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CBUAE holds rates steady
The UAE’s overnight deposit rate is anchored to the Fed’s
THIS MORNING: Indian importers cease imports of silver and platinum from the UAE + Chilean president to visit the UAE next week
Plus: Sukuk issuances to fall in the summer
Dubai’s GDP grew 3.2% in 1Q 2024
The wholesale and retail sector was the top contributor to GDP
THIS MORNING: Abu Dhabi to roll out tech ventures this year + Adnoc could invest in another US LNG project -report
Plus: The UAE’s economy is expected to grow 3.7% in 2024, a Reuters poll suggests
THIS MORNING: Economy Minister Abdulla bin Touq Al Marri is headed to India + Private consumption growth to moderate this year –Emirates NBD
Plus: Adia-led consortium granted due diligence for Hargreaves Lansdown takeover
Dubai inflation ticks up in June
The consumer price index in Dubai rose to 3.85%, up from May’s 3.81%
Abu Dhabi's GDP grew 3.3% in 1Q 2024
Construction was the largest contributor to non-oil GDP growth
Capital Intelligence maintained UAE’s sovereign rating with a stable outlook
Capital Intelligence affirmed the UAE’s long term foreign and local currency ratings at AA- with a stable outlook, it said…
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