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ABU DHABI: The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 basis points, from 5.40 to 4.90 percent, effective from 19th September.
This decision was taken following the US …
WASHINGTON: The US Federal Reserve decided in its meeting today to cut its benchmark interest rate by 50 basis points, after eight consecutive meetings of maintaining the rate.
The US central bank announced that it reduced the interest rate by half a…
China’s central bank conducted 568.2 billion yuan (about US$80.17 billion) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday.
Xinhua News Agency quoted the People’s Bank of China as saying that the move aims to offset the impac…
SHARJAH: The 54th edition of the Watch and Jewellery Middle East Show, the region’s leading bi-annual exhibition for gold, watches, jewellery, and exclusive designs, is set to take place from 25th to 29th September.
Organised by Expo Centre Sharjah w…
The UAE Ministry of Interior is hosting the GCC Strategy for Combating Drugs (2025-2028) workshop. This groundbreaking regional initiative, a collaborative effort between the General Secretariat of the GCC and the United Nations Office on Drugs and C…
ABU DHABI: The drive to develop more powerful AI capabilities will require significant infrastructure investment. Today, BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX announced the Global AI Infrastructure Investment Partnership …
The Israeli Authorities have stopped giving visas to heads and staff of the international NGO community, Philippe Lazzarini, UNRWA Commissioner General announced on the organisation’s official X account today.
‘As humanitarian needs continue increas…
NEW YORK: The United Nations General Assembly will vote today on a draft resolution submitted by the State of Palestine, calling on Israel to end its “illegal presence in the occupied Palestinian territory” within 12 months, following the advisory opi…
Sharjah: The UAE’s fisheries sector is undergoing a transformative shift with the expansion of the ‘SFS Fisheries’ system, a pioneering