Business

Australia’s Central Bank Raises Cash Rate to 15-Year High

Sydney:The Reserve Bank of Australia (RBA) has increased its cash rate target by 25 basis points to 4.6% from 4.35%, marking the highest borrowing costs in 15 years as efforts intensify to address persistent inflationary pressures.

According to Qata…

Jordanian Remittances Key Driver of Economic Stability

Amman:The inflow of remittances from Jordanians working abroad is a significant factor in reinforcing the country’s economic stability, contributing to foreign currency reserves, and supporting the economy’s resilience against shocks.

According to Q…

Qatar Takes Part in Arab Central Banks Governors’ Meeting

Abu Dhabi:The State of Qatar participated in the 50th Ordinary Session of the Council of Arab Central Banks and Monetary Authorities’ Governors and a high-level workshop on “Macroeconomic Resilience amid Geopolitical Disruptions” held in Abu Dhabi, Un…