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Expectations of only one rate cut this year rise as the Fed wraps two-day meeting today
The prediction preceded the Fed’s June meeting, set to end today
Abu Dhabi’s annual 1Q inflation hit 0.8%
Quarterly inflation decreased to 0.6% in 1Q
Pilot central bank digital currency platform reaches MVP stage
The mBridge MVP is the first phase of the CBUAE’s broader CBDC strategy
PMI growth softens in May amid post-flood disruptions
Dubai’s business activity also slumped to a 15-month low
NMDC Energy to set up AED 367 mn facility in Kezad + Dubai public beaches get a revamp
NMDC Energy will invest some AED 367 mn (USD 100 mn) into the facility, which is expected to create 3k…
Fuel prices slashed for the first time in five months
Plus: Outdoor work will be limited as of 15 June in time for summer
Credit demand remained robust in 1Q 2024 -CBUAE
Dubai saw the strongest demand for business loans
UAE economy to be a “top performer” in the GCC this year –World Bank
GDP is lifted up by higher oil output and a global economic recovery
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