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Capital Economics sees the UAE’s GDP growing to 4.5% in 2025
Growth will be driven by “a combination of stronger oil output and a thriving non-oil economy”
THIS MORNING: Taqa revives talks for a stake in Spanish gas producer and renewables firm Naturgy -report + global energy demand grew 2.2% in 2024
Plus: Dana Gas mulls USD 500 mn bond or sukuk issuance
Dubai inflation held steady at 3.15% in February
The index saw inflation rise 0.54% m-o-m
Fed holds rates steady, warns of rising inflation and slower economic growth
The Fed lowered its GDP growth forecast for the US to 1.7%, down from 2.1%
THIS MORNING: CBUAE holds rates steady following the Fed’s move + xAI, Nvidia join MGX-backed AI Infrastructure Partnership
Plus: Dubai’s rapid vehicle growth intensifies traffic crisis, sparks policy debate
FMCG sector grew 5.5% last year -NielsenIQ
E-commerce played a key role, with FMCG online sales rising 29%
CBUAE, ICAEW are upbeat on the UAE’s growth this year
The central bank revised up its forecast for GDP by 0.2 percentage points to 4.7%
THIS MORNING: Interest rate decision coming today + Zapp to come to the UAE?
Plus: Mubadala eyes consortium to launch Brazil stock exchange
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