Dubai / WAM The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) jumped across all terms post the Central Bank of the UAE increased on Thursday its base rate applicable to the overnight deposit facility (ODF) by 5 basis points to 15 bps, replicating the US Federal Reserve’s move on Wednesday, according to the CBUAE’s figures. The one-year ...

Bloomberg Saudi Arabia gave a first glimpse of the ambition behind the merger of two of its pension and insurance funds with a plan to rival the world’s largest investors of its kind. The new entity will boast assets of over $250 billion, according to the chief executive officer of Hassana Investment Co, the investment management arm of the kingdom’s ...

Abu Dhabi / WAM Wizz Air on Sunday launched its new electronic flight bag (EFB), a technical solution that will replace all printed onboard manuals and materials with iPads for pilots. The new system brings increased efficiency to all aspects of flight planning. It builds on the airline’s broader sustainability commitments by significantly reducing paper use and fuel consumption. Under ...