Gasoline prices jumped in January, leading overall consumer prices higher and offering a reminder of the risks energy costs pose to the economic recovery.
Despite the warning signal, overall consumer prices rose just 0.2 percent, the Labor Department said on Friday, which is unlikely to ring alarm bells at the Federal Reserve.
Strong jobs and factory data have eased worries U.S. economic growth could slow sharply, but tensions between Western nations and Iran still threaten to hand the economy a repeat of 2011 when a spike in energy prices hit the recovery hard.
Saudi Arabia debuting at World Travel Market
World Travel Market, the leading global event for the travel industry, is delighted to welcome representation from Saudi Arabia onto the exhibition floor for the first time this year, as the Saudi go
Dubai’s realty sector witnesses growth
The momentum in Dubai’s real estate sector has been witnessing acceleration with the every passing day as developers announcing a wide range of real estate projects to target different segments of th
MSM index ends higher
Buying interest in Renaissance Services pushed the index higher at 7340.29 points, up by 0.26 per cent. MSM Shariah Index closed at 1070.88 points, down by 0.14 per cent. Renaissance Services was the