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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.
Dubai's external foodstuff trade hit AED 52 billion in 2020
Dubai's external foodstuff trade reached AED 52 billion in 2020, according to Dubai Customs.
Dubai launches first phase of e-commerce freezone
Dubai CommerCity (DCC) has announced the launch of 470,000 sq.ft. of new facilities, as part of the project's first stage.
Flydubai adds two seasonal routes to Turkey
Flydubai has added Bodrum and Trabzon to its seasonal summer routes for passengers from Dubai and across the region.
Dubai Customs complete 5 million transactions in first quarter of 2021
Dubai Customs completed 5 million transactions in Q1 2021, according to statistics released on Saturday.
First Emirates passengers trial IATA'S COVID-19 'digital passport'
Emirates has started the trial of International Air Transport Association's (IATA) COVID-19 vaccine passport today, with passengers flying to Barcelona becoming the first to use the service.
6:00am - 11:00am
The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
11:00am - 2:00pm
No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.
The latest Back To Business webinar was all about cutting costs without losing the competitive edge.
We speak to one of the e-scooter operating companies.
Paul Griffiths, says the current approach is incompatible with keeping the global economy mobile.
Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.
Farmer's Kitchen is back for 2021!
With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!
