Saudi Arabia’s Voluntary Carbon Market Fuels the Shift to a Low-Carbon
Under UAE President’s directives, UAE launches urgent relief response for Ghana flood victims
Combating Desertification and Drought: Qatar a Model in Preserving Natural Resources, Establishing Environmental Stability
UAE allocates US$30 million for emergency humanitarian response in El Obeid, calls for civilian protection, safe humanitarian aid access in Sudan
Berlin, June 11 (QNA) – The European Central Bank (ECB) raised its deposit rate by 0.25 percentage points to 2.25 percent today, marking its first increase in nearly three years.
The bank hopes this move will help curb inflation before the sharp rise in energy costs, stemming from the conflict in the Middle East, spreads more widely across the eurozone economy.
The ECB also raised the interest rate on its main refinancing operations to 2.4 percent and the marginal lending facility rate to 2.65 percent. (QNA)
