BoE hikes rate, 14th time in row on high inflation
LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to 5.25 percent as UK inflation stays high, prolonging a cost-of-living crisis.
LONDON: The Bank of England on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to 5.25 percent as UK inflation stays high, prolonging a cost-of-living crisis.
BEIRUT, Aug 3 (KUNA) -- Lebanon is able to have "robust" economic growth if it adopts drastic financial and economic reforms, Kuwait's top banker said on Thursday.
KUWAIT, Aug 3 (KUNA) -- Kuwait's Mezzan Holding Company announced on Thursday profits of KD 5.9 million (around USD 19.4 million) in the first half of this year, up 215 percent compared with the corresponding period of last year.
BEIRUT, Aug 3 (KUNA) -- Lebanon on Thursday hosted a gathering bringing together businessmen and bank officials from across the wider Arab region, allowing the two sectors a viable opportunity to explore greater cooperation.
LONDON, Aug 3 (KUNA) -- The Bank of England (BoE or the central bank of UK) on Thursday, increased the interest rate by 0.5 to reach 5.25 percent, for the 14th time since December 2021 to help slow down inflation rates that reached 7.9 percent.
By Mohammad Al-Mutairi KUWAIT, Aug 3 (KUNA) -- Acting Director General of Kuwait Fund for Arab Economic Development Walid Al-Bahar said that the unprecedented global consensus in support of Kuwaiti right is due to the Kuwait foreign policy.
KUWAIT, Aug 3 (KUNA) -- Shamal Az-Zour Company reaped KD 6.4 million (USD 19.5 million) worth of profits in H1 2023 vis a vis KD 7.2 million (USD 21.9 million) in the same period of the past year.
KUWAIT: Gulf Bank held its investors webcast on Tuesday (Aug 1) to present and discuss the bank’s financial performance for H1-2023.
ABUJA: Hundreds of Nigerian workers across various sectors were on strike Wednesday over the rising cost of living following the removal of subsidy on petrol.
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