Manama, The Central Bank of Bahrain (CBB) has decided today to raise its key policy interest rate. CBB’s key policy interest rate on the one-week deposit facility is raised from 1.25% to 1.75%. The CBB has also decided to raise the overnight deposit r…
Kuwait Central Bank raised discount rate to 2.00 percent
Kuwait, The Central Bank of Kuwait (CBK) has today raised the discount rate from 1.75 percent to 2.00 percent effective May 5. A CBK press release said as part of the Bank’s vigilant monitoring of domestic and international economic and geopolitical d…
Fed raises key rate by a half-point in bid to tame inflation
Washington, The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rat…
Bahrain-Italy cooperation discussed
Rome, Bahrain’s Ambassador to Rome Dr. Nasser Mohammed Al-Belushi, met remotely with the Italian Foreign Ministry Undersecretary Manlio Di Stefano. The meeting was also attended by the Regional Director of the Economic Development Board in the Italian …
Airbus posts 1.2 billion euro profit; will build more A320s
Paris, Airbus said Wednesday that earnings in the first three months of 2022 rose to 1.22 billion euros ($1.28 billion), helped by an increase in aircraft deliveries as airlines recover from the worst of the pandemic. Revenue rose 15% from a year earli…
UAE Central Bank raises Base Rate by 50 basis points
Abu Dhabi, The UAE Central Bank has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 basis points, effective from Thursday, 5th May 2022. This decision was taken following the US Federal Reserve Board’s announcem…