September 18, 2024

Saudi Central Bank Slashes Rates by 50 bps

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 wi…

Qatari Diar, QNB Sign Deal to Finance Huzoom Lusail Purchase

Qatari Diar has signed a strategic agreement with Qatar National Bank (QNB) Group to offer land loans for Huzoom Lusail project purchasers.

Under this agreement, investors and buyers will find flexible financing solutions to buy plots at one of the m…