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UAE eyes US support for chip manufacturing ambitions
Good morning, wonderful people, and happy FRIDAY. We hope you enjoy a calm weekend after a busy week of conferences…
The UAE is eyeing 5% GDP growth this year
Plus: IMF delegation is in town for consultations
April sees slower non-oil business expansion due to the storm
Non-oil business activity eased to 55.3 in April, down from 56.9 in March
Saudi GDP contracts again in 1Q 2024 due to lower oil activity
The downturn was once again due to a decline in oil activity, which fell by 10.6% y-o-y in the last…
CBUAE leaves interest rates unchanged
The central bank maintained its overnight deposit rate at 5.40% and the overnight lending rate at 5.90%
THIS MORNING: Stormy weather ahead + Agility Global hits the ADX today
Good morning, lovely people. It’s expected to be a stormy day today, so strap in and stay home if you…
Chief AI officers for all Dubai gov’t entities + Sidara offloads USD 1.4 bn stake in Worley
Good morning, friends. We have another brisk issue for you this morning, dominated by earnings, debt, and AI news, as…
Total foreign trade reached a record AED 4.45 tn in 2023
The UAE also ranked 15th globally for outward FDI in 2023s
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