THIS MORNING: CBUAE keeps rates unchanged following Fed’s move
Plus: Dubai’s RTA launches tender to develop e-bikes’ battery charging and swapping stations
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Plus: Dubai’s RTA launches tender to develop e-bikes’ battery charging and swapping stations
The Fund also cut the UAE’s oil GDP forecast for 2025 to over 2%, down from 6.7% earlier
Top picks: Adnoc Drilling, DIB, Emaar, and Dewa
The bank’s forecast sees the oil and non-oil sectors expanding at the same pace
Dubai’s annual inflation fell to 2.89% in December, down from 3.01% in November
The bank previously saw the economy growing at a 4.1% clip in 2025
The ratings are supported by the UAE’s stable political environment, high GDP per capita, and solid banking system
Plus: UAE consumers to splurge more on dining out in 2025
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