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Non-oil business sees slower growth in June amid increased competition and accumulated backlogs
Dubai’s PMI slipped to 54.3 last month
Sharjah launches AED 1 bn sukuk auction
Plus: CBUAE wants to slash red tape
BIS warns against slashing interest rates too soon
Central banks should keep an eye on risks like high public debt and falling property values
Ajman’s economy grew 6.25% in 2023
Manufacturing accounted for nearly 19% of GDP
We’re paying less at the pump this month, again
Plus: New regulations for social media ads take effect today
UAE’s FCY issuer default rating affirmed at AA-
The rating agency expects a fiscal surplus for the next three years
Abu Dhabi’s FCY issuer default rating affirmed at AA
The ratings agency expects a fiscal surplus for the next two years, albeit at narrower rates
CBUAE issues regulatory sandbox for fintechs
Businesses must launch their products in the UAE after exiting the sandbox
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