Saudi Arabia's Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent. A statement from the bank said the move comes in line with its goal of maintaining monetary stability. Source: Qatar News Agency
Earthquake of Magnitude 5.9 Hits Indonesia’s Flores
August 17, 2026
Abu dhabi: An earthquake of magnitude 5.9 struck Indonesia’s Flores region Monday, the German Research Centre for Geosciences said. The