UAE, Saudi and Bahrain cuts the interest rates

Saudi Arabias national bank said on Wednesday it had sliced key loan fees to save money related soundness, after the Federal Reserve brought down US financing costs without precedent for over 10 years. The national banks of the United Arab Emirates and Bahrain likewise cut their benchmark loan fees, however the Kuwaiti national bank kept its key strategy rate unaltered. Dissimilar to other Gulf national banks whose monetary standards are pe....