Business

The Bank of Japan (BOJ) has decided to maintain its key interest rate at 1.25%, while simultaneously raising its inflation forecast for fiscal 2027 to 2.6%, up from a previous estimate of 2.4%. This decision, made by an 8-1 vote,…

The Dubai real estate market witnessed a significant transaction on Thursday, with a residential plot in Barsha Heights resold for Dhs600 million. This sale, which covers an area of 74,350 square feet, reflects an average price of Dhs8,070 per square…

Abu Dhabi's Hub71 has announced the selection of a record 40 startups for its 19th cohort, following a competitive application process that attracted 2,502 submissions from 117 countries. This latest cohort has collectively raised $296 million (AED 1.09 billion), marking…

The Central Bank of the United Arab Emirates has opted to keep the base rate on overnight deposit facilities at 3.9%, a decision aligned with the US Federal Reserve's recent announcement to maintain its interest rate on reserve balances. This…

Dubai Taxi Company (DTC) has renewed its strategic partnership with National Taxi and Hala for an additional five years, significantly expanding the availability of taxis in Dubai. This agreement will add over 7,700 taxis, excluding those from the airport fleet,…