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Revolut Ltd. is planning to launch its services in the United Arab Emirates after the fintech behemoth secured initial approval for licenses from the country's central bank....
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....