Business

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…

AAIA: Cathay Airbus defects could cause major damage

The engine defect in the Airbus A350 plane that led to the cancellation of dozens of Hong Kong-based Cathay Pacific Airways’ flights in early September could have escalated into “extensive damage,” public broadcaster Radio Television Hong Kong report…

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…