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UAE Central Bank follows Fed move, holds interest rates steady
The CBUAE's Base Rate is anchored to the US Federal Reserve's IORB, so it is not surprising that the two central banks are moving in lockstep. The CBUAE's decision to keep rates unchanged is a signal that it is comfortable with the
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UAE Central Bank Mirrors Fed Decision, Keeps Interest Rates Unchanged
In response to the US Federal Reserve Board's recent announcement to leave key interest rates unchanged, the Central Bank of the UAE (CBUAE) has opted to keep the Base Rate for the Overnight Deposit Facility steady at 5.40%. This decision,
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UAE flights: Travelling for Eid Al Adha holidays? List of items you cannot pack in your Luggage
As residents are busy preparing for Eid Al Adha and summer vacations, it is essential to be well-informed about what travellers can and cannot pack in their luggage. Before packing bags, travellers must make sure that they do not place any items
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Saudi Arabia Announces Midday Work Ban
Saudi Arabia has announced a midday work ban will begin on June 15. The Kingdom’s Ministry of Human Resources and Social Development (MHRSD)
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List of Banned Dog Breeds From Keeping as Pets in Dubai
Having a pet can be a source of great joy and comfort, but it is also a huge responsibility. In the UAE, there are several rules and laws in place to
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YouTuber's Energy Drink Banned in Dubai's Schools
A Dubai school has alerted parents about the potential risks associated with children consuming Prime Energy drinks. The GEMS World Academy in a
Read MoreGuns N' Roses Coming to Perform in Abu Dhabi
US rock legends Guns N' Roses will perform in Abu Dhabi in June, marking their comeback to the UAE. Four and a half years after their race-day performance at the Abu Dhabi Grand Prix, the group will begin the second leg of their world
Read MoreUAE Central Bank Issues New Dh1,000 Banknote for National Day
For the 51st National Day, the UAE Central Bank (CBUAE) on Friday unveiled a new Dh1,000 banknote that depicts some of the biggest moments in the country's recent history: Space explorations and clean energy. With the images of Sheikh Zayed,
Read MoreCentral Bank fines financial firm for violating laws
The Central Bank of the UAE (CBUAE) on Tuesday imposed administrative and financial sanctions on a finance company operating in the UAE for not adhering to the rules and regulations of the regulator. The apex bank said it imposed a fine on the
Read MoreThe UAE Has Extended The Ban Of Drones Indefinitely
The Ministry of Interior (MoI) UAE, announced on January 22 that the use of drones and light sports aircraft will be banned. The decision was put in place in coordination with the General Authority for Civil Aviation. The ban also encompasses
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