Stricter requirements were put in place to prevent potential misuse of visit visas and ensure that applicants can sustain themselves during their stay
uae20 hours ago
The Central Bank of the UAE on Thursday decided to cut the base rate applicable to the overnight deposit facility (ODF) by 25 basis points from 4.90% to 4.65%, effective from Friday, November 8.
The move follows the Federal Reserve's decision to cut U.S. rates by a quarter percentage point.
The US Federal Reserve shrugged off political uncertainty in Washington and moved ahead with a quarter-point rate cut Thursday, easing monetary policy further as inflation continues to cool.
Policymakers voted unanimously to lower the US central bank's key lending rate to between 4.50 percent and 4.75 percent, the Fed announced in a statement, noting that "labor market conditions have generally eased."
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