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The UAE is on track for 7% annual economic growth soon -Al Marri
Elevated inflation and high interest rates are the main challenges
THIS MORNING: New Parkin peak-hour fees + Brics leading Dubai property investment
Plus:13.7k new investors opened accounts with the DFM so far this year
Dubai inflation inches up 3.15% in January
The higher inflation reading was mainly driven by increased inflation in the price of housing, water, electricity, gas and other…
Moody’s lowers outlook on UAE banking profitability, while penciling in 5% growth for the non-oil sector
The agency lowered its outlook on the UAE banking system from “positive” to “stable”
FAB, BMI give their two cents on the UAE’s growth prospects in 2025
The two have penciled in more optimistic growth predictions than the IMF, World Bank, and the CBUAE’s 2025 forecasts
Non-oil economy to grow 5% this year -Emirates NBD
Non-oil sector growth in the UAE and Saudi Arabia is set to lead the growth in the bloc
UAE economy to expand 5-6% this year -Al Marri
Growth will be driven by strong performances in sectors like technology, renewable energy, trade, financial services, and infrastructure
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