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THIS MORNING: Opec+ hikes production for September, unwinding production cuts + Dubai, Ras Al Khaimah see 6% y-o-y increase in tourists in 1H
Plus: Amea Power joins Cox’s desalination project in Morocco
Non-oil trade soars 24% y-o-y to hit AED 1.7 tn in 1H 2025
UAE non-oil exports hit a historic high in 1H this year, reaching AED 369.5 bn
THIS MORNING: Enec eyes US nuclear energy projects + Opec+ to keep oil policy steady today?
Plus: The head of Anthropic is eyeing Gulf money despite holding the region in contempt
BMI trims its growth forecast for the UAE to 4.3% in 2025
The downgrade is primarily attributed to “a sharper slowdown in non-oil activity” in 1H 2025
Capital Intelligence affirms the UAE’s AA- credit rating with stable outlook
Projections assume an average oil price of USD 60 per barrel
THIS MORNING: EGA to take action against Guinea? + Sequoia under fire after partner’s anti-Muslim remarks
AND- Capital Economics is the latest to forecast strong growth for the UAE’s non-oil sector this year
Abu Dhabi's GDP grows 3.4% as non-oil sector hits record share
GDP reached AED 291 bn
CBUAE revises down its growth forecast for the UAE to 4.4% in 2025
The projections for both this year and next year are down 0.3 percentage points from the CBUAE’s last forecast in…
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