BLOOMBERG Chinese banks followed the central bank by lowering their benchmark lending rates, although a relatively modest reduction to the mortgage reference rate disappointed investors. The one-year and five-year loan prime rates were reduced by 10 basis points each, according to a statement by the People’s Bank of China (PBOC). While that was in line with the reduction in the ...

SHARJAH / GULF TIME UAE’s Favourite Indian Restaurant, India Palace, and favourite Asian restaurant Golden Dragon opens doors to two new outlets in Sharjah, giving more people in UAE the opportunity to indulge in authentic Indian cuisine and savor their legendary biryanis, carefully curated selection of Indian kebabs, and exquisite curries, in Sharjah at its new flagship location at Al ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday met with Hossein Amir-Abdollahian, Minister of Foreign Affairs of the Islamic Republic of Iran, who is on a working visit to the UAE. During the meeting, which took place at Al Shati Palace in Abu Dhabi, the Iranian Foreign Minister conveyed to His Highness ...