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September 19, 2024

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…

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…