The Reserve Bank of India has cut its key interest rate for the first time this year. The repo rate, the level at which the central bank lends to commercial banks, has been reduced to 6.5 per cent, a drop of point two-five. It’s the lowest level in five years, with a fall in inflation being cited as the main reason by the central bank.
Dubai Holding becomes largest shareholder of Emaar Properties
Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from the Investment Corporation of Dubai (ICD), becoming the company's largest shareholder with a total 29.73 per cent stake.
Abu Dhabi gets AED55 billion boost for 24 infrastructure projects
Abu Dhabi has greenlighted 24 infrastructure projects under a new AED55 billion public-private partnership that will see the development of roads, flood control systems and education campuses among others.
Abu Dhabi aims for 80% local materials in housing projects
Abu Dhabi plans to increase the use of locally manufactured building materials in housing developments to as much as 80 per cent under a new agreement between two government entities.
UAE Central Bank support package reaches AED 6.2 billion
The Central Bank of the UAE (CBUAE) has announced the key outcomes of its comprehensive support package designed to strengthen the resilience of financial institutions.
Dubai Holding picks 15 scale-ups from 1,400+ applicants for sustainability challenge
Dubai Holding, a diversified global investment company with investments in more than 30 countries, has announced the 15 bold scale-ups selected for its 'Innovate For Tomorrow' impact accelerator programme.
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How did Lightning Scientific Arnis International Dubai begin here in the UAE? What are the main skills and disciplines learned in Arnis training? #pinoytribe #TagPuyatanNa
