DUBAI: Robert De Niro’s publicist has shut down a rumor that a video clip widely shared online shows the 80-year-old actor confronting pro-Palestinian protesters in New York.

The 34-second clip has been shared on social media with the caption: “Robert De Niro stands with Israel!”

But publicist Stan Rosenfield told CNN that the Hollywood veteran was actually rehearsing a scene for his upcoming series in which he plays a former president.

“What you saw was a direct scene from the Netflix series ‘Zero Day,’ with Robert De Niro reading lines as written in the script,” he said.

The video was shot on the streets of New York on Saturday and in the clip, De Niro’s character was confronting a crowd of people, he said.

“Someone copied the post and fabricated an entirely different and bogus meaning,” he said.

Netflix supported the story, according to a report by Just Jared.

In the clip, De Niro yells at the crowd: “This is not a movie! This is not a movie! Move behind the barricade. You like talkin’ nonsense? Then you gotta go home!

“That’s dangerous and they say they’re gonna do it again! Again! You don’t want that. You don’t want that. None of us want that. C’mon. Let’s all get serious.”

The footage was shared by various pro-Israel accounts on social media with some claiming the words “They say they’re gonna do it again” were a reference to the Hamas attack on Israel on Oct. 7.
 

RIYADH: Gulf Cooperation Council central banks have held interest rates steady for the sixth time as the US Federal Reserve keeps its benchmark level between 5.25 percent and 5.50 percent.    

As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington, with policymakers opting to lock the rate at the level it has been since July.  

The freeze comes as the rate-setting panel cites “a lack of further progress toward the committee’s 2 percent inflation objective.”   

Vijay Valecha, chief investment officer at Century Financial, told Arab News: “This decision marks the sixth consecutive time that the central bank has chosen to keep rates unchanged. Market expectations have adjusted, now forecasting only one rate cut by year-end compared to the six anticipated at the beginning of 2024.”  

He added: “The monetary policies of most central banks in the GCC countries, including the UAE, Saudi Arabia, Bahrain, Oman, and Qatar, typically mirror those of the Fed due to their currencies being pegged to the US dollar. Kuwait is the exception in the bloc, as its dinar is linked to a basket of currencies.”  

Valecha continued by stating that as a result, interest rates in GCC markets are also anticipated to remain stable in the near future, which bodes well for the profitability of GCC banks. 

This decision implies that the Saudi Central Bank, also known as SAMA, will maintain its repo rates at the current level of 6 percent.    

The UAE central bank, along with Kuwait, Qatar, Oman, and Bahrain, also mirrored the Fed’s move. 

Repo rates, which represent a form of short-term borrowing primarily involving government securities, underscore the close economic ties and financial dynamics between the GCC countries and the global economic landscape, particularly the US.          

The US central bank also stated that it “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.”  

This indicates that rate cuts are not on the cards anytime soon, until inflation cools down and moves sustainably toward the 2 percent target set by the US Fed.