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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.
21 businesses to accept India’s RuPay card in UAE
21 businesses and 5,000 ATMs across the UAE will soon start accepting India’s RuPay card.
US-China trade war escalates further with retaliatory tariff hikes
Donald Trump says the US will impose further tariffs on Chinese goods.
UAE-India relations are 'at their best ever' - Modi
Narendra Modi says the UAE can be India’s ‘valuable partner' in its quest to achieve a USD $5 trillion economy.
More than 2,200 Indian firms join Dubai Chamber in H1
A total of 2,208 Indian companies have joined the Dubai Chamber of Commerce and Industry in the first six months of 2019.
Facebook is hiring journalists to fight fake news
Social networking giant Facebook confirmed it’s hiring a team of journalists to help curate stories in its soon-to-launch news tab.
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