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Business leaders see a strong year ahead for UAE + wider GCC
Emirati respondents were the second most bullish across Gulf countries
Business activity in non-oil economy gained steam last month
Non-oil business activity inched up to 54.2 in August, from 53.7 in July
Foreign trade hit an all-time high of AED 1.395 tn in 1H
Non-oil exports rose by 25% y-o-y
Analysts eye clarity on size, pace of rate cuts at Jackson Hole
Markets are pricing in a 25 bps rate cut, but leaving open a chance of a larger 50 bps rate…
Dubai inflation hits seven-month low in July
The consumer price index in Dubai eased to 3.32%, down from June’s 3.85%
GulfNav’s Brooge acquisition could take place this month
PLUS: ICV program has redirected over AED 48 bn to the economy in 1H 2024
Abu Dhabi’s annual inflation reaches 1.1% in 2Q
Quarterly inflation rose 0.6% in 2Q
Non-oil business activity slows to a three year low in July
Plus: Dubai’s PMI slipped to 52.9 last month
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