EIBOR: (EMIRATES INTER BANK OFFERED RATE) IS SET BY UAE CENTRAL BANK AND CONSIDERED THE OFFICIAL PROFIT RATE AMONG UAE BANKS (THE PROFIT RATE AT WHICH UAE BANKS LEND EACH OTHER).

EIBOR IS VARIABLE AND CHANGES AT FIXED STANDARDS AND SO EIBOR AFFECTS THE PROFIT RATES WHICH UAE BANKS IMPOSE ON THEIR CUSTOMERS.

YOU CAN CHECK EIBOR HERE.