Business

UK’s public debt rises to 100 pct

– The UK’s public debt rose to 2.9 trillion sterling (USD 3.86 trillion) by the end of August, making up 100 percent of the country’s annual economic output, according to official statistics released Friday.

The public debt, including that of the Ba…

Saudi Al-Ahsa Dates Auction ropes in investors, visitors

Photo feature by Khaled Al-Shammari RIYADH, Sept 20 (KUNA) — The 2024 Al-Ahsa Dates Auction is a renowned festival that draws investors and visitors from within the Kingdom of Saudi Arabia and around the world.

The annual festival, which lasts unti…

Japan’s central bank maintains interest rate

Japan’s central bank on Friday kept its policy rate unchanged, while downgrading its assessment of the country’s economy.

At the end of a two-day policy meeting, Bank of Japan’s (BOJ) Governor Kazuo Ueda and his eight board colleagues agreed to keep…

Egypt, Qatar mull boosting economic relations

Minister of Planning, Economic Development, and International Cooperation Rania el-Mashat on Friday 20/9/2024 hailed strong and distinguished relations between Egypt and Qatar, marked by mutual coordination.

Source: State Information Service Egypt

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…