UAE expresses concern over situation in Democratic Republic of Congo

The UAE has expressed its deep concern over developments in eastern Democratic Republic of Congo (DRC) and called for enhancing peace and restoring stability. Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, condemned the killing of a number of international peacekeeping forces deployed in the region. Furthermore, Sheikh Shakhboot bin Nahyan affirmed the need […]

CBUAE maintains interest rates unchanged at 4.40%

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 decided to maintain the interest rate applicable […]

Ministry of Defence receives first patch of French ‘Rafale’ fighter jets

The Ministry of Defence has received the first batch of 80 Rafale fighter jets, among the most advanced in the world, in a significant move to strengthen the country’s armed forces. In a statement issued today, the ministry said the move is part of a “historic deal” signed with France’s Dassault Aviation, underscoring the deep […]

UAE President receives Hungarian Prime Minister

President His Highness Sheikh Mohamed bin Zayed Al Nahyan today welcomed His Excellency Viktor Orbán, Prime Minister of Hungary, who is on an official visit to the UAE. During their meeting at Qasr Al Shati in Abu Dhabi, His Highness and the Hungarian Prime Minister discussed the growth of bilateral relations and ways to enhance […]