Abu Dhabi: 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 aligns with the current monetary policy strategy and reflects the central bank’s response to global economic signals. According to Emirates News Agency, this decision was taken following the US Federal Reserve’s announcement to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE’s decision to maintain the interest rate applicable to borrowing short-term liquidity from the bank at 50 basis points above the Base Rate for all standing credit facilities is also

Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, recently convened with the Foreign Trade team at the Ministry of Economy and the Comprehensive Economic Partnership Agreements (CEPA) negotiation team. The gathering recognized the teams’ substantial contribution to elevating the UAE’s foreign trade to an unprecedented level in 2024, with total trade reaching AED 5.23 trillion and a trade surplus exceeding AED 490 billion-highlighting the robustness of the national economy. According to Emirates News Agency, the meeting was held at Union House in Dubai and was attended by

Dubai: Dubai Financial Market (DFM) today announced the launch of two new AI-powered features on its iVestor app – Smart Disclosures and Financial Summary – aimed at helping investors better access and understand company information. According to Emirates News Agency, the updates are part of wider enhancements to iVestor, which now enables investors to trade DFM shares directly through the app more easily. Announced during the 3rd MENA Capital Market Summit, taking place from 6-7 May at Madinat Jumeirah, the new features aim to support quicker, more informed decision-making by simplifying how financial data is presented. Smart Disclosures automatically reviews

Abu Dhabi: The capital markets in the UAE are demonstrating increasing resilience in the face of various global volatilities, according to Prasad Chari, Senior Managing Director, Equity Capital Markets at Emirates NBD. According to Emirates News Agency, in statements on the sidelines of the Capital Market Summit 2025, Chari said that the growing influx of high-net-worth individuals and global asset managers relocating to the UAE is directly boosting the country’s capital markets and their performance. He explained that the long-term investment perspective of local and regional investors has bolstered the capacity of domestic and regional capital markets to absorb new

Shanghai: Among the 59 gauges that the World Bank has used to measure the business environment, Shanghai has reached the best level for 22 gauges, according to the latest WB report. According to Emirates News Agency, the discoveries were part of the World Bank’s Enterprise Surveys Country Profile for China 2025. This shows that Shanghai has made substantial progress in terms of aligning with international standards, optimizing rules and regulations, optimizing government services, and improving companies’ operation efficiency, said Luo Peixin, deputy head of East China University of Political Science and Law. Yao Weiqun, executive director of the Shanghai Institute