The Central Bank of Kuwait (CBK) on Wednesday decided to raise the discount rate by 0.25 percent from 4.0 percent to 4.25 percent effective July 27, 2023.The decision is part of the CBK’s efforts to maintain monetary and financial stability, enhance th…
France on Wednesday “strongly” condemned the turn of events in Niger, where President Mohamed Bazoum was held by security guards in the Presidential palace in an incident African leaders have described as an “attempted coup.” Paris condemns any attempt…
The European Union Wednesday said that it is following with “great concern” the events taking place in Niamey following a mutiny by part of the presidential guard at the residence of President Mohamed Bazoum.”At this time, the situation remains tense,”…
The Saudi Central Bank (SAMA) decided to raise the rate of Repurchase Agreement (Repo) by 25 basis points to 6.00 percent, and the rate of Reverse Repurchase Agreement (Reverse Repo) by 25 basis points to 5.50 percent. These decisions are in line with …
The Kingdom of Saudi Arabia was ranked sixteenth in annual container throughput by the 2023 edition of the Lloyd’s List One Hundred Ports, steadily improving on the 24th position it occupied last year.The Minister of Transport and Logistics Services an…
The Vice Minister of Foreign Affairs, Eng. Waleed bin AbdulKarim El-Khereiji, received here today Juraj Koudelka, the outgoing Ambassador of the Czech Republic to the Kingdom.During the meeting, Eng. El-Khereiji bid farewell to Ambassador Koudelka at t…