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UAE’s FCY issuer default rating affirmed at AA-
The rating agency expects a fiscal surplus for the next three years
Abu Dhabi’s FCY issuer default rating affirmed at AA
The ratings agency expects a fiscal surplus for the next two years, albeit at narrower rates
UAE ranks 7th competitive economy in the world
The UAE secured top 10 ranks in over 90 indicators
No slowdown in Dubai rent prices this year + Cost of living is on the rise
PLUS: IPOs in the UAE raised AED 4.8 bn so far this year
GDP growth picked up steam in 4Q 2023 -CBUAE
Inflation to ease to 2.3% y-o-y in 2024
Dubai accounted for more than half of tech FDI into the region last year –fDI Markets
Overall, the UAE attracted 257 projects in 2023
CBUAE revises its GDP growth forecast for 2024 downward
The central bank expects the economy will grow at a 3.9% clip in 2024
CBUAE holds rates steady
The central bank maintained its overnight deposit rate at 5.40%
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