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FNC approves bumper federal budget for 2025
The budget will see a 12% y-o-y increase in spending
S&P Global upgraded Ras Al Khaimah’s sovereign credit ratings with a stable outlook
The ratings agency sees the emirate growing at 4% from this year to 2027
GDP rose by 3.9% in 2Q
The top drivers of growth in the non-oil sector were the transportation and storage activities
Moody’s revises upwards its forecast for UAE growth to 4.8% in 2025
The UAE is bucking the global trend, with Moody’s expecting EMs’ GDP to slow to 3.8% next year
THIS MORNING: Lulu Retail shares are rising days after its debut + Pure Harvest eyes IPO in 2027
Plus: UAE landed the 26th spot globally and the first among Arab countries on the 2023 Global Knowledge Index
Dubai inflation dips for the second month in a row in October
The consumer price index in Dubai eased to 2.38%, down from September’s 2.5%
Dubai’s GDP grew 3.3% in 2Q 2024
The wholesale and retail sector was the top contributor to the economy
UAE unveils new strategy to triple FDI by 2031
The strategy was revealed during the 2024 UAE Government Annual Meetings
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