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Month: September 2024

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…

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…

France, US alarmed at deteriorating conditions in Mideast

France and the United States on Thursday expressed concern at the deteriorating conditions in the Middle East and urged the stakeholders to resort to calm.

French Foreign Minister Stephane Sejourne said after meeting the visiting US Secretary of Sta…

Kuwait oil price up 17 cents to USD 74.71 pb

The price of Kuwaiti oil went up by 17 cents to USD 74.71 per barrel on Wednesday as opposed USD 74.54 pb the day before, said the Kuwait Petroleum Corporation (KPC) on Thursday.

The price of the Brent crude and West Texas Intermediate went down res…

US uncovers evidence on foreign threats to upcoming elections

The United States uncovered new evidence implicating foreign influence on upcoming presidential elections, slated for November 2024.

In a senate hearing on foreign threats, late Wednesday, Senator Mark Warner spoke of Iranian, Russian and Chinese at…

Kuwait Amir Representative, Crown Prince to New York for 79th UNGA

Representative of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah and the accompanying delegation left Kuwait on Thursday, heading to New York to attend the 79th UN G…