Business
Greek PM calls for global maritime truce after Greek ship sunk in drone attack
By Marcus Chen
GCC central banks hold rates after Fed keeps benchmark unchanged
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Thursday, October 29, 2026 at 8:52 AM · 1 min read
RIYADH: Central banks in the UAE, Qatar and Bahrain have kept interest rates unchanged, following the US Federal Reserve’s decision to hold its benchmark rate steady. The Fed’s rate-setting committee voted 10-2 to keep its benchmark rate in the 3.75 to 4 percent range. Gulf central banks tend to move in step with Washington because most regional currencies are pegged to the US dollar. “The Committee decided to maintain the target range for the federal funds rate at 3-3/4 to 4 percent, in suppor
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