Taking out a loan is now cheaper as the UAE Central Bank has cut the benchmark interest rate.
It’s after the US Federal Reserve lowered its rates for the first time in more than a decade.
Bahrain and Saudi Arabia also followed suit as the currencies of these Gulf countries are pegged to the US dollar.
For consumers this means lower cost of borrowing for loans and mortgages.

UAE expands access to government bonds with 'Retail Sukuk' initiative
New UAE-Oman freight rail link to boost regional trade
Trump says all trade talks with Canada are terminated
du reports AED732 million Q3 profit
Nakheel unveils premium waterfront villas at Palm Jebel Ali
