{"id":29027,"date":"2025-09-18T14:12:06","date_gmt":"2025-09-18T14:12:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/29027\/"},"modified":"2025-09-18T14:12:06","modified_gmt":"2025-09-18T14:12:06","slug":"how-fed-cuts-will-shape-gulf-spending-from-credit-cards-to-corporate-debt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/29027\/","title":{"rendered":"How Fed cuts will shape Gulf spending, from credit cards to corporate debt"},"content":{"rendered":"

The US interest rate cut<\/a> on Wednesday means lower borrowing costs<\/a>, more disposable income and a boost to spending across the US dollar-pegged economies in the Gulf and the Middle East.<\/p>\n

Sectors such as property, construction, retail, automotive, tourism and hospitality are expected to benefit, as consumer confidence and discretionary spending improve, analysts say. <\/p>\n

However, the scale of the trickledown effect from the rate cuts will vary, depending on fiscal buffers and the fundamental strength of respective economies in the region. <\/p>\n

\u201cFor consumers, a rate cut recalibrates financial behaviour by altering incentives for saving and spending,\u201d Daniel Takieddine, co-founder and chief executive of Sky Links Capital Group, said. <\/p>\n

\u201cWith returns on savings accounts diminished, the impetus to save weakens, while lower borrowing costs for mortgages, auto loans and personal credit make spending more attractive.” <\/p>\n

The shift is expected to drive consumption and boost spending, especially on big-ticket items such as cars and homes and will also improve consumer sentiment.<\/p>\n

\u201cFeeling more optimistic about the economy and their personal finances, households are more likely to increase discretionary spending,\u201d Mr Takieddine added. <\/p>\n

\u201cFor those with existing variable-The US Federal Reserve entering a new cycle of interest rate cuts has direct implications for most Gulf economies as well as for Jordan whose currencies are tied to the US dollar. Their central banks typically mirror the Fed’s moves in their monetary policy stance.<\/p>\n

The Fed cut US interest rates<\/a> by 25 basis points on Wednesday amid concerns over the strength of the labour market in the world’s largest economy. The rate-setting Federal Open Market Committee has lowered the benchmark rate to a range of 4 per cent to 4.25 per cent. <\/p>\n

The Fed’s quarter-point rate cut, the first since President Donald Trump resumed office in January, was widely expected by markets, traders and investors. <\/p>\n

The UAE Central Bank, which follows Fed decisions, also reduced rates<\/a> by 25 basis points after the announcement. The banking regulator said it would cut the base rate applied to its overnight deposit window by 25 basis points to 4.15 per cent, from 4.40, effective from Thursday.<\/p>\n

Analysts say lower interest rates tend to stimulate economic activity, as consumers and companies can borrow at lower rates for purchases and investment, which drives consumption and economic growth. <\/p>\n

New forecasts released by the Fed showed the central bank projects to cut rates by another 50 basis points this year, which would lower the federal funds rate to about 3.6 per cent in December.<\/p>\n

Upbeat consumer sentiment<\/p>\n

A drop in policy rates in the Gulf is a boon for consumers whose credit card debt and personal loans would carry lower interest. <\/p>\n

Vijay Valecha, chief investment officer at Century Financial, said it will not only free up cash but it also means cheaper mortgage rates, which would encourage people to buy homes. <\/p>\n

Demand for residential and commercial properties is set to increase, which is a good sign for the property market, said Shivam Dubey, associate partner of mortgage advisory at Youae Mortgages.<\/p>\n

The market could experience increased activity and the \u201cheightened demand could support property prices and stimulate overall market growth\u201d, he said. <\/p>\n

Because lower interest rates may discourage traditional saving, some homeowners may invest in renovations that enhance their property’s value, he added. <\/p>\n

For developers, lower global and regional borrowing costs reduce the financial burden of project financing and refinancing, according to a report by ValuStrat. <\/p>\n

Cheaper debt makes it easier to service existing loans, fund new construction and explore redevelopment projects. <\/p>\n

“Developers with strong balance sheets will be best positioned to take advantage of this environment, especially in prime locations where demand is resilient,” the report said. “However, while financing costs may ease, underlying fundamentals such as oversupply and demand shifts still determine project viability.” <\/p>\n

The retail sector is expected to be the biggest beneficiary of a rate cut and subsequent rise in consumption as customer confidence grows. <\/p>\n

Spending on durable goods, cars and luxury items is set to rise as lower loan servicing costs free up cash, Hamza Dweik, head of trading for Middle East and North Africa at Saxo Bank, said.<\/p>\n

