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Dubai’s GDP grew 3.1% y-o-y in 9M 2024
Wholesale and retail trade contributed 24.5% of GDP
The UAE’s non-oil business’ expansion slows in January
Business sentiment hits lowest mark in over two years
THIS MORNING: Fuel prices up in February + Inflation allowance program renewed for another year
Plus: Mubadala Abu Dhabi Open kicks off
UAE, Hungary ink agreements in education, investment, clean energy, and defense
Several MoUs and agreements were announced in education, investment, and clean energy
CBUAE says GDP grew 4% last year
The banking, financial, and ins. sectors flourished last year
Fitch’s BMI revises UAE growth forecast down slightly for 2025, remains optimistic for 2026
The Fitch Solutions’ research unit sees the economy growing at 6% next year
THIS MORNING: CBUAE keeps rates unchanged following Fed’s move
Plus: Dubai’s RTA launches tender to develop e-bikes’ battery charging and swapping stations
IMF revises UAE’s GDP growth forecast down to 4%
The Fund also cut the UAE’s oil GDP forecast for 2025 to over 2%, down from 6.7% earlier
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