Beijing, China's central bank conducted 182 billion yuan (about 25.96 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent Sunday. The move aims to keep liquidity in the banking system reasonable and ample at the end of the quarter, the central bank said. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future, Xinhua News Agency reported. Source: Bahrain News Agency
Aramco F4 Saudi Arabian Championship 2026 Begins in One Week
Jeddah:Just seven days remain until the third season of the FIA-certified Aramco F4 Saudi Arabian Championship kicks off at Jeddah Corniche Circuit. The opening round is scheduled for October 1-3.
According to Saudi Press Agency, the event is organi…