In Jordan, where household debt levels are more sensitive to interest rate changes, a Fed cut may offer \u201cmeaningful relief\u201d, improve consumer sentiment and boost domestic consumption, he added. <\/p>\n

Improved investment opportunities<\/p>\n

Lower interest rates not only bring relief for households, they also ease financial pressure on governments and the corporate sector, analysts say. <\/p>\n

The move will stimulate state investments, especially in non-oil sectors, and support governments’ fiscal expansion efforts. <\/p>\n

For businesses in the Gulf, lower interest rates would help companies gain easier access to capital, potentially reigniting momentum in property and infrastructure development, Mr Dweik said.<\/p>\n

Banks may record a \u201cslight compression\u201d in net interest margins but this may be offset by higher lending volumes and better asset quality, he added.<\/p>\n

\u201cInvestment flows might shift away from fixed-income instruments towards equities and real estate, as lower rates reduce returns on traditional savings,\u201d Mr Dweik added. <\/p>\n

Deposit rates would also probably fall, encouraging people to explore alternative asset classes, including stocks and cryptocurrencies, he said.<\/p>\n

‘Tailwind’ for Gulf economies<\/p>\n

From a macroeconomic perspective, the rate cut is a positive development for the UAE as well its peers in the Gulf, according to analysts. <\/p>\n

The strong gross domestic product and foreign reserves of the UAE, the Arab world’s second largest economy, mean the country has \u201cample capacity to absorb and transmit the benefits of easier financial conditions\u201d, Mr Valecha said.<\/p>\n

In the Gulf, central banks collectively hold more than $760 billion in foreign assets, providing substantial external buffers, which means lower policy rates can effectively reduce sovereign and corporate refinancing costs, and support diversification programmes such as Saudi Vision 2030 and the UAE\u2019s industrial sector growth strategy, he added. <\/p>\n

While Jordan will benefit from the rate cut, it faces fundamental constraints because of its high public debt ratio of nearly 117 per cent of GDP.<\/p>\n

\u201cFiscal pressures and elevated debt servicing mean less room for government spending to complement monetary easing,\u201d Mr Valecha said.<\/p>\n

\u201cNonetheless, households and small businesses would benefit from lower borrowing costs on loans and mortgages, easing financial stress in an economy where private consumption makes up more than 80 per cent of GDP.\u201d<\/p>\n

Jordan will have \u201cmodest relief\u201d compared to Gulf countries but that is still important for sustaining domestic demand. <\/p>\n

\u201cOverall, a Fed cut would act as a tailwind, lifting growth, confidence, and investment across the UAE and GCC, while offering Jordan a measure of relief against tighter fiscal realities,\u201d Mr Valecha said.<\/p>\n

Inflation growth in the region, particularly in the UAE, has also remained muted in past several quarters, which also encourages higher consumer spending.<\/p>\n

Inflation in the UAE stood at 1.4 per cent in the first quarter of 2025 and the central bank has slightly revised down its inflation forecast for 2025 to 1.9 per cent from 2 per cent. <\/p>\n

The CBUAE has also lowered its inflation estimate for 2026 to 1.9 per cent from 2.1 per cent.<\/p>\n

\u201cThe inflation trend in the region has been benign, with interest rates higher than required,\u201d Monica Malik, chief economist at Abu Dhabi Commercial Bank, said. <\/p>\n

\u201cAs such, the expected rate cuts will be positive for sentiment, consumption activity and credit demand. The lower rates will also be welcome for the corporate segment,\u201d she added. <\/p>\n

The rate cut may help counteract \u201cglobal disinflationary pressures and support domestic demand\u201d without significantly stoking consumer prices in the Gulf region, Mr Dweik said.<\/p>\n

\u201cA weaker dollar, typically associated with Fed easing, might also support oil prices, benefiting GCC exporters,\u201d he added. \u201cHowever, volatility in energy markets remains a risk, especially as global demand patterns evolve.\u201d <\/p>\n

While the Fed rate cuts will have positive implications for the dollar-pegged economies of the region, it does raise questions about the syncing of business cycles in the US compared to the Gulf. <\/p>\n

“Clearly fed cuts automatically translate into an easing of financial conditions in pegged economies, which is pro-growth and therefore good news for most sectors,” Farouk Soussa, Mena economist at Goldman Sachs, said.<\/p>\n

“But it does raise questions of whether a one size fits all monetary policy is appropriate if business cycles in the GCC and the US are out of sync.”<\/p>\n

