Central Bank of Kuwait (CBK) announced a 25 basis point reduction in the benchmark discount rate to four percent from 4.25 percent.
The new discount rates will be effective tomorrow, Thursday.
CBK Governor Basel Al Haroon told the Kuwait News Agency…
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, led by …
Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the US Federal Reserve lowers borrowing costs this week, as is widely expected.
Brent crude futures gained 95 cents, or 1.3%, to se…
The US Federal Reserve slashed the targeted range of the benchmark interest rate, for the first time since March 2020, by 0.5 percent to 4.75 to 5 percent, prodded by the inflation’s progress towards the two-percent goal.
“In light of the progress o…
Qatar Credit Bureau participated in the 18th Arab Credit Information Committee meeting which was recently held in Abu Dhabi, United Arab Emirates.
The Arab Credit Information Committee, whose secretariat is held by the Arab Monetary Fund, is a specia…
US stocks closed nearly unchanged on Tuesday.
The S and P 500 gained 1.52 points, or 0.04%, to end at 5,634.61 points, while the Nasdaq Composite gained 34.82 points, or 0.20%, to 17,626.95.
The Dow Jones Industrial Average fell 5.19 points, or 0.01…