Business News from Thursday, January 30th, 2025

Dubai strengthens retail portfolio with Nad Al Sheba Mall

Dubai is set to welcome another major retail hub with the upcoming opening of Nad Al Sheba Mall in April 2025.
CBUAE keeps interest rates unchanged at 4.4%

The Central Bank of the UAE (CBUAE) has maintained the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 per cent, following Wednesday's US Federal Reserve’s announcement to keep the Interest Rate on Reserve Balances (IORB) unchanged.
MBRSC, SpaceData sign agreement to advance digital twin technology

The Mohammed Bin Rashid Space Centre (MBRSC) has signed an agreement with Tokyo-based R&D startup SpaceData to fuse the digital and space spheres.

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