Tel Aviv - Ma'an - The Bank of Israel kept interest rates unchanged on Monday for the fourth consecutive meeting, maintaining its cautious policy due to the nine-month war that Israel has been waging on the Gaza Strip, as well as stable inflation. The bank kept its benchmark interest rate at 4.50%. The bank had cut interest rates by 25 basis points in January after inflation fell and economic growth was hit by the war on Gaza, but kept policy unchanged in February, April and May. Source: Maan News Agency
Related Articles
MSX Gains 35 Points in Today’s Trading Session
Muscat: Muscat Stock Exchange “30” index closed today’s trading session at 5325.62 points, rising by 35.9 points or 0.68 percent compared to the previous session’s close of 5289.69 points.
According to Oman News Agency, the trading value reached RO 6…
Abraj Energy Services Signs Contract to Supply Drilling Rig in Block 61
Muscat: Abraj Energy Services has signed a contract with BP Oman to supply a drilling rig in Block 61, with operations expected to commence in Q4 2025. The agreement was signed on the sidelines of the Oman Petroleum and Energy Show (OPES) and Oman Sus…
Oman and Russia Explore Economic and Investment Opportunities
Moscow: A delegation from Oman Chamber of Commerce and Industry (OCCI) is currently visiting the Russian Federation to participate in the Moscow-Oman Business Forum. The meetings are aimed at enhancing economic and investment cooperation between the t…