THE EDGE INSIGHTS
Latest Economic Insights
Independent economic analysis and market intelligence on regional and global trends.
Egypt’s Reserves Reached a Record 56.3 Billion Dollars in July, and the Rating Agencies Still Do Not Agree
Egypt's net international reserves reached 56.29 billion dollars at the end of July, the highest on the Central Bank's published record, after…
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Market Wrap MENA-Asia 19 August: Kospi Plunges 5.8 Percent, Kuwait Rises, Egypt Slides
Asia's selloff turned into a rout on Wednesday, led by the chip complex, while the Gulf split and Kuwait advanced, per CNBC.…
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US Import Prices Fell 0.4 Percent as Fuel Dropped 7.2 Percent While Non Fuel Prices Rose
United States import prices fell 0.4 percent in July after a 0.3 percent decline in June, the Bureau of Labor Statistics reported…
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The World Bank Priced 4 Billion Dollars of Seven Year Paper at 3.9 Basis Points Over Treasuries Into an 11 Billion Book
The World Bank priced 4 billion dollars of seven year Sustainable Development Bonds on 18 August, drawing more than 150 investor orders…
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Jordan’s Tourism Receipts Rose 24.9 Percent in July and Are Still 0.2 Percent Down Across Seven Months
Jordan's tourism receipts rose 24.9 percent in July to 926.2 million dollars, the Central Bank of Jordan reported on 18 August. Across…
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Saudi Arabia Raised 9.5 Billion Riyals in August Sukuk With 43 Percent of It at the 2039 Maturity
Saudi Arabia's National Debt Management Center closed its August riyal sukuk issuance at 9.518 billion riyals on 18 August, across five tranches…
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Kuwait Sells 100 Million Dinars of Five Year Debt at a 3.375 Percent Cut-Off With Bids Covering It 3.9 Times
The Central Bank of Kuwait issued 100 million dinars of five year public debt on 19 August at a cut-off yield of…
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Egypt’s Monthly Inflation Was Zero in July and the Annual Rate Still Rose to 14.9 Percent
The Central Bank of Egypt published its monthly inflation note on 18 August, two days before the Monetary Policy Committee meets. Annual…
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UK Inflation Rose to 2.9 Percent on the Energy Cap While Services Inflation Fell to 3.4
United Kingdom consumer price inflation rose to 2.9 percent in the twelve months to July, from 2.6 percent in June, the Office…
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Market Wrap US-Europe 18 August: Nasdaq Sheds 1.3 Percent as Health Care Outperforms
Wall Street fell for a third consecutive session on Tuesday with the selling concentrated in technology, per CNBC. The Nasdaq Composite lost…
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Saudi Arabia Expands Mining Strategy as Aramco and Maaden Target Copper
Saudi Arabia is broadening its push into critical minerals as Saudi Aramco and Saudi Arabian Mining Company, Maaden, move toward establishing a…
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Commodities Wrap 18 August: Metals Slide as Silver Drops 3.6 Percent While Coffee Jumps
The commodities board split sharply on Tuesday: every tracked energy contract rose while every tracked metal fell, per CNBC. Silver dropped 3.56…
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- The Week Ahead: The Federal Reserve Decides on 29 July, US Growth and Inflation Data Land, and the Megacap Technology Earnings Peak
- Commodities Wrap 1 July: Precious Metals Rebound as Oil Drops Below US$70
- Market Wrap US-Europe 2 July: Dow Hits a Record and Europe Rallies as Soft US Jobs Data Reset Rate Expectations
- Market Wrap US-Europe 30 June: Wall Street Extends Gains and Europe Rises to Close the First Half
- Market Wrap US-Europe 1 July: Wall Street and Europe Slip to Start the Second Half as Warsh Keeps a Firm Line on Inflation