BLOOMBERG  Bank of England (BOE) policy maker Swati Dhingra cautioned against raising interest rates further, saying that doing so could damage an already weak UK economy. The newest official on the central bank’s nine-member Monetary Policy Committee (MPC) said it would be prudent to hold borrowing costs steady for now and noted there’s little evidence of an inflationary spiral. “Overtightening ...

DUBAI / WAM DP World’s Jebel Ali Free Zone (Jafza) witnessed the highest customer registrations in a decade, marking a 30 percent year-on-year growth, and taking the total number of companies to over 9,500 in 2022. The free zone has created unparalleled opportunities in a variety of sectors through end-to-end logistics solutions, digital trade platforms and access to DP World’s ...

ABU DHABI / WAM Sheikh Zayed Housing Programme (SZHP), an initiative under the Ministry of Energy and Infrastructure (MoEI), on Wednesday announced the first batch of beneficiaries of housing loans and grants for 2023. As part of the new policy announced in May 2022, the programme has issued 550 decisions worth AED435.750 million in loans and grants. This brings the ...