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    CBUAE maintains interest rates unchanged at 4.40%

    CBUAE maintains interest rates unchanged at 4.40%

    20 Mar 2025

    The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%.This decision was taken following the US Federal...

    BoC likely to cut rates 25 bps to cushion economy from US tariffs

    BoC likely to cut rates 25 bps to cushion economy from US tariffs

    12 Mar 2025

    The Bank of Canada (BoC) will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against US tariffs, several economists said.If the BoC delivers...

    Economic plight affects EU move on Ukraine

    Economic plight affects EU move on Ukraine

    06 Mar 2025

    The European Central Bank (ECB) has cut interest rate to 2.5 per cent, even as ECB Governor Christine Lagarde admitted that there was a lot of uncertainty surrounding the economic...

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    GCC region is advancing towards sustainable aluminum ecosystem

    26 Oct 2024

    With global aluminum consumption projected to reach 124 million tons by 2030, the industry faces a growing responsibility to address its significant carbon footprint. As the most energy-intensive metal, aluminum...

    Sharjah Chamber highlights importance of accelerating women’s empowerment

    Sharjah Chamber highlights importance of accelerating women’s empowerment

    29 Sep 2024

    The Sharjah-Europe Businesswomen Forum underscored the importance of accelerating women’s economic empowerment as a key driver of sustainable development. Organised by the Sharjah Chamber of Commerce and Industry (SCCI) in...

    US Fed expected to announce its first interest rate cut since 2020

    US Fed expected to announce its first interest rate cut since 2020

    15 Sep 2024

    The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to...

    Boeing reaches labour deal with 25% pay hike, new plane commitment

    Boeing reaches labour deal with 25% pay hike, new plane commitment

    08 Sep 2024

    Boeing (BA.N), opens new tab said on Sunday it had reached a tentative agreement with a union representing more than 32,000 workers in the US Pacific Northwest, in a deal...

    Zayed International Airport posts 33.8% rise in H1 passenger traffic

    Zayed International Airport posts 33.8% rise in H1 passenger traffic

    19 Aug 2024

    Abu Dhabi Airports, the operator of the emirate’s five airports, has released passenger traffic results for the first half of 2024. Between January and June 2024 the Abu Dhabi Airports’...

    Russia’s CB sharply hikes rates

    Russia’s CB sharply hikes rates

    26 Jul 2024

    Russia’s central bank hiked its key interest rate by 200 basis points to 18% on Friday, the highest level in more than two years, and vowed to continue tightening until...

    UAE’s hotel occupancy rate rises in summer

    UAE’s hotel occupancy rate rises in summer

    13 Jul 2024

    Sajjad Ahmad, Deputy Business Editor Tourism experts have confirmed an increase in hotel occupancy rates across the UAE overall and Dubai in particular during this summer, as the city witnesses...

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