The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%. This comes following a review by CBB to maintain the kingdom's monetary and financial stability in the light of global financial market developments.
The UAE's Defaulted Debts Settlement Fund, in cooperation with several UAE banks, has waived more than AED834 million ($227.09 million) in interest accrued on loans owed by 2,339 low-income retirees across the country.
