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.
Abu Dhabi, US Chambers of Commerce to expand bilateral partnerships
The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the US Chamber of Commerce to enhance investment opportunities, exchange expertise, and strengthen communication channels between the business communities of Abu Dhabi and the United States.
India delays US trade talks after Supreme Court rejects Trump tariffs
India has delayed plans to send a trade delegation to Washington this week, chiefly because of uncertainty after the US Supreme Court struck down tariffs imposed by President Donald Trump, a source in its trade ministry said on Sunday.
Non-oil sector drives strong UAE GDP growth
The UAE's gross domestic product (GDP) grew by 5.1 per cent in the first nine months of 2025, reaching around AED 1.4 trillion.
India AI summit stumbles as Bill Gates pulls out, chaos mounts
Bill Gates pulled out of India's AI Impact Summit hours before his scheduled keynote address on Thursday, dealing another blow to a flagship event already marred by organisational lapses, a robot row and delegate complaints over traffic disruptions.
UAE President appoints new Federal Tax Authority chief
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree appointing Abdulaziz Mohammed Faraj Al Mulla as Director General of the Federal Tax Authority, with the rank of Ministry Undersecretary.
The UAE has joined other Arab countries and major regional organisations in issuing a joint statement strongly condemning remarks by the US ambassador to Israel, suggesting it would be acceptable for Israel to exercise control over occupied Arab territories, including the West Bank.
The UAE has continued dispatching humanitarian aid convoys to the Gaza Strip under Operation Chivalrous Knight 3, as part of its ongoing relief efforts to support the Palestinian people and alleviate their suffering amid challenging humanitarian conditions.
Emirates Airline and Etihad Airways have cancelled and rescheduled several flights to and from New York and Newark and other US destinations, due to a severe snowstorm expected to impact the area.
