The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 per cent.
UAE Central Bank holds rates steady following Fed lead
The UAE Central Bank kept its benchmark interest rate steady, following the US Federal Reserve’s move to maintain its policy rate for the third consecutive time this year amid a slowing economy and a …
Bank ABC in deal to fund Majid Al Futtaim solar power projects
Enec partners with Canadian nuclear group for IMSR plant development; Nextracker hits 10-GW milestone in MEA solar power markets; Besix, Hitachi Zosen Innova in Dubai waste manage …
UAE Follows US Federal Reserve To Leave Rates Unchanged
The Federal Reserve on Wednesday left interest rates unchanged for a third straight time at 5.25 per cent to 5.5 per cent, as inflation heads toward …
Dubai’s economy shows ‘strong upwards trend’
Operating conditions in the Dubai non-oil private sector economy improved sharply in the penultimate month of the year, despite the rate of growth softening from October, analysts at S&P Global said.
The biggest takeaways from COP28, the UN climate conference in Dubai
Nearly 200 nations have agreed to transition away from fossil fuels, in a landmark consensus touted to drastically accelerate climate action.
Iraq, UAE to finance trade exchange in UAE dirham
The Central Bank of Iraq (CBI) revealed on Wednesday that Iraq and the UAE agreed to finance trade exchange and imports in UAE dirham.
Oman Arab Bank and First Carbon Investments sign MoU
Muscat, Oman – Oman Arab Bank (OAB) and First Carbon Investments (FCI) announced the signing of a Memorandum of Understanding (MoU) to accelerate the deployment of new clean technologies in MENA. The …
noqodi partners with Napier to secure Digital Payments in the UAE
Napier, the London-based financial crime compliance RegTech, is pleased to announce it has been selected as the anti-money laundering (AML) platform f …
CoinMENA FZE Receives a VASP License for VA Broker-Dealer Services from Dubai’s Virtual Assets Regulatory Authority (VARA)
CoinMENA B.S.C (c) has, to this point, been serving clients in the UAE from its base in Bahrain. With the award of the VARA license, CoinMENA FZE can now serve clients from its Dubai Head Office and …
UAE Self-sponsored visas: how to live in Dubai without working
The holder can work for themselves, or another company (local or otherwise) without the need for individual sponsorship. Unlike the standard residency visa, the UAE golden visa permits holders to …
ICAEW: UAE GDP set to double in 2024 from oil and non-oil boost
The UAE’s GDP is expected to double in 2024 to 4.8%, up from 2.4% year-on-year in 2023, according to the latest Economic Insight report commissioned by ICAEW and compiled by Oxford Economics. While …
IDB marks one year of successful operations in UAE
IDB’s remarkable accomplishments serve as a catalyst for future expansion within the region.
Dubai police arrests Mahadev betting app co-owner Ravi Uppal, ED ‘starts extradition process’
ED officer says search on also for partner Sourabh Chandrakar, and that ‘everyone knows he too is in Dubai’, adds the two men ‘had been running their operations from Dubai’.
UAE: ‘Viable two-state solution plan’ needed before we commit to rebuilding Gaza
Viable two-state solution plan’ needed before we commit to rebuilding Gaza appeared first on The Times of Israel.
First Abu Dhabi Bank Partners with Archireef to Restore the UAE’s Coral Reefs
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and strongest financial institutions, has today announced a strategic partnership with Archireef, the pioneering …
Accenture to Enable Commercial Bank of Dubai’s Tech Transformation in Middle East
Accenture (NYSE: ACN) has signed a strategic agreement with the Commercial Bank of Dubai (CBD) in order to drive its technology transformation.