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UAE's central bank cuts base rate by 25 bps, statement says CAIRO, Dec 18 (Reuters) - The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65% to 4.40%, effective Dec. 19. The move followed the Federal Reserve's decision to cut U.S. rates by 25 bps. Reportin...
MIDEAST STOCKS-Dubai outperforms other Gulf markets as Fed rate decision eyed By Md Manzer Hussain Dec 16 (Reuters) - Dubai's benchmark share index jumped on Monday to its highest level in more than a decade, lifted by real estate and finance, while most other markets in the Gulf also gained ahead of the U.S. Federal Reserve interest rate decision due later this week....