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- Oman's central bank issues treasury bills worth OMR8mn
- CI affirms Oman's sovereign ratings at BBB-; outlook remains positive
- Qatar Financial Markets Authority adopts new corporate identity
- QSE index drops 32.62 points at market open
- Petro Rabigh Unveils Bold Restructuring Plan to Address $1.9 Billion in Losses
- Dollar Hits Lowest since end-July
- Oman's Bank Nizwa rolls out e-mandate service for direct debit
- Oman's National Finance launches sustainable finance solutions
- $1 trillion investment pipeline reshaping Saudi urban, economic landscape
- Saudi Awwal Bank becomes first bank in MEA and 42nd entity globally to achieve ISO 20400
02/09/2025 03:47 AST
U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had "made a lot of mistakes" and defended President Donald Trump's right to fire Fed Governor Lisa Cook over allegations of mortgage fraud.
Trump has criticised the Fed and its chair, Jerome Powell, for months for not lowering interest rates, and recently took aim at Powell over a costly renovation of the bank's Washington headquarters.
"The Fed should be independent. The Fed is independent, but I, I also think that they've made a lot of mistakes," Bessent told Reuters in an interview at a diner in suburban Washington.
Reuters
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
02/09/2025
Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, a Syrian energy official told Reuters, the first known official export of Sy
Reuters
01/09/2025
Iraqi Prime Minister Mohammed Shia Al Sudani met in Baghdad with a group of Turkish businessmen, heads, and representatives of 17 firms operating actively in a variety of fields and sectors.
QNA
29/08/2025
Egypt recorded its highest level of dollar resources in its history in July, amounting to approximately $8.5 billion, reflecting the improved performance of the country's economic indicators.
Arab News
29/08/2025
Federal Reserve Governor Lisa Cook filed a lawsuit on Thursday claiming US President Donald Trump has no power to remove her from office, setting up a legal battle that could reset long-established n
Khaleej Times
27/08/2025
Bitcoin's record-breaking rally has hit turbulence. A day after the world's largest cryptocurrency plunged from $114,780 to $110,484, it sank as low as $108,719 in early Tuesday trading, triggering m
Gulfnews
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