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THIS MORNING: Lulu Retail shares are rising days after its debut + Pure Harvest eyes IPO in 2027
Plus: UAE landed the 26th spot globally and the first among Arab countries on the 2023 Global Knowledge Index
Dubai inflation dips for the second month in a row in October
The consumer price index in Dubai eased to 2.38%, down from September’s 2.5%
Dubai’s GDP grew 3.3% in 2Q 2024
The wholesale and retail sector was the top contributor to the economy
UAE unveils new strategy to triple FDI by 2031
The strategy was revealed during the 2024 UAE Government Annual Meetings
Non-oil business activity saw slight pickup in October
Demand momentum declined to its weakest level in 20 months
IMF lowers MENA growth forecast amid regional conflicts and oil cuts
The IMF revised its growth forecast for the region downward to 2.1% this year, and 4% in 2025
Jobs grew 8% q-o-q in 3Q 2024 -Cooper Fitch
The GCC’s top hiring industries include real estate and consulting
Dubai ruler approves record AED 272 bn budget for 2025-2027
Revenues will come in at AED 302 bn over the next three years
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