UAE, Saudi Arabia, Bahrain mirror Fed decision to raise interest rates; Egypt's CBE to convene Thursday

Wed, 01 Feb 2023 - 09:43 GMT

Qatar, on the other hand, kept its interest rate unchanged.

US Federal Reserve raises key interest rate to 1.75-2%

Wed, 13 Jun 2018 - 10:00 GMT

The US Federal Reserve raised the benchmark lending rate, the second increase of the year, and signaled two more hikes were coming in 2018 and four in 2019

US fines Deutsche Bank $41 mn over money laundering violations

Wed, 31 May 2017 - 12:23 GMT

The US Federal Reserve fined German financial giant Deutsche Bank $41 mn over failures to screen billions of dollars in potentially suspicions transactions.