US Interest Rate Reduction Boosts Growth in the UAE

The decision to cut interest rates, which is expected to be taken by the US Federal Reserve at its next round of meetings on Tuesday, will have a positive impact on the economies of GCC member states in general and the economy. Emirati economy in particular, said economists and badysts.

Experts said the expected reduction of 25 basis points would make borrowing cheaper for investors in the UAE and the rest of the region, while substantially boosting foreign investment flows in the region. the country, as well as its expected impact on the recovery of the UAE real estate market, as a result of interest rate cuts.

"Interest rate cuts will encourage UAE investors to borrow, which will boost growth," experts said. The decline will also have a positive impact on the real estate sector, which consists in lowering interest rates on loans, making the purchase of real estate in the country more attractive, as well as its role in reducing the burden of loans. ready for existing buyers ".

"The weak dollar and lower interest rates will raise the price of gold, so investment in gold will become one of the most important elements for investors in the region."