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S&P Global sees the UAE’s economy growing by 5.1% in 2025
The agency expects the UAE’s non-oil economy to maintain its momentum in 2025
All eyes are on US inflation data this week, while China faces deflationary pressures
US core CPI likely rose 0.3% in February, while China’s CPI fell 0.7%
Credit demand maintains its growth trajectory in 4Q 2024 -CBUAE
Demand rose due to greater investment, working capital needs, and robust economic conditions
Gov’t revenues reached AED 533.3 bn in 2024
Total expenditures amounted to AED 443.8 bn throughout the year
THIS MORNING: Adnoc eyes acquisitions of natgas fields in the US -report + Sharjah’s economy to grow 7.5% this year?
Plus: GCC Interconnection to award tender for UAE expansion within two months
Non-oil activity holds steady in February
The headline figure stood at 55.0 in February, remaining unchanged from January
THIS MORNING: Etihad to push back its IPO to after Eid al Fitr + Real GDP grew 3.8% in 9M 2024
Plus: Emirates invests nearly USD 5 bn into retrofit program amid persistent aircraft delays
The UAE is on track for 7% annual economic growth soon -Al Marri
Elevated inflation and high interest rates are the main challenges
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