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CBUAE maintains 2024 growth forecast, dials back 2025 growth expectations on extension of oil supply cuts
The central bank dialed back its forecast for GDP and non-oil GDP growth in 2025
IMF sees oil GDP growing 6.7% next year, non-oil growth to come in at 4.5%
The Fund sees overall GDP growing at 4% this year, reverting to its initial forecast after revising it downwards to…
Chinese sovereign bond yields drop to their lowest since 2009 amid demand slowdown and as property market crisis enters fifth year
Developers in the country have defaulted on USD 130 bn bonds since the crisis began — including USD 15 bn…
THIS MORNING: UAEV to charge EV tariffs in January + GCC debt capital markets hit USD 1 tn
Plus: British Airways cancels flights to Abu Dhabi in the summer
THIS MORNING: CBUAE cuts rates by 25 bps in line with the Fed + Adia hits USD 1 tn AUM milestone
Plus: UAE led the region in terms of IPO proceeds this year
More asset managers eye ADGM
Plus: Dubai’s AED 2 bn Trump Tower will launch in 2Q 2025
Dubai inflation rises to 3.01% in November
The higher reading was driven by increased transport, housing, and energy costs
ADNH Catering ups stake in Saudi JV + Direct Debit System acquires the UK software company ElseWare
The CBUAE greenlights launching Nebras Open Finance
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