An example of this is the housing sector, where valuations are rising steeply in the UAE, for example, and rents rising sharply in Saudi, he said.<\/p>\n

“A cut in rates potentially inflates prices even more in these markets, which may not necessarily be welcome.” <\/p>\n

KILLING OF QASSEM SULEIMANIHow to tell if your child is being bullied at school<\/p>\n

Sudden change in behaviour or displays higher levels of stress or anxiety<\/p>\n

Shows signs of depression or isolation<\/p>\n

Ability to sleep well diminishes<\/p>\n

Academic performance begins to\u00a0deteriorate<\/p>\n

Changes in eating habits<\/p>\n

Struggles to concentrate<\/p>\n

Refuses\u00a0to go to school<\/p>\n

Behaviour changes and is aggressive towards siblings<\/p>\n

Begins to use language they do not normally use<\/p>\n

Results:<\/p>\n

Women:<\/p>\n

1. Rhiannan Iffland (AUS) 322.95 points
2. Lysanne Richard (CAN) 285.75
3. Ellie Smart (USA) 277.70<\/p>\n

Men:<\/p>\n

1. Gary Hunt (GBR) 431.55
2. Constantin Popovici (ROU) 424.65
3. Oleksiy Prygorov (UKR) 392.30<\/p>\n

Results<\/p>\n

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m. Winner: Majd Al Megirat, Sam Hitchcott (jockey), Ahmed Al Shehhi (trainer)<\/p>\n

5.30pm: Handicap (PA) Dh80,000 (T) 1,600m. Winner: Dassan Da, Patrick Cosgrave, Helal Al Alawi<\/p>\n

6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Heba Al Wathba, Richard Mullen, Jean de Roualle<\/p>\n

6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi<\/p>\n

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m. Winner: Jawal Al Reef, Richard Mullen, Ahmed Al Mehairbi<\/p>\n

Handicap (TB) Dh100,000 (T) 2,200m. Winner: Harbour Spirit, Adrie de Vries, Jaber Ramadhan.<\/p>\n

Killing of Qassem SuleimaniKey facilities
\nOlympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m\/25m training lanes
\nPremier League-standard football pitch
\n400m Olympic running track
\nNBA-spec basketball court with auditorium
\n600-seat auditorium
\nSpaces for historical and cultural exploration
\nAn elevated football field that doubles as a helipad
\nSpecialist robotics and science laboratories
\nAR and VR-enabled learning centres
\nDisruption Lab and Research Centre for developing entrepreneurial skills
\nPremier League results<\/p>\n

Saturday<\/p>\n

Crystal Palace 1 Brighton & Hove Albion 2<\/p>\n

Cardiff City 2 West Ham United 0<\/p>\n

Huddersfield Town 0 Bournemouth 2<\/p>\n

Leicester City 3 Fulham 1<\/p>\n

Newcastle United 3 Everton 2<\/p>\n

Southampton 2 Tottenham Hotspur\u00a01<\/p>\n

Manchester City 3 Watford 1<\/p>\n

Sunday<\/p>\n

Liverpool 4 Burnley 2<\/p>\n

Chelsea 1 Wolverhampton Wanderers 1<\/p>\n

Arsenal 2 Manchester United 0<\/p>\n

\u00a0<\/p>\n

Killing of Qassem SuleimaniNew Zealand 15 British & Irish Lions 15<\/p>\n

New Zealand 15
Tries:\u00a0Laumape, J Barrett
Conversions:\u00a0B Barrett
Penalties:\u00a0B Barrett<\/p>\n

British & Irish Lions 15
Penalties: Farrell (4), Daly<\/p>\n

UAE currency: the story behind the money in your pocketsUAE currency: the story behind the money in your pocketsSkewed figures<\/p>\n

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village’s Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around \u00a3300,000, \u00a350,000 more than the Cornish average of \u00a3250,000. The local average wage is \u00a315,458.\u00a0<\/p>\n

%E2%80%98White%20Elephant%E2%80%99<\/p>\n

%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jesse%20V%20Johnson%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Michael%20Rooker%2C%20Bruce%20Willis%2C%20John%20Malkovich%2C%20Olga%20Kurylenko%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A<\/p>\n

