The UAE Central Bank keeps the base rate at 5.4%

Live: The Central Bank of the United Arab Emirates decided to keep the “base rate” on overnight deposit facilities unchanged at 5.40%, starting tomorrow, Thursday, September 21, 2023. This decision comes after the Federal Reserve announced that it would keep the interest rate on reserve balances unchanged at its meeting held today. The Central Bank […]

Beware of Fraudulent Email Impersonating Ofi Invest – Take Precautions Now!

An attempted fraud with usurpation of the Ofi Invest name is currently underway. It materializes in the form of an email whose subject mentions an investment proposal and whose sender (with a false email address) refers to an entity of the Ofi Invest group. As a precaution, if you receive a message similar to this […]

Spending on purchasing digital applications in the UAE grew to 1.6 billion dirhams

Abu Dhabi – Mubasher: The volume of spending on purchasing digital applications in the UAE increased during the year 2022, by 25.3 percent on an annual basis. According to a report issued by the UAE Telecommunications and Digital Government Regulatory Authority, the volume of spending on purchasing digital applications during the year 2022 amounted to […]

GDS and INA cooperate to jointly invest in data center platform, enrich Indonesia’s digital infrastructure picture

JAKARTA, Indonesia, September 2, 2023 /PRNewswire/ — GDS, the leading developer and operator of high-performance data centers in Asia with a diversified international investor customer base and The Indonesian Investment Authority (INA) – the national investment fund of Indonesia, has announced a partnership in the strategy of developing and expanding the data center scene in […]

7.5 billion dirhams net institutional investment in UAE stocks within 8 months

Abu Dhabi – Mubasher: Investment institutions increased their purchases of UAE stocks, after recording a net purchase of local stocks at a value of 7.5 billion dirhams during the period from January to August, after achieving total purchases of 207.6 billion dirhams, compared to total sales of about 200.1 billion dirhams. Based on the data […]