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What is the rate of DIBOR?
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What is DIBOR rate?
DIBOR, or Dubai Interbank Offered Rate, is the average interest rate at which banks in Dubai are willing to lend to one another for short-term loans. It serves as a benchmark for various financial products, including loans and mortgages in the UAE. DIBOR is calculated based on the rates submitted by a panel of banks and is published daily, reflecting the cost of borrowing in the interbank market. It plays a crucial role in the UAE's financial system and influences lending rates across the economy.
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