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 4.40%. 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 ...

ABU DHAB/WAM Etihad Airways continues to reinforce its position as a leader in global aviation, expanding strategic partnerships that connect world-class airlines to Abu Dhabi and broaden travel opportunities for millions of visitors. With over 40 codeshare partners in its network, Etihad connects travellers to more than 100 destinations across its own network and over 300 destinations through its partners, ...

ABU DHABI / WAM Borouge Plc, a leading petrochemicals company providing innovative and differentiated polyolefins solutions, today announced a net profit of $193 million for the second quarter of 2025, exceeding market expectations. The results reflect disciplined execution of the planned Borouge 3 turnaround, with the company maintaining strong margins and healthy cash generation on the back of effective cost ...

DUBAI/WAM The UAE, Malaysia, and Rwanda signed a strategic partnership to strengthen coordination to help boost AI adoption in the Global South. Within the framework of the Centre for the Fourth Industrial Revolution (C4IR) global network, the countries will work together to promote ethics and governance in AI to help societies and economies in the Global South harness its potential. ...

DUBAI / WAM Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the UAE Cabinet has approved a resolution to reorganise the UAE Gender Balance Council. This step reinforces the UAE’s steadfast commitment to enhancing the participation of all community segments in the nation’s development journey, promoting equal opportunities, and solidifying ...

ABU DHABI/WAM Hotel establishments in Abu Dhabi continued their positive performance in May 2025, driven by higher occupancy rates and an increasing number of international guests. The sector recorded total revenues of AED682 million, reflecting the sustained growth of the emirate’s tourism and hospitality industry. According to preliminary data from the Department of Culture and Tourism-Abu Dhabi, released by the ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence. His Highness Sheikh Mohamed bin Zayed and His Highness Sheikh Hamdan bin Mohammed engaged in cordial conversation, with His Highness Sheikh Hamdan bin Mohammed expressing ...

ABU DHABI /  GULF TIME As the world marks Sarcoma Awareness Month this July, leading cancer experts are shining a spotlight on a rare and aggressive cancer that disproportionately affects children, adolescents, and young adults — and reminding families across the UAE and the wider Gulf of the power of early detection and the promise of new technologies. Dr. Mrinal ...

ABU DHABI / WAM The Creative Media Authority (CMA) has announced the completion of its tenth annual Media Summer Camp, marking a decade of inspiring and equipping the next generation of media professionals in the UAE. First launched in 2016, the initiative is a testament to the belief that developing and nurturing talent from an early age is a key ...

ABU DHABI / WAM EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, on Wednesday announced its financial results for the first half of 2025. EMSTEEL reported revenues of AED4.3 billion for the first half of 2025, marking a 9 percent increase compared to the same period last year. The Group delivered strong operational ...