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Gulf Central Banks Follow Fed Cut
Saudi Central Bank Cuts Key Interest Rates Following Fed's Lead
Saudi Arabia's central bank cut its repo and reverse repo rates by 50 basis points to 5.50% and 5.0%, respectively. The move aligns with the Federal Reserve's decision to reduce U.S. interest rates by half a percentage point.
Saudi central bank cuts rates by 50 bps – statement
CAIRO/DUBAI - Saudi Arabia's central bank, also known as SAMA, cut its Repurchase Agreement (repo) rate by 50 basis points (bps) to 5.50% on Wednesday, according to a statement, and its reverse repo rate also by 50 bps to 5.0%.
Gulf central banks respond to US Fed rate decision with their own cuts
Rate cuts align with Fed policies as Gulf currencies are mainly pegged to US dollar, except for Kuwait's dinar
1d
on MSN
Egypt PM says Saudi's planned $5 billion investment independent of cenbank deposit
Egypt's Prime Minister Mostafa Madbouly said on Thursday that a planned Saudi Arabian investment of $5 billion in Egypt is ...
Money Metals Exchange
8d
Saudi Central Bank Caught Secretly Buying 160 Tonnes of Gold in Switzerland
Evidence suggests the Saudi central bank has been covertly buying 160 tonnes of gold in Switzerland since early 2022, ...
Zawya
9d
Saudi Arabia’s banks see continued growth in loans & advances, deposits, and profitability in second quarter
Loans & Advances (L&A) increased by 3.2 percent QoQ, driven by corporate/wholesale banking. Banks looking at an interest rate ...
Anadolu Ajansi
16d
Türkiye, Saudi central banks sign agreement to foster cooperation
Memorandum of understanding aims to boost cooperation between 2 countries' central banks, says statement - Anadolu Ajansı ...
Arabian Business
15d
24 Fintech: Saudi Arabia sees $213m of investments on Day 2 of Riyadh conference
Day two of the 24 Fintech Conference saw investments of more than SR800m ($213m). The major Fintech event, held at the Riyadh ...
devdiscourse
4d
Saudi Arabia's $5 Billion Investment in Egypt: A New Era of Economic Partnership
Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public Investment Fund to invest $5 billion into Egypt. This ...
iafrica
2d
Saudi Crown Prince Invests $5 Billion in Egypt
The Egyptian cabinet announced on Monday that Saudi Crown Prince Mohammed Bin Salman has directed the Saudi Public Investment ...
newarab
3d
Egyptian cabinet says Saudi Crown Prince MbS told PIF to pump $5b into Egypt as 'first stage'
The Egyptian cabinet's statement came after Prime Minister Mostafa Madbouly met the Saudi crown prince in Riyadh and ...
اخبار 24
2d
SAMA slashes reverse repo, repo rates by 50 bps
The Saudi Central Bank (SAMA) reduced today, Sept. 18, its reversereporateby50basis points (bps) to 500bps (5.00%) from ...
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