ABU DHABI/WAM The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 3.65% to 3.9%, effective from Thursday, 17 September. This decision was taken following the US Federal Reserve’s announcement today to raise the Interest Rate on Reserve Balances (IORB) by 25 basis points. …

SHARJAH / WAM The Sharjah Investment and Development Authority (Shurooq), during its 19th consecutive participation at Arabian Travel Market (ATM) 2026, announced the expansion of Al Faya Retreat, increasing its accommodation capacity from five rooms to 20 accommodation units by the fourth quarter of 2026. The expansion forms part of an approach that connects hospitality development with sustainable cultural tourism, …

ABU DHABI / WAM Khalifa University of Science and Technology on Wednesday announced the establishment of the UNESCO Chair on Global Water Resilience, Innovation and Sustainable Solutions, creating a UAE-anchored global platform connecting scientific research, innovation, policy and implementation to accelerate the development and deployment of sustainable water solutions. Hosted by Khalifa University through its Centre for Membranes and Advanced …