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CBUAE maintains 2024 growth forecast, dials back 2025 growth expectations on extension of oil supply cuts
The central bank dialed back its forecast for GDP and non-oil GDP growth in 2025
THIS MORNING: UAEV to charge EV tariffs in January + GCC debt capital markets hit USD 1 tn
Plus: British Airways cancels flights to Abu Dhabi in the summer
THIS MORNING: CBUAE cuts rates by 25 bps in line with the Fed + Adia hits USD 1 tn AUM milestone
Plus: UAE led the region in terms of IPO proceeds this year
More asset managers eye ADGM
Plus: Dubai’s AED 2 bn Trump Tower will launch in 2Q 2025
ADNH Catering ups stake in Saudi JV + Direct Debit System acquires the UK software company ElseWare
The CBUAE greenlights launching Nebras Open Finance
UAE launches centralized KYC platform
A new company overseen by the CBUAE will manage the platform
CBUAE to promote tech transformation in the finance sector
Microsoft will provide AI training for 10k professionals in the financial services sector
CBUAE’s T-sukuk for 4Q 2024 was 4.9x oversubscribed
The T-sukuk pooled AED 5.4 bn in bids
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