BRUSSELS, 5th February, 2026 (WAM) — The European Central Bank (ECB) kept interest rates unchanged on Thursday, as the eurozone economy continued to record modest but resilient growth despite global challenges, including the impact of US tariffs. The ECB maintained its deposit rate at 2%, where it has stood since June, following a series of […]
WASHINGTON, 28th January, 2026 (WAM) — The US Federal Reserve has decided to keep interest rates between 3.5% and 3.75%. Two Fed governors voted against the move and instead backed a rate cut, while 10 officials were in favour of leaving rates the same. This content was originally posted at Emirates News Agency (WAM) on […]
CAIRO, 25th December, 2025 (WAM) — The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday to cut its key interest rates by 100 basis points, citing easing inflationary pressures and an improved outlook. The MPC reduced the overnight deposit rate to 20 percent, the overnight lending rate to 21 […]
DUBAI, 15th December, 2025 (WAM) — Adding an added interactive dimension to the Hatta Festival, Emirati enterprise ‘Made of Two’ stirred immense public interest with a pop-up stall featuring live culinary demonstrations by Taim Al Falasi and Chef Ghaniya Al Hosani. Visitors are treated to a fusion of flavours in an interactive environment, with a […]
BANGKOK, Thailand, 11th November, 2025 (WAM) — The UAE Pavilion has drawn strong international interest on Day Two of th 12th Defense & Security 2025 in Bangkok. The exhibition, which is running until 13 November at the IMPACT Exhibition and Convention Centre in Bangkok, Thailand, has continued to attract significant international attention and further cement […]
CAIRO, 29th August, 2025 (WAM) – The Central Bank of Egypt (CBE) Thursday announced a 200 basis point cut in interest rates during its Monetary Policy Committee meeting on Thursday 28/8/2025. The overnight deposit rate was reduced to 22%, the lending rate to 23%, and the main operation rate to 22.5%. The discount rate was […]
The Bank reports net profit after tax(1) of AED 5.014 bn in H1’25 and AED 2.568 bn in Q2’25 Abu Dhabi – Abu Dhabi Commercial Bank PJSC (ADCB) today reported its financial results for the second quarter 2025 (Q2’25). Focused execution of new strategy delivers 22% YoY increase in H1’25 operating profit and all-time low quarterly cost to […]
ABU DHABI, 11th July, 2025 (WAM) — Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has concluded the 2025 edition of its flagship Undergraduate Research Internship Programme (UGRIP) – its largest and most diverse cohort to date. The fully funded, four-week residency brought together 57 top-performing undergraduate students from 24 countries and leading global institutions, […]
ABU DHABI, 12th June, 2025 (WAM) — President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Mark Carney, Prime Minister of Canada, held a phone call today to discuss bilateral cooperation and ways to further strengthen collaboration in support of both countries’ shared interests. During the call, the two sides also exchanged […]
DUBAI, 12th May, 2025 (WAM) — The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), has announced that 96 innovative firms have expressed interest in the DFSA’s inaugural Tokenisation Regulatory Sandbox. The launch of the sandbox marks a major step forward in the DFSA’s strategy to support responsible […]
ABU DHABI, 7th May, 2025 (WAM) – 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 was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also […]
SEOUL, 17th April, 2025 (WAM) — The Republic of Korea’s central bank kept its benchmark interest rate unchanged Thursday, despite sluggish growth, in an effort to stabilise the local currency amid uncertainties regarding the United States’ sweeping tariff scheme. According to Yonhap News Agency, the monetary policy committee of the Bank of Korea (BOK) held […]
