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UAE contractors back away from fixed-price contracts as materials costs climb
Work already underway is still moving, but contractors want clients to carry the price swings
Dubai inflation rises to 5.5% as transport costs force Emirates NBD to lift year-end forecast
Transport costs drove August inflation higher, prompting Emirