Feds

Oil Updates – prices fall on demand fears over Fed’s rates path

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RIYADH: Saudi Arabia’s new airline, Riyadh Air, is set to unveil its cabin crew special uniform at the upcoming Paris Fashion Week, according to its CEO. On the sidelines of this year’s Future Aviation Forum in Riyadh, Tony Douglas, CEO of Riyadh Air, shared in an interview with Arab News a series of strategic developments that … Read more

GCC central banks keep interest rates unchanged, mirroring Fed’s move    

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RIYADH: Lebanon’s steep economic distress has led US-based Moody’s Investors Service to uphold its rating to “C” in light of its bondholders’ losses likely to exceed 65 percent.  According to Moody’s, the rating reflects the losses incurred due to Lebanon’s ongoing default since March 16, 2020.  The country has steeped in an economic, financial and … Read more