UAE Central Bank keeps base rate at 4.40% following US Fed move

UAE Central Bank keeps base rate at 4.40% following US Fed move

The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday, maintaining the federal funds rate at 4.25 to 4.5 per cent

Etihad, Ethiopian Airlines to launch Abu Dhabi-Addis Ababa flights

As part of the agreement, Ethiopian Airlines will begin flights from Addis Ababa Bole International Airport to Abu Dhabi’s Zayed International Airport from 15 July

Dubai’s Al Khail Metro Station now has a new name

Dubai’s RTA will update and rename the station names on both the external and indoor directional signage for all metro stations, from April to June 2025

Abu dhabi, Microsoft and Core42 sign landmark deal for Sovereign cloud system Image Supplied

Abu Dhabi partners with Microsoft, Core42 for sovereign cloud system

The initiative will enhance government services by increasing efficiency, improving accessibility for citizens and residents, creating greater transparency

UAE Eid AL Fitr 2025 holiday announced for Private sector GettyImages-1379460490

Eid Al Fitr 2025: UAE announces holiday for private sector

The ministry stated that if the month of Ramadan concludes on the 30th day, the holiday will be extended to Wednesday, April 2

Bloom Living: Reimagined premium community living in Abu Dhabi

The focal point at Bloom Living will be a large lake around which residents can walk, run, and cycle on designated trails

Saudi crackdown: Landlords to pay up to SAR25,000 for illegal building splits

Saudi Arabia set to deliver 362,000 new hotel rooms by 2030

International arrivals to Saudi Arabia reached 30 million in 2024, up from 27.4 million in 2023, demonstrating a robust upward trajectory for the tourism and hospitality sectors

Sheikh Hamdan passes new resolution for free zone operations Image Dubai Media Office

Dubai Introduces new resolution to regulate free zone operations

The DET has the authority to issue licenses allowing free zone establishments to operate in mainland Dubai or to open branches within the emirate

Quant CEO Ahmed Bukhamseen on reshaping Saudi real estate data

Quant is an AI-powered real estate and location ecosystem working on digitalising real estate data in Saudi Arabia

UAE: Eid Al Fitr holiday announced for federal govt employees

The 30th of Ramadan will be observed as an additional public holiday if the Holy Month of Ramadan concludes with 30 days

Is car subscription the smarter choice for GCC residents?

Is car subscription the smarter choice for GCC residents?

The car subscription model provides exceptional flexibility, enabling subscribers to switch vehicles based on changing lifestyle needs

GCC-Stat data on worker remittances in 2023 GettyImages

GCC worker remittances dip to $131.5bn in 2023, shows latest GCC-Stat data

According to the latest GCC-Stat data, the total labour force in GCC countries reached 31.8 million, representing 54.2 per cent of the total population

Possible rain, drop in temperatures on March 17: NCM

UAE weather: Possible rain, drop in temperatures on March 17

The NCM’s daily weather report indicates that humidity levels will rise during the night and Tuesday morning, particularly in coastal regions

Saudi limits foreign control: CMA restricts ownership to 49%

S&P lifts Saudi’s rating on economic shift away from oil

Fitch said the country’s Vision 2030 project provides some flexibility in managing capital expenditure and debt issuance

nol card digital payment upgradew 40pc complete image RTA_DMO

nol digital payment system upgrade almost 40% complete: RTA

The three-phase project is on track for completion by the end of Q3 2026

GII acquires SAR600m stake in Saudi hospital chain

Dhamani platform: Deadline for hospitals, clinics nears

Institutions failing to meet the deadline will be removed from the networks of health service providers affiliated with insurance companies

Latest pictures: See how RAK’s Wynn Al Marjan is shaping up

A latest update on the project indicates that construction has been proceeding with 64 per cent of the structural concrete completed up to the 34th floor

UAE weather forecast: Cloudy, rainy days on the horizon

Residents of the UAE can expect cloudy weather and light rainfall on Monday morning

Aldar Investment raises $500m through an oversubscribed green sukuk

Aldar Investment raises $500m through an oversubscribed green sukuk

The proceeds will be used in line with Aldar’s Green Finance Framework to refinance sustainability-accredited real estate within AIP’s portfolio

Crypto payments outfit Ripple secures key Dubai licence

The entity, a leader in enterprise blockchain and crypto solutions, will be the first blockchain-enabled payments provider licensed by the DFSA

Abu Dhabi’s MGX makes $2bn crypto investment in Binance

The deal, which Binance called its first institutional investment, is one of the largest ever in the crypto industry

GEMS signs biggest solar energy deal in UAE’s education sector

This particular initiative is expected to reduce 14,276 metric tonnes of carbon emissions per year, equivalent to taking 3,300 cars off the road

Private financing increasingly prominent among GCC issuers shares S&P Global Ratings Dr Mohamed Damak

Private financing increasingly prominent among GCC issuers: S&P Global Ratings

GCC investors will remain on the radar of large companies that aim to raise money outside of the traditional banking system or capital markets, especially when interest rates are high

RTA planning new Dubai Metro Gold Line

It will help ease the pressure on the Red Line and improve accessibility between the older part of Dubai and the newer residential and commercial developments

Dubai to get new free zone cluster: All details here

It aims to foster a unique, collaborative ecosystem to support and accelerate the industry’s growth

Saudi freezes rents in Riyadh for 5 years: Inside the boldest housing reform

600 companies now have their regional HQ in Saudi

The modern infrastructure and the other facilities are also attracting the international firms to the country

PIF launches Saudi Arabia’s first ever duty-free retailer

It will play a key role in securing a larger share of duty-free spending for Saudi Arabia’s economy

UAE approves National Investment Strategy 2031, boosts socio-economic policies

UAE approves National Investment Strategy 2031, boosts socio-economic policies

The investment strategy includes 12 new programmes and 30 initiatives, including the Financial Sector Development Programme and the ‘InvestUAE’ initiative

AIQ secures $340m contract to deploy agentic AI across ADNOC ops

AIQ secures $340m contract to deploy agentic AI across ADNOC ops

The wide-scale deployment of the world’s first large-scale agentic AI solution for the energy sector follows he successful completion of ENERGYai ‘strial phase across ADNOC’s upstream operations

Metal Park launches Dhs110m storage hub in KEZAD

Metal Park launches Dhs110m storage hub in KEZAD

The hub will be developed in three phases and offer a combined storage capacity of 350,000 metric tonnes and 54,000 cubic metres of shelved storage exclusively for metals