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THIS MORNING: More family offices, lenders set up shop in Dubai + Kenya eyes USD 1.5 bn bailout from the UAE
Plus: NeoPay to expand in the region?
Budget surplus widens in 2Q 2024
Total expenses climbed to AED 95.63 bn in 2Q 2024
THIS MORNING: Chip giants to set up manufacturing operations in the UAE? + Masdar closer to acquiring Saeta Yield
Plus: MGM Casinos applies for Abu Dhabi license
UAE-based CEOs among the most bullish in the region -KPMG
100% of Emirati CEOs plan to recruit more hires in the next three years
CBUAE follows Fed’s lead with first rate cut in years
The news is welcome for GCC countries considering the weakened outlook for oil
Nationwide inflation was up 2.08% in 1H 2024
Month-on-month, inflation increased in the first few months of the year
GDP grew 3.4% in 1Q
The biggest driver of growth in the non-oil sector was financial and ins. services
Credit demand rose in 2Q 2024, CBUAE says
Higher interest rates continue to weigh on demand
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