US rate hikes: How is the UAE affected?

In line with the Fed’s decision, the UAE Central Bank, as well as other central banks in the GCC whose currencies are pegged to the US dollar, have also left their rates unchanged. However, as is the norm, they will follow the US central bank’s rate hikes should the Fed increase its rates later this year.

Gambit wins Majid Al Futtaim

Gambit Communications has announced its win of the Majid Al Futtaim (MAF) Shopping Malls and Majid Al Futtaim Entertainment accounts.  As the retail giant’s new public relation agency, Gambit will …