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Industry Updates

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Spinneys Reports Record AED2.3 Billion Revenue and 27% Profit Growth

Spinneys Reports Record AED2.3 Billion Revenue and 27% Profit Growth

UAE Central Bank Cuts Base Rate to 4.65%

UAE Central Bank Cuts Base Rate to 4.65%

The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.90% to 4.65%, effective from Friday, 08 November.
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