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UAE banks top GCC growth in 2Q
Net income rose 3.2% q-o-q, the second biggest absolute gain in the region
UAE GDP grows 3.9% in 1Q 2025
Manufacturing was the top growth contributor, expanding 7.7% y-o-y
Consumer spending in the UAE + GCC to outpace that of global peers
The UAE is expected to see real household consumption growth averaging 3.5% per annum for the next six years
Non-oil sales weaken as demand continues to lose momentum in August
The headline PMI increased to 53.3 in from a 49-month low of 52.9 in July
Abu Dhabi inflation snaps three-month downward streak in July
On a monthly basis, inflation saw a 0.9% increase, after having edged down 0.5% in June
Abu Dhabi GDP poised to grow 3-4% y-o-y in 2Q
The non-oil economy is firing on all cylinders and is estimated to have expanded by 4-6% during the quarter
Leading economies must rely more on foreign workers to offset aging populations, top central bankers warn
While there’s a growing agreement from the central bankers, political sentiment in the world’s most developed nations is yet to…
Dubai’s annual inflation accelerates to 2.9% in July
On a monthly basis, prices inched up for the second straight month, growing 0.42% in July
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