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THIS MORNING: Chip giants to set up manufacturing operations in the UAE? + Masdar closer to acquiring Saeta Yield
Plus: MGM Casinos applies for Abu Dhabi license
UAE-based CEOs among the most bullish in the region -KPMG
100% of Emirati CEOs plan to recruit more hires in the next three years
CBUAE follows Fed’s lead with first rate cut in years
The news is welcome for GCC countries considering the weakened outlook for oil
Nationwide inflation was up 2.08% in 1H 2024
Month-on-month, inflation increased in the first few months of the year
GDP grew 3.4% in 1Q
The biggest driver of growth in the non-oil sector was financial and ins. services
Business leaders see a strong year ahead for UAE + wider GCC
Emirati respondents were the second most bullish across Gulf countries
Business activity in non-oil economy gained steam last month
Non-oil business activity inched up to 54.2 in August, from 53.7 in July
Foreign trade hit an all-time high of AED 1.395 tn in 1H
Non-oil exports rose by 25% y-o-y
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