Taking out a loan is now cheaper as the UAE Central Bank has cut the benchmark interest rate.
It’s after the US Federal Reserve lowered its rates for the first time in more than a decade.
Bahrain and Saudi Arabia also followed suit as the currencies of these Gulf countries are pegged to the US dollar.
For consumers this means lower cost of borrowing for loans and mortgages.
Dubai’s GDP surges 4.7% to reach AED122 billion in Q2 2025
Dubai’s economy continued to maintain its strong upward momentum in the first half of 2025, surpassing projections and consolidating its position as a one of the world’s most vibrant and competitive urban economies.
UAE, South Africa explore boosting bilateral trade, investment ties
Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, met with Mpho Parks Tau, South Africa’s Minister of Trade, Industry and Competition, to discuss ways to increase trade, investment, and private-sector collaboration between the two nations.
Dubai's Sustainable City joins '1 Billion Followers Summit 2026' as Platinum Partner
The 1 Billion Followers Summit, the world’s first and largest event dedicated to the content creation industry, has announced that The Sustainable City in Dubai has joined as the Platinum Partner for the fourth edition of the Summit.
Dubai Chamber of Digital Economy supports 582 Dubai startups in 2025
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it supported the establishment and expansion of 582 digital startups during the first nine months of 2025.
Drydocks World delivers FPSO Emem to power Nigeria’s offshore energy growth
Drydocks World has completed the full conversion and integration of the EMEM Floating Production Storage and Offloading (FPSO) vessel, delivering a key offshore asset to support production at Nigeria’s Okwok field and advance the country’s energy development and self-reliance goals.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
