Saudi Arabia and the world
Sunday, Oct 02, 2022
The World in the Heart of the Kingdom
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Saudi Arabia's central bank raises key interest rate by 75 basis points
The Saudi Central Bank (SAMA) raised on Wednesday its reverse repo rate by 75 basis points (bps) to 325 bps from 250 bps. It also lifted its repo rate to 375 bps (3.75%) from 300 bps.
The US Federal Reserve raised target interest rate to a range of 3%-3.25%, from 2.25% and 2.50% previously.
This recent rate hike is the fifth this year, as the central bank raised rates in March, May, June and July.
SAMA follows the interest rate moves of the US Federal Reserve due to the Riyal-US dollar peg.
Iraqis gather in Baghdad to mark anniversary of 2019 anti-government protest
Hundreds of Iraqis gathered in Baghdad’s central Tahrir square on Saturday to mark the anniversary of anti-government unrest that erupted in 2019, amid tight security and prolon...
Apple Executive Resigns After Viral TikTok Shows Him Making Crude Jokes
"I race cars, play golf and fondle big-breasted women," Tony Blevins said in a now-viral TikTok. What a wanker…
Iranian city goes into blackout after IRGC intelligence chief killed in clashes
Communication services were down in the southeastern Iranian city of Zahedan on Saturday, after a senior Islamic Revolutionary Guard Corps commander was killed in clashes.
Doubling down on stupidity
US Vice President Kamala Harris makes a gaffe at a speech in the DMZ when she described “a strong and enduring alliance with the Republic of North Korea”. I wonder if she just r...
Lebanon reviews US proposal to demarcate maritime borders with Israel
The US ambassador to Lebanon on Saturday delivered a maritime border demarcation proposal to President Michel Aoun, caretaker Prime Minister Najib Mikati and Parliament Speaker ...
Bitcoin in crosshairs as EU goes after non-green crypto
Energy labels, climate disclosures and minimum standards could engulf the industry in the coming years.
Iraq PM condemns Iran attacks on Kurdistan, calls on forces to maintain security
Iraqi ministers on Saturday condemned an Iranian drone bombing campaign targeting bases of an Iranian-Kurdish opposition group in northern Iraq on Wednesday, which killed at lea...
Apple blocks Russian social media and communication sites, removing them from the app store
U.S. tech company Apple Inc. frustrated Moscow this week after its top social networking and communications sites were removed from the app store, blocking "millions" from futur...
Kuwait calls on international community to nudge Israel join NPT
Kuwait has urged the international community to push Israel to join the Nuclear Non-proliferation Treaty and allow the International Atomic Energy Agency’s experts to examine it...
Elon Musk texted with Jack Dorsey not long before the $44 billion offer
Elon Musk exchanged text messages with Twitter co-founder Jack Dorsey a few weeks before he made his $44 billion offer to buy Twitter, a court filing showed Thursday.
Saudi Arabia re-elected member to ICAO council
Saudi Arabia was elected to the membership of the Council of the International Civil Aviation Organization until 2025 during voting at the ICAO 41st general assembly in Montreal...
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