Browsing Category
Financial Institutions
EU to suspend Israel trade concessions, halt 2025–2027 allocations
The European Commission has proposed on Wednesday suspending certain trade-related provisions of the Association…
Egypt, Spain sign 1st development partnership agreement to boost ties
Egypt and Spain signed on Thursday a landmark development partnership agreement during King Felipe VI’s historic…
UAE cuts base rate by 25 bps
The Central Bank of the UAE (CBUAE) reduced its Base Rate for the Overnight Deposit Facility by 25 basis points,…
Oman cuts repo rate by 25 bps
The Central Bank of Oman (CBO) reduced its repo rate for local banks by 25 basis points to 4.75 per cent, effective…
Bahrain cuts overnight deposit rate by 25 bps
The Central Bank of Bahrain (CBB) reduced its overnight deposit rate by 25 basis points to 4.75 per cent, effective…
Kuwait cuts discount rate by 25 bps
Kuwait’s Central Bank cut the discount rate by 25 basis points to 3.75 per cent, effective Thursday, in response to…
S. Arabia cuts rates by 25 bps
The Saudi Central Bank (SAMA) has lowered the Repurchase Agreement (Repo) rate by 25 basis points to 4.75 per cent…
Qatar cuts key interest rates by 25 bps
Qatar’s central bank (QCB) has reduced its key interest rates by 25 basis points, effective Thursday.
US Federal Reserve cuts interest rate by quarter point
The US Federal Reserve lowered its target range for the federal funds rate by 1/4 per cent to 4 to 4‑1/4 per cent…
Egypt boosts investment climate with EBRD support
Egypt’s Investment and Foreign Trade Minister Hassan El-Khatib met on Wednesday with a delegation from the European…