11 Dec 2025. The US Federal Reserve has cut rates by 25 basis points, and the UAE Central Bank followed immediately. Economist Ed Bell breaks down what the move means for borrowing, inflation and the wider UAE economy. Plus, Wafi Group and ALMAD Group reveal a major new joint venture to transform Wafi City,  announced exclusively on The Business Breakfast. And Binance has secured a full licence for all three of its entities from ADGM. We speak to the company’s CMO about what this milestone means for crypto in the UAE.