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US inflation slips in May, boosting hopes of more rate cuts this year despite policymakers signaling one rate cut
Plus: Is Saudi Arabia mulling changes to its capital markets tax regime?
NMC Healthcare is eyeing an IPO + More hedge funds plan expansions to Abu Dhabi
Plus: G7 summit kicks off in Italy today
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
Amid election surprises, EM investors are bullish on local debt
Appetite for Turkish, Egyptian, and Latin American debt is on the rise
Arabian Hills inaugurates AED 22 bn residential project
PLUS: E7 will shell out AED 182 bn to boost security solutions
Central banks are leaning heavier on the USD amid higher interest rates
18% of global central banks are planning to increase their USD allocation over the next 1-2 years
Turkey could levy a tax on stocks
Treasury and Finance Minister Mehmet Simsek said the government is considering a “very limited” transaction tax
Paxos International debuts USDL stablecoin in ADGM
USDL will offer holders an annual yield of approximately 5%
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