AgenciesThe rise in prices was mainly driven by an 8.6% jump for housing, water, electricity, gas and other fuels and a 1.4% increase in food and beverages, the General Authority for Statistics said.
Prices of housing, water, electricity, gas and other fuels were up 0.3% from June, when it notched a 9.1% annual rise. Food and beverage prices were 0.4% higher compared to June.
Prices for clothing and footwear dropped 3.9% in July from a year earlier, easing 0.8% from June. Furnishings, household equipment and maintenance fell 2.5% year-on-year and 0.3% from June.
Inflation in Saudi Arabia has been on a downward trend since starting the year at a rate of 3.4% in January.
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Sebi Seeks 15 More Days From SC for Adani ReportThe Securities and Exchange Board of India (Sebi) on Monday asked the Supreme Court for another 15 days to complete its investigations and submit a status report on the allegations made by US short-seller Hindenburg Research against the Adani Group.
Veggies on Boil, July Retail Inflation at 15-mth High of 7.4%Retail inflation shot up more than expected to a 15-month high of 7.4% in July as soaring vegetables fired consumer food inflation to 11.5%, the highest since January 2020.
Dunzo Holds Talks with Debt Investors to Rejig Credit TermsFinancially stressed quick commerce startup Dunzo has held talks with its debt investors to restructure the terms of the credit so that the company can avail some of its cash lying in the bank to clear pending dues to vendors and staff salary arrears stretching to two months, sources aware of the discussions said.
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