The Fed keeps interest rates on hold as expected

29 Jan 2026. The US Federal Reserve has kept interest rates on hold, as expected and the UAE Central Bank has followed suit, despite renewed pressure from President Trump for lower borrowing costs. Economist Daniel Richards explains what it means for the region. Plus, with gold prices at record levels, we get a first look at the World Gold Council’s annual report and where the yellow metal could be headed. And Emirates is reviving a luxury icon, investing $50 million to transform Wolgan Valley into the world’s first Ritz-Carlton Lodge, Tom speaks to Emirates’ Barry Brown.

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