ABU DHABI/WAM The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged.The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity …

ABU DHABI / WAM The UAE Banks Federation affirmed that the comprehensive Financial Institution Resilience Package, approved by the Board of the Central Bank of the United Arab Emirates (CBUAE), chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of CBUAE, reflects …

ABU DHABI / GULF TIME Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, has announced that Yas Bay East Beach, the newest stretch of shoreline on Yas Island, will officially open to the public on 19 March. The opening marks a strategic milestone for Miral, demonstrating its ongoing efforts to create memorable and joyful experiences for …