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.
Etihad CEO says 'First Class' remains main focus, not 'premium economy'
Etihad Airways CEO, Antonoaldo Neves, has confirmed that "Premium Economy" is not on the cards for the national carrier, despite competition in the market, as it remains focused on delivering "First Class" experience for its passengers.
UAE tourism ready to bounce 'back stronger', says minister
The UAE is set to boost the tourism economy with a special focus on the domestic sector over the next three months, announced Minister of Economy and Tourism, Abdulla bin Touq Al Marri, as the industry bounces back stronger.
'Factory Forward UAE' to boost industrial competitiveness
The UAE has unveiled a new initiative to help factories adopt advanced technology and become more competitive.
Miral to invest over AED 12 billion in Yas Island over five years
Miral, Abu Dhabi's leading creator of immersive destinations and experiences, will invest more than AED 12 billion in new developments and enhancements across Yas Island over the next five years.
UAE President meets German business leaders during state visit
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with German business leaders and company executives during his state visit to Germany.
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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!
