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…

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Border Guards Rescue Two Swimmers in Jeddah

The Border Guard search and rescue teams in Jeddah Governorate have rescued two citizens from drowning while swimming. The rescued individuals were provided with immediate assistance and first aid.

The General Directorate of Border Guard urged vacat…

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Oil Prices Rise After US Interest Rate Cut

Oil prices rose on Thursday after a large interest rate cut from the US Federal Reserve, but concerns over global demand lingered and capped gains.

Brent crude futures for November were up 36 cents, or 0.5 percent, to USD 74.01 a barrel, while WTI cr…

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