UAE Mortgages and Home Loans Set for Price Hike as Fed Raises Rates

The US Federal Reserve has raised interest rates by 25 basis points, which could push borrowing costs higher across the GCC. The Federal Reserve increased its key rate to 3.75% to 4%, up from 3.5% to 3.75%. The decision came despite opposition from US President Donald Trump, who had called for lower rates. Following the decision, the UAE, […]

Dubai Approves New 80km Road to Cut Abu Dhabi-Sharjah Journey Times by 60%

The AED3.5bn first phase of Dubai’s new Fourth Corridor will connect key areas across the emirate and significantly reduce travel times. Dubai has approved a new 80km Fourth Corridor connecting Al Faya Road in Abu Dhabi with Al Shanouf Road in Sharjah through Dubai. The new route will create an important road link between the three emirates. […]