WASHINGTON: The US Federal Reserve decided in its meeting today to keep its benchmark overnight interest rate in the 5.25-5.50 percent range, their highest levels since 2001. This is the eighth time that the US Federal Reserve has fixed interest rates since the start of the monetary policy tightening cycle in March 2022. Source: Emirates News Agency
RECENT POST
Egypt and UAE Discuss Expanded Oil and Gas Drilling Program
August 23, 2026
Oman’s Public Revenues Rise 13% to Reach OMR6.6 Billion
August 23, 2026