Saudi Arabia’s Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent.
A statement from the bank said the move
The Qatar International Centre for Conciliation and Arbitration (QICCA) at the Qatar Chamber has launched a new package of electronic services via its website.
This comes in the context of QICCAs strategy to enhance its digital infrastructure and pro…
European stock indices closed lower Wednesday as investors avoided risk ahead of the US interest rate decision that could mark the start of a monetary easing cycle in the world’s largest economy.
The European Stoxx 600 index fell 0.5 percent,
Gold prices were flat on Wednesday as investors weighed chances of an outsized interest rate cut by the Federal Reserve later in the day.
Spot gold was little changed at $2,571.28 per ounce. Bullion rose to a record high of