UAE makes history: First ever government transaction using digital Dirham completed in under two minutes | World News

The UAE executed its first government Digital Dirham transaction via mBridge, completed in under two minutes/Representative Image The United Arab Emirates reached a defining moment in its financial evolution on Tuesday, as the first government transaction using the Digital Dirham was successfully executed. Issued by the Central Bank of the UAE, this digital currency represents […]

UAE Central Bank cuts interest rate to 3.90%; lowest since 2022, consumers to see cheaper loans and mortgages | World News

The UAE Central Bank has cut interest rates twice in two months, bringing the base rate down to 3.90%, the lowest since 2022/ Image: File The Central Bank of the UAE (CBUAE) has reduced the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15% to 3.90%, effective Thursday, October […]