News

The Central Bank of the UAE (CBUAE) has decided to raise the base rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points – from 4.65% to 4.90%, effective from Thursday, 23 March 2023. This decision was taken following the US Federal Reserve Board’s announcement on 22nd March …

President His Highness Sheikh Mohamed bin Zayed Al Nahyan today exchanged Ramadan greetings with a number of Arab heads of state. This came over phone calls with King Hamad bin Isa Al Khalifa of Bahrain; King Abdullah II bin Al Hussein of Jordan; Egyptian President Abdul Fatah el-Sisi; and President …

The US Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point. In a statement on Wednesday, the FOMC said the US banking system is “sound and resilient” but that there was uncertainty about the extent to which the fallout from the banking turmoil would hit …

Meta is introducing two new tools on Instagram designed to open up additional avenues for advertising as the company grapples with weak advertising demand. The social network announced that it’s beginning to test ads in search results to reach people actively searching for businesses, products and content. Ads will show …

The Dubai Police General Command revealed that its General Department of Traffic had seized 1,195 vehicles and the issued fines for 4,533 vehicles in 2022 for illegal engine modifications and excessive noise pollution. This was revealed at a press conference held at the Dubai Police General Headquarters, led by Brigadier …

Ibrahim Al Jarwan, Chairman of the Board of Directors of the Emirates Astronomy Society: This year’s Ramadan will be the last to start in the spring season until 1477 AH. Next year’s Ramadan is expected to begin on March 11, 2024, which will astronomically fall in winter. The whole month …

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has ordered the release of 971 prisoners of different nationalities from Dubai’s correctional and punitive establishments, ahead of the Holy Month of Ramadan. Attorney General of Dubai His Excellency ChancellorEssam …

H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, has ordered the release of a number of prisoners from the punitive and corrective institutions in the Emirate, on the occasion of the Holy Month of Ramadan. Sheikh Saud expressed his sincere wishes to …

The UAE has expressed its sincere condolences and solidarity with Pakistan and Afghanistan over the victims of the earthquake that struck the two countries and resulted in numerous deaths and injuries. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed its sincere condolences to Pakistan and Afghanistan and their …

 The UAE Joint Operations Command of the Ministry of Defence in cooperation with the “Chivalrous Knight / 2” operation began distributing 200 tons of dates to approximately 11 earthquake-affected areas in several Turkish villages and cities. The initiative reflects the wise leadership’s keenness to provide assistance to affected families and …