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UAE Cuts Benchmark Interest Rate to 3.65%

Abu dhabi: The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 3.90% to 3.65%, effective from Thursday, 11 December. This move aligns with changes in monetary…

UAE and Russia Strengthen Ties in New Economy Sectors

Dubai: Abdullah bin Touq Al Marri, Minister of Economy and Tourism, affirmed that the United Arab Emirates and the Russian Federation enjoy strategic relations built on mutual understanding and shared economic interests. This statement was made during…

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