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The UAE kept its key interest rate unchanged at 3.90 percent after the US Federal Reserve paused its tightening cycle in October, leaving borrowing conditions in the Emirates steady following last month’s rate increase. The Central Bank of the UAE maintained the Base Rate applicable to its Overnight Deposit Facility at 3.90 percent after the […]
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UBS has raised its year-end forecast for Brent crude oil to $110 per barrel from $100 as persistent Middle East supply risks, falling global inventories and record shipping costs keep the oil market tight despite a recovery in Gulf crude flows. The Swiss bank also lifted its Brent forecasts for 2027, raising its March estimate […]
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Abu Dhabi apartment asking prices increased by as much as 9.2 percent in the third quarter of 2026 across selected affordable and mid-tier communities, while demand remained spread across budget, luxury and ultra-luxury segments, according to Bayut. Mid-tier apartments in Baniyas recorded the largest increase among the areas highlighted in Bayut’s Q3 analysis, with average […...
Global commodity prices are set to rise 23 percent in 2026 as conflict in the Middle East, depleted oil inventories, disrupted grain shipments and weather risks drive up energy, food and metals costs, according to the World Bank’s latest Commodity Markets Outlook. The October forecast marks a substantial deterioration from April, when the World Bank […]
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Dubai residential property asking prices remained broadly stable across many of the city’s most searched communities in the third quarter of 2026, while a majority of buyers surveyed by Bayut and dubizzle remained optimistic about the market’s longer-term outlook. Average asking-price movements in popular affordable and mid-tier areas generally remained below 3 percent during...