Non-oil business growth dips slightly in March amid shipping disruptions
Red Sea disruptions contributed to supply constraints
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Red Sea disruptions contributed to supply constraints
Renewed confidence stems from a surge in SME revenues + stable macroeconomic outlook
Construction and manufacturing were the largest contributors to non-oil GDP growth
The tourism sector is expected to have doubled its contribution to GDP in 2023
The revision is down from the previously anticipated 5.7%
UAE salaries are poised to exceed living expenses with a 4.1% average increase
Central banks are in no rush to cut interest rates
Officials have dialed down expectations for rate cuts next year from four down to three
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