Latest News
Saudi Central Bank cuts Repo rate by 50 bp to 5.5 pct
The Saudi Central Bank, in line with its objective of preserving monetary stability, decided Wednesday to reduce the rate of Repurchase Agreement (Repo) by 50 basis points to 5.5 percent.
The rate of Reverse Repurchase Agreement (Reverse Repo) was a…
Bank of England holds interest rate at five pct
The Bank of England on Thursday kept interest rates steady at five percent, a month after cutting them for the first time since March 2020.
The Monetary Policy Committee (MPC) of the central bank said in a statement that eight of its nine members vo…
Turkiye: Central bank steadies interest rate at 50 percent
The Turkish Central Bank decided on Thursday to keep the interest rate AT 50 percent for the sixth month in a row declaring vigilance vis a vis the inflation but stoppING short of indicating whether it would ultimately stiffen the monetary policy.
T…
US mortgage rates continue to decline
The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, said the mortgage rates have been sliding down towards a record low since the start of the last year thanks to improvement of economy and low interest rates.
“Mortgage rates …
AAIA: Cathay Airbus defects could cause major damage
The engine defect in the Airbus A350 plane that led to the cancellation of dozens of Hong Kong-based Cathay Pacific Airways’ flights in early September could have escalated into “extensive damage,” public broadcaster Radio Television Hong Kong report…
Pres. Biden extends national emergency against terrorism beyond Sept 23
US President Joe Biden decided to extend for one year beyond September 23, 2024, the national emergency with respect to persons who commit, threaten to commit, or support terrorism. The President declared, by Executive Order 13224, on September 23, 2…
EU deplores new wave of communication device blasts in Lebanon
High Representative of the European Union Josep Borrell deplored Thursday the walkie-talkie attack that took place in Lebanon yesterday.
In a statement by EU’s mission in Lebanon, Borrell stated, “The indiscriminate method used is unacceptable due t…
Amb. Al-Bannai: High participation in the 79th UN General Assembly session
Kuwait’s Permanent Representative to UN Ambassador Tariq Al-Bannai affirmed on Thursday that the noticeable increase of participation in the 79th UN General Assembly represents the true position of the organization in facing difficult challenges.
Re…
US, UAE leaders to meet in Washington on Monday
US President Joe Biden will receive his UAE counterpart Sheikh Mohammad bin Zayed Al Nahyan on Monday to discuss several files, including the war in Gaza.
They will discuss a host of issues, including the wars in Gaza and Sudan, during bin Zayed’s f…
White House warns against escalation of conflict in Lebanon
White House National Security Communications Advisor John Kirby affirmed that the United States was not involved in the explosions of electronic devices in Lebanon in the last couple of days.
In a White House press briefing on Wednesday, Kirby said,…
