Middle East Business News - Published date: Friday January 03, 2025.

The economy’s main rate is its seven-day reverse repo rate, which it last cut from 1.7 percent to 1.5 percent in late... Read more

Middle East Business News - Published date: Thursday December 19, 2024.

Incoming president Trump's policy agenda on tariffs and taxes looms over the Fed's outlook, though Fed chair Powell cal... Read more

Middle East Business News - Published date: Thursday December 19, 2024.

The new rate will be effective from December 19 Read more

Middle East Business News - Published date: Friday November 15, 2024.

Powell’s remarks prompted traders to pare back expectations for a December rate cut Read more

Middle East Business News - Published date: Wednesday November 06, 2019.

Financial markets have been dialling back on risk on two fronts: US-China trade and Brexit Read more

Middle East Business News - Published date: Thursday October 31, 2019.

Kuwait lowers borrowing costs for the first time since 2012 in response to US Federal Reserve's decision Read more

Middle East Business News - Published date: Monday October 28, 2019.

As the Fed is widely expected to deliver another cut, Kuwait is likely to pull the trigger too, even as inflation accele... Read more

Middle East Business News - Published date: Monday October 28, 2019.

Before Draghi has even left the bank's Frankfurt headquarters, attention is switching to Lagarde, a French former econom... Read more