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No slowdown in Dubai rent prices this year + Cost of living is on the rise
PLUS: IPOs in the UAE raised AED 4.8 bn so far this year
GDP growth picked up steam in 4Q 2023 -CBUAE
Inflation to ease to 2.3% y-o-y in 2024
Dubai accounted for more than half of tech FDI into the region last year –fDI Markets
Overall, the UAE attracted 257 projects in 2023
CBUAE revises its GDP growth forecast for 2024 downward
The central bank expects the economy will grow at a 3.9% clip in 2024
CBUAE holds rates steady
The central bank maintained its overnight deposit rate at 5.40%
Expectations of only one rate cut this year rise as the Fed wraps two-day meeting today
The prediction preceded the Fed’s June meeting, set to end today
Abu Dhabi’s annual 1Q inflation hit 0.8%
Quarterly inflation decreased to 0.6% in 1Q
PMI growth softens in May amid post-flood disruptions
Dubai’s business activity also slumped to a 15-month low
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