The Reserve Bank of India has cut its key interest rate for the first time this year. The repo rate, the level at which the central bank lends to commercial banks, has been reduced to 6.5 per cent, a drop of point two-five. It’s the lowest level in five years, with a fall in inflation being cited as the main reason by the central bank.
IDC 2025 discusses global disruptions, defence preparedness
The International Defence Conference 2025 commenced on Sunday at Emirates Palace in Abu Dhabi, bringing together defence and security leaders, experts, and companies from around the world to discuss key challenges and opportunities in the sector.
Dubai Energy Council reviews carbon emissions progress
Ahmed bin Saeed chaired the Dubai Supreme Council of Energy meeting on Sunday, which reviewed progress in carbon emission reduction technologies in alignment with the UAE’s Net Zero 2050 Strategy and the Dubai Carbon Abatement Strategy 2030.
OpenAI board rejects Musk's $97.4 billion offer
OpenAI has rejected a $97.4 billion (AED 357 billion) bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous.
AD Ports Group reports net profit of AED 1.78 bln
AD Ports Group has announced its preliminary unaudited financial results for the fourth quarter and full year ending December 2024, and saw revenue increase 48 per cent year-on-year (YoY) to AED 17.29 billion.
Air Arabia reports record AED1.6 bln profit in 2024
Air Arabia has announced its financial and operational results for the full year ending December 31, 2024, posting a record pre-tax net profit of AED 1.6 billion, reflecting a four per cent increase compared to AED 1.5 billion in 2023.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Denis Manturov, First Deputy Prime Minister of the Russian Federation, in Abu Dhabi on Sunday.
The United Arab Emirates has strongly condemned the attack that set fire to a convoy of the United Nations Interim Force in Lebanon (UNIFIL), near Beirut Airport, which led to the injury of a member of the international force.
The UAE is set to experience unsettled weather conditions from February 16-18, according to the National Centre of Meteorology (NCM).
