[email protected] Abu dhabi: The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 3.90% to 3.65%, effective from Thursday, 11 December. This move aligns with changes in monetary policy following the recent actions of the US Federal Reserve. According to … Read more
Seoul: The Republic of Korea added 225,000 jobs in November, continuing an upward trend in employment this year, but youth employment declined, government data showed Wednesday. The number of employed people stood at 29.05 million last month, up 225,000 from a year earlier, according to the data compiled by the Ministry of Data and Statistics. … Read more
Abu dhabi: The Abu Dhabi Registration Authority (ADRA), part of the Abu Dhabi Department of Economic Development (ADDED), has reported a significant increase in agricultural, fisheries, and livestock licences during the first nine months of 2025. This growth is attributed to the emirate’s food security strategy and increased investor interest. According to Emirates News Agency, … Read more
Abu dhabi: Modon today announced the complete sell-out of Bashayer, the first waterfront residential community on Hudayriyat Island, within one day of the launch, generating AED3 billion in sales. The exceptional demand reinforces Hudayriyat Island’s position as one of the region’s most desirable residential destinations and reflects the strength of Modon’s approach to shaping communities … Read more
Jerusalem: Mohamed bin Ahmed Al-Yammahi, President of the Arab Parliament, condemned the storming of the UNRWA headquarters in Jerusalem by Israeli occupation forces, describing it as a blatant assault on the United Nations and a violation of international law. According to Emirates News Agency, Al-Yammahi stated that the incident is part of a systematic campaign … Read more
Abu dhabi: The Abu Dhabi Youth Business Council (ADYBC), affiliated with the Abu Dhabi Chamber of Commerce and Industry, has entered into a strategic cooperation agreement with Hub71, Abu Dhabi’s global tech ecosystem, during Abu Dhabi Finance Week (ADFW). This collaboration aims to enhance opportunities for young entrepreneurs and integrate them more deeply into the … Read more
Abu dhabi: ADNOC and the Emirates Red Crescent (ERC) have jointly launched a new humanitarian initiative aimed at expanding healthcare access for those in need, including children, seniors, cancer patients, and individuals with hearing impairments. The campaign, named “Al Dhafra Oasis for Giving,” underscores national institutions’ commitment to enhancing the quality of life and supporting … Read more
Abu dhabi: RIQ and Swiss Re have signed a Memorandum of Understanding to advance innovative capacity solutions, risk origination opportunities, and AI-enabled capabilities across the UAE region. Headquartered in the Abu Dhabi Global Market (ADGM), RIQ is building an AI-native reinsurance platform that integrates artificial intelligence and advanced analytics to improve underwriting accuracy, capacity deployment, … Read more