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- Lesha Bank CEO in Forbes Middle East's 'Top 40 Asset Managers list for 2025'
- Saudi Arabia grants $97.5m exploration licenses for first mineral belts at Jabal Sayid, Al-Hajjar
- Madinah's licensed hospitality facilities grow by 93%: official data
- UAE Central Bank maintains rates, following US move
- KSA set to deliver 362,000 new hotels rooms by 2030
- Adnoc Drilling to accelerate AI-enabled expansion
- Nass Contracting emerges lowest bidder for Bapco Refining project
- Drake & Scull unit wins India water treatment plant contract
- Bapco Energies completes $1bn Reg S sukuk issuance
- Saudi Arabia dominates Forbes' 2025 list of MENA's most valuable banks
20/03/2025 20:52 AST
The Central Bank of the UAE (CBUAE) announced late Wednesday it has decided to maintain the base rate applicable to the Overnight Deposit Facility (ODF) at 4.40 per cent.
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 borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities," the bank said in a statement.
The Base Rate, which is anchored to the US Federal Reserve's IORB, signals the general stance of monetary policy and provides an effective floor for overnight money market interest rates in the UAE.
Khaleej Times
20/03/2025
Rising geopolitical tensions on Wednesday had its reflections on the Qatar Stock Exchange, which closed 77 points lower as more than 69% of the stocks were in the red.
The foreign institutio
Gulf Times
20/03/2025
The number of licensed hospitality facilities in Madinah has surged to over 450 in 2024, marking a 93 percent increase compared to the previous year, according to the latest Ministry of Tourism data.
Arab News
20/03/2025
The UAE Central Bank on Wednesday decided to maintain the base rate applicable to the overnight deposit facility (ODF) at 4.40 per cent.
The UAE's decision follows that of the US Federal Res
Khaleej Times
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20/03/2025
Saudi Arabia is poised to develop 362,000 new hotel rooms by 2030 as part of its $110 billion hospitality sector transformation, according to data released ahead of the 2025 edition of the Future Hos
Trade Arabia
20/03/2025
Bapco Energies, the integrated company leading the energy transition in the Kingdom of Bahrain, has successfully completed a landmark $1 billion Reg S Sukuk issuance with a concurrent capped tender o
Trade Arabia
20/03/2025
Saudi Arabia dominated Forbes' "30 Most Valuable Banks 2025" ranking, with 10 entries boasting a combined market value of $269 billion.
According to the business-focused media outlet, finan
Arab News
20/03/2025
Saudi Arabia has granted exploration licenses worth SR366 million ($97.5 million) to local and international companies for its first mineral belts at Jabal Sayid and Al-Hajjar.
These two sit
Arab News
20/03/2025
The number of licensed hospitality facilities in Madinah has surged to over 450 in 2024, marking a 93 percent increase compared to the previous year, according to the latest Ministry of Tourism data.
Arab News
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