Business from Thursday, January 30th, 2025

Dubai is set to welcome another major retail hub with the upcoming opening of Nad Al Sheba Mall in April 2025.

The Central Bank of the UAE (CBUAE) has maintained the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 per cent, following Wednesday's US Federal Reserve’s announcement to keep the Interest Rate on Reserve Balances (IORB) unchanged.

The Mohammed Bin Rashid Space Centre (MBRSC) has signed an agreement with Tokyo-based R&D startup SpaceData to fuse the digital and space spheres.