UAE Cuts Benchmark Interest Rate to 3.65%

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

First Comprehensive National Project to Archive UAE’s Maritime Sports History Launched

Abu dhabi: The UAE Marine Sports Federation has launched a national project to document and archive the country’s maritime sports history, marking a pioneering initiative in the region aimed at preserving the UAE’s maritime memory and safeguarding a heritage that has long been central to national identity. The project will create the first comprehensive digital … Read more

Arab Parliament President Condemns Israeli Forces’ Storming of UNRWA Headquarters in Jerusalem

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

Agricultural Licences Surge by 29% in Abu Dhabi as Food Security Initiatives Gain Momentum

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

UAE Cuts Benchmark Interest Rate to 3.65%

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

Sharjah Real Estate Sector Sets New Record with AED 9.5 Billion in November Deals

Sharjah: Sharjah’s real estate sector reached a significant milestone in November 2025, achieving a new record with transactions totaling AED 9.5 billion. This figure represents the highest monthly total ever recorded in the emirate, underscoring its robust economic growth and solidifying its position as a crucial driver of comprehensive development. According to Emirates News Agency, … Read more

$200 Billion Investment Needed to Boost Middle East Gas Sector, Say Industry Leaders

Dubai: The regional natural gas sector requires $200 billion of investment in the next four years to increase production by 30% to meet rapidly growing demand for power, industry executives attending the Middle East Gas Conference in Dubai said on Wednesday. According to Emirates News Agency, more than 150 executives from energy producers gathered to … Read more

$200 Billion Investment Needed to Boost Middle East Gas Sector, Say Industry Leaders

Dubai: The regional natural gas sector requires $200 billion of investment in the next four years to increase production by 30% to meet rapidly growing demand for power, industry executives attending the Middle East Gas Conference in Dubai said on Wednesday. According to Emirates News Agency, more than 150 executives from energy producers gathered to … Read more