CRRC inks deal for UAE railway trains

CRRC Qingdao Sifang Co Ltd, a Shandong province-based subsidiary of China Railway Rolling Stock Corp, is due to supply diesel multiple unit passenger trains to Etihad Rail of United Arab Emirates, …

UAE raises base rate by 25 basis points

ABU DHABI, 1st February, (WAM) — The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points – from 4.4% to 4.65%, …