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Analysts eye clarity on size, pace of rate cuts at Jackson Hole
Markets are pricing in a 25 bps rate cut, but leaving open a chance of a larger 50 bps rate…
Dubai inflation hits seven-month low in July
The consumer price index in Dubai eased to 3.32%, down from June’s 3.85%
GulfNav’s Brooge acquisition could take place this month
PLUS: ICV program has redirected over AED 48 bn to the economy in 1H 2024
Abu Dhabi’s annual inflation reaches 1.1% in 2Q
Quarterly inflation rose 0.6% in 2Q
Non-oil business activity slows to a three year low in July
Plus: Dubai’s PMI slipped to 52.9 last month
CBUAE holds rates steady
The UAE’s overnight deposit rate is anchored to the Fed’s
THIS MORNING: Indian importers cease imports of silver and platinum from the UAE + Chilean president to visit the UAE next week
Plus: Sukuk issuances to fall in the summer
Dubai’s GDP grew 3.2% in 1Q 2024
The wholesale and retail sector was the top contributor to GDP
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