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The latest verified economic news, official data and analysis on International Organizations, from The Edge for Economic Consultancy.
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Shrinkflation has become one of the most visible consumer price issues of the post-pandemic inflation cycle. The term refers to a commercial practice where a product is sold in a smaller size, weight, or quantity while its sticker price remains unchanged or falls by less than the reduction in quantity. The result is a higher…
Oil prices surged sharply on Monday as renewed tensions in the Middle East revived fears of potential disruption to global energy flows through one of the world’s most critical oil transit corridors. Brent crude moved close to US$98 per barrel, while West Texas Intermediate traded near US$95 per barrel, with both benchmarks rising by nearly…
Seven key OPEC+ producers have agreed to raise their oil production target by a combined 188,000 barrels per day starting in July 2026, extending the alliance’s gradual effort to unwind voluntary production cuts while maintaining a cautious stance toward market stability. The adjustment was agreed by Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman…
Egypt’s net international reserves increased to a record US$53.134 billion at the end of May 2026, according to official data released by the Central Bank of Egypt (CBE), extending the country’s steady reserve accumulation trend and reinforcing confidence in its external financial position. The latest figure compares with US$53.009 billion recorded at the end of…
China’s crude oil buying has slowed sharply, creating an unusual stabilizing effect for global oil markets at a time of major disruption in Gulf supply routes and elevated energy price volatility. Market tracking estimates indicate that China’s seaborne crude arrivals fell to around 6.4 to 6.6 million barrels per day in May 2026, the lowest…
PM Madbouly signals no new IMF program needed after current arrangement ends in December 2026. Remittances +32.2% to USD 34.9 bn, tax revenues +29%, Q3 growth ~5% above IMF’s 4.2% projection, with 4-5 SOE listings before year-end as reform momentum continues.
Kuwait Petroleum Corporation signals crude production could recover to nearly 70% of normal levels within 6–8 weeks of the Strait of Hormuz reopening, with refinery output returning in 2–3 weeks. The phased recovery underscores Kuwait’s operational readiness and its role as a reliable Gulf supplier, supported by 1.4 mb/d refining capacity and the Strategy 2040 target of 4.0 mb/d crude.
Iron ore trades near USD 103/t after a 4% monthly drop as Chinese property investment fell 13.7% YoY and global crude steel output declined 1.9% in April. But cement, aluminum, copper and freight-linked materials remain exposed to energy and metals cost pressure. Construction cost inflation is becoming more selective rather than uniformly easing.
Saudi Arabia entered 2026 with a SAR 125.7 billion Q1 deficit and rising spending, but higher oil prices, non-oil activity and financing capacity continue to anchor the Kingdom’s outlook. IMF still projects 3.1% growth and 2.3% inflation in 2026, with resilience supported by Vision 2030 and disciplined debt management.
Bahrain markets a new 10-year U.S. dollar sovereign bond at a yield near 7.5%, testing investor appetite for GCC credit. The transaction reflects continued access to international markets, supported by GCC backing, resilient non-oil activity and active policy response, even as fiscal consolidation remains central.