POSSIBLE ENGLAND EURO 2020 SQUAD<\/p>\n

Goalkeepers: Jordan Pickford, Nick Pope, Dean Henderson.
Defenders: Trent Alexander-Arnold, Kieran Trippier, Joe Gomez, John Stones, Harry Maguire, Tyrone Mings, Ben Chilwell, Fabian Delph.
Midfielders: Declan Rice, Harry Winks, Jordan Henderson, Ross Barkley, Mason Mount, Alex Oxlade-Chamberlain.
Forwards: Harry Kane, Raheem Sterling, Marcus Rashford, Jadon Sancho, Tammy Abraham, Callum Hudson-Odoi.<\/p>\n

More from Rashmee Roshan LallZayed Sustainability PrizeThe\u00a0five\u00a0pillars\u00a0of\u00a0IslamThe five pillars of IslamGifts exchanged
\nKing Charles – replica of President Eisenhower Sword
\nQueen Camilla –\u00a0 Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
\nDonald Trump – hand-bound leather book with Declaration of Independence
\nMelania Trump – personalised Anya Hindmarch handbag
\nMohammed bin Zayed MajlisSafety ‘top priority’ for rival hyperloop company<\/p>\n

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company’s hyperloop technology is \u201cready\u201d and safe.<\/p>\n

He said the company\u00a0prioritised safety throughout its development and, last year, Munich Re, one of the world’s\u00a0largest reinsurance companies, announced\u00a0it was ready to insure their technology.<\/p>\n

\u201cOur levitation, propulsion, and vacuum technology have all been developed […] over several decades and have been deployed and tested at full scale,\u201d he said in a statement to The National.<\/p>\n

\u201cOnly once the system has been certified and approved\u00a0will it move people,\u201d he said.<\/p>\n

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.\u00a0<\/p>\n

With no\u00a0delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.<\/p>\n

Aston martin DBX specs<\/p>\n

Engine: 4.0-litre twin-turbo V8<\/p>\n

Transmission: nine-speed automatic<\/p>\n

Power: 542bhp<\/p>\n

Torque: 700Nm<\/p>\n

Top speed: 291kph<\/p>\n

Price: Dh848,000<\/p>\n

On sale:\u00a0Q2, 2020
\u00a0<\/p>\n

More on animal traffickingIraq negotiating over Iran sanctions impact
\n\tUS\u00a0sanctions on\u00a0Iran\u2019s energy industry and exports took effect on Monday, November 5.
\n\tWashington issued formal waivers to eight buyers of Iranian oil, allowing them to continue limited imports. Iraq did not receive a waiver.
\n\tIraq\u2019s government is cooperating with the US\u00a0to contain Iranian influence in the country, and increased Iraqi oil production is helping to make up for Iranian crude that sanctions are blocking from markets, US officials say.
\n\tIraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, pumped last month at a record 4.78 million barrels a day, former Oil Minister Jabbar Al-Luaibi said on Oct. 20. Iraq exported 3.83 million barrels a day last month, according to tanker tracking and data from port agents.
\n\tIraq has been working to restore production at its northern Kirkuk oil field. Kirkuk could add 200,000 barrels a day of oil to Iraq\u2019s total output, Hook said.
\n\tThe country stopped trucking Kirkuk oil to\u00a0Iran\u00a0about three weeks ago, in line with U.S. sanctions, according to four people with knowledge of the matter who asked not to be identified because they aren\u2019t allowed to speak to media.
\n\tOil exports from\u00a0Iran, OPEC\u2019s third-largest supplier, have slumped since President Donald Trump announced in May that he\u2019d reimpose sanctions.\u00a0Iran\u00a0shipped about 1.76 million barrels a day in October out of 3.42 million in total production, data compiled by Bloomberg show.
\n\tBenchmark Brent crude fell 47 cents to $72.70 a barrel in London trading at 7:26 a.m. local time. U.S. West Texas Intermediate was 25 cents lower at $62.85 a barrel in New York. WTI held near the lowest level in seven months as concerns of a tightening market eased after the U.S. granted its waivers to buyers of Iranian crude.<\/p>\n

Naga<\/p>\n

%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EMeshal%20Al%20Jaser%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3EAdwa%20Bader%2C%20Yazeed%20Almajyul%2C%20Khalid%20Bin%20Shaddad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A<\/p>\n

Mohammed bin Zayed MajlisKill%20<\/p>\n

%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nikhil%20Nagesh%20Bhat%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3C%2Fstrong%3E%3A%20Lakshya%2C%20Tanya%20Maniktala%2C%20Ashish%20Vidyarthi%2C%20Harsh%20Chhaya%2C%20Raghav%20Juyal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204.5%2F5%3Cbr%3E%3C%2Fp%3E%0A<\/p>\n

The years Ramadan fell in MayEvacuations to France hit by controversy
\nOver 500 Gazans have been evacuated to France since November 2023
\nEvacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
\nThe Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
\nArtists and researchers fall under a programme called Pause that began in 2017
\nIt has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
\nSince the start of the Gaza war, it has also included 45 Gazan beneficiaries
\nUnlike students, they are allowed to bring their families to France
\nUAE currency: the story behind the money in your pocketsThe five pillars of Islam<\/p>\n

6.30pm\u00a0Meydan Classic Trial US$100,000 (Turf) 1,400m<\/p>\n

Winner\u00a0Bella Fever, Dane O\u2019Neill (jockey), Mike de Kock (trainer).<\/p>\n

7.05pm\u00a0Handicap $135,000 (T) 1,400m<\/p>\n

Winner\u00a0Woven, Harry Bentley, David Simcock.<\/p>\n

7.40pm\u00a0UAE 2000 Guineas Group Three $250,000 (Dirt) 1,600m<\/p>\n

Winner\u00a0Fore Left, William Buick, Doug O\u2019Neill.<\/p>\n

8.15pm\u00a0Dubai Sprint Listed Handicap $175,000 (T) 1,200m<\/p>\n

Winner\u00a0Rusumaat, Dane O\u2019Neill, Musabah Al Muhairi.<\/p>\n

8.50pm\u00a0Al Maktoum Challenge Round-2 Group Two $450,000 (D) 1,900m<\/p>\n

Winner\u00a0Benbatl, Christophe Soumillon, Saeed bin Suroor.<\/p>\n

9.25pm\u00a0Handicap $135,000 (T) 1,800m<\/p>\n

Winner\u00a0Art Du Val, William Buick, Charlie Appleby.<\/p>\n

10pm Handicap $135,000 (T) 1,400m<\/p>\n

Winner\u00a0Beyond Reason, William Buick, Charlie Appleby.<\/p>\n

The years Ramadan fell in MayMore from Neighbourhood Watch:The Voice of Hind Rajab<\/p>\n

Starring: Saja Kilani, Clara Khoury, Motaz Malhees<\/p>\n

Director: Kaouther Ben Hania<\/p>\n

Rating: 4\/5<\/p>\n

Jebel Ali results<\/p>\n

2pm: Handicap (PA) Dh 50,000 (Dirt) 1,400m<\/p>\n

Winner: AF Al Moreeb, Antonio Fresu (jockey), Ernst Oertel (trainer)<\/p>\n

2.30pm: Maiden (TB) Dh 60,000 (D) 1,400m<\/p>\n

Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard<\/p>\n

3pm: Handicap (TB) Dh 64,000 (D) 1,600m<\/p>\n

Winner: One Vision, Connor Beasley, Ali Rashid Al Raihe<\/p>\n

3.30pm: Conditions (TB) Dh 100,000 (D) 1,600m<\/p>\n

Winner: Gabr, Sam Hitchcott, Doug Watson<\/p>\n

4pm: Handicap (TB) Dh 96,000 (D) 1,800m<\/p>\n

Winner: Just A Penny, Sam Hitchcock, Doug Watson<\/p>\n

4.30pm: Maiden (TB) Dh 60,000 (D) 1,600m<\/p>\n

Winner: Torno Subito, Sam Hitchcock, Doug Watson<\/p>\n

5pm: Handicap (TB) Dh 76,000 (D) 1,950m<\/p>\n

Winner: Untold Secret, Jose Santiago, Salem bin Ghadayer<\/p>\n

ABU DHABI CARD<\/p>\n

5pm: UAE Martyrs Cup (TB) Conditions;\u00a0Dh90,000; 2,200m
5.30pm: Wathba Stallions Cup (PA) Handicap;\u00a0Dh70,000; 1,400m\u200b\u200b\u200b\u200b\u200b\u200b\u200b
6pm: UAE Matyrs Trophy (PA) Maiden;\u00a0Dh80,000; 1,600m\u200b\u200b\u200b\u200b\u200b\u200b\u200b
6.30pm: Sheikha Fatima bint Mubarak (IFAHR) Apprentice Championship (PA) Prestige;\u00a0Dh100,000; 1,600m\u200b\u200b\u200b\u200b\u200b\u200b\u200b
7pm: Sheikha Fatima bint Mubarak (IFAHR) Ladies World Championship (PA) Prestige;\u00a0Dh125,000; 1,600m\u200b\u200b\u200b\u200b\u200b\u200b\u200b
8pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Group 1; Dh5,000,000; 1,600m<\/p>\n

RESULTS<\/p>\n

6.30pm\u00a0Handicap (TB) US$65,000 (Dirt) 1,400m<\/p>\n

Winner\u00a0Golden Goal, Pat Dobbs (jockey), Doug Watson (trainer)<\/p>\n

7.05pm\u00a0Dubai Racing Club Classic Listed Handicap (TB) $88,000 (Turf) 2,410m<\/p>\n

Winner: Walton Street, William Buick, Charlie Appleby.<\/p>\n

7.40pm\u00a0Dubai Stakes Group 3 (TB) $130,000 (D) 1,200m<\/p>\n

Winner\u00a0Switzerland, Tadhg O\u2019Shea, Satish Seemar<\/p>\n

8.15pm Singspiel Stakes Group 3 (TB) $163,000 (T) 1,800m<\/p>\n

Winner\u00a0Lord Giltters, Adrie de Vries, David O\u2019Meara<\/p>\n

8.50pm\u00a0Al Maktoum Challenge Round-1 (TB) $228,000 (D) 1,600m<\/p>\n

Winner\u00a0Military Law, Antonio Fresu, Musabah Al Muhairi.<\/p>\n

9.25pm\u00a0Al Fahidi Fort Group 2 (TB) $163,000 (T) 1,400m<\/p>\n

Winner\u00a0Land Of Legends, Frankie Dettori, Saeed bin Suroor<\/p>\n

10pm\u00a0Dubai Dash Listed Handicap (TB) $88,000 (T) 1,000m<\/p>\n

Winner\u00a0Equilateral, Frankie Dettori, Charles Hills.<\/p>\n

Zayed Sustainability PrizeMohammed bin Zayed MajlisMore coverage from the Future ForumRead more about the coronavirusThe burning issue<\/p>\n

The\u00a0internal combustion engine is facing a watershed moment \u2013\u00a0major manufacturer\u00a0Volvo\u00a0is to stop\u00a0producing petroleum-powered vehicles by 2021\u00a0and countries in Europe, including the UK, have vowed to ban their sale before 2040.\u00a0The National\u00a0takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.\u00a0<\/p>\n

Read part four:\u00a0an affection for classic cars lives on<\/a><\/p>\n

Read part three:\u00a0the age of the electric vehicle begins<\/a><\/p>\n

Read part one:\u00a0how cars came to the UAE<\/a><\/p>\n

\u00a0<\/p>\n

Killing of Qassem SuleimaniMore from Armen SarkissianZayed Sustainability Prize<\/p>\n

KEY HIGHLIGHTS<\/p>\n

Healthcare spending to double to\u00a0$2.2 trillion rupees<\/p>\n

Launched a 641billion-rupee\u00a0federal health scheme<\/p>\n

Allotted 200 billion rupees for the recapitalisation of state-run banks<\/p>\n

Around 1.75 trillion rupees allotted\u00a0for\u00a0privatisation and stake sales in state-owned assets<\/p>\n

Ain Dubai in numbers<\/p>\n

126: The length in metres of the legs supporting the structure<\/p>\n

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch<\/p>\n

16 A380 Airbuses: The equivalent weight of the wheel rim.<\/p>\n

9,000 tonnes: The amount of steel used to construct the project.<\/p>\n

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place<\/p>\n

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.<\/p>\n

Aggro%20Dr1ft<\/p>\n

%3Cp%3EDirector%3A%20Harmony%20Korine%3Cbr%3EStars%3A%20Jordi%20Molla%2C%20Travis%20Scott%3Cbr%3ERating%3A%202%2F5%3C%2Fp%3E%0A<\/p>\n

Singham Again<\/p>\n

Director: Rohit Shetty<\/p>\n

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone<\/p>\n

Rating: 3\/5<\/p>\n

Why seagrass matters
\nCarbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
\nMarine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
\nBiodiversity: Support species like sea turtles, dugongs, and seabirds
\nCoastal protection: Reduce erosion and improve water quality<\/p>\n","protected":false},"excerpt":{"rendered":"The US interest rate cut on Wednesday means lower borrowing costs, more disposable income and a boost to…\n","protected":false},"author":2,"featured_media":29028,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,7889,113,1961,23752,61,60,23753,1284,329,3314],"class_list":["post-29027","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-business-team","tag-economy","tag-federal-reserve","tag-gcc","tag-ie","tag-ireland","tag-jordan","tag-standard","tag-story","tag-uae"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/29027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=29027"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/29027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/29028"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=29027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=29027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=29027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}