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08/05/2025 01:33 AST
The UAE Central Bank on Wednesday decided to maintain the base rate applicable to the overnight deposit facility (ODF) at 4.40 per cent.
The UAE's decision follows that of the US Federal Reserve, which decided to hold its interest rates. The UAE follows US monetary policy as the UAE dirham is pegged to the US dollar.
Khaleej Times
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09/05/2025
Mubadala Investment Company, the Abu Dhabi-based sovereign investor, on Thursday reported that its assets under management grew 9.1 per cent year-on-year in 2024 to Dh1.2 trillion, with annualised r
Khaleej Times
09/05/2025
Saudi Arabia's Cabinet has approved a new decision allowing the Ministry of Municipal and Rural Affairs and Housing to sell residential units within its housing projects to individuals who are not be
Arab News
09/05/2025
The UAE's banking sector witnessed continued momentum in February, as key indicators of liquidity and credit expanded steadily.
Gross banking assets, including bankers' acceptances, rose by
Arab News
09/05/2025
Saudi e-commerce sales via MADA cards surged 73.4 percent year on year in March to a record SR27.55 billion ($7.34 billion), reflecting rapid growth in the Kingdom's digital payment ecosystem.
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Arab News
09/05/2025
Saudi Arabia's intellectual property landscape continued its robust growth in 2024, with patent filings rising by 13.33 percent year on year to reach a record 8,029, according to the Saudi Authority
Arab News
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