
Analysts have sharply raised their 2026 oil price forecasts as hopes fade for a quick normalization of shipping through the Strait of Hormuz, with a new Reuters poll putting Brent crude at an average
As the world marks World Tourism Day 2026 under the theme βDigital Agenda and Artificial Intelligence to Redesign Tourism,β Qatar is already putting that ambition into practice, using AI and connected
Inflation in Europeβs top economies jumped to the highest level in years following the latest upswing in energy markets, focusing attention on what the European Central Bank will do next to tame price
Asian bonds declined and Treasuries held losses as elevated oil prices kept inflation concerns alive. The dollar strengthened.
Brent holding $80-85 range. OPEC+ discipline intact through Q3. Non-OPEC supply growth slowing. Asian demand forecast revised up 0.4% by IEA.
GCC bank profits up 18% YoY. NIMs stabilizing. Loan growth strongest in Saudi (22%) and UAE (16%). DIFC: 47 new fintech licenses Q1.
Dubai residential transactions hit AED 42B in April β monthly record. Saudi giga-project awards reached $18B Q1.
Gulf VC: $1.2B across 84 deals Q1. Saudi startups 37% of total. Fintech and logistics lead. 3 deals above $50M in Riyadh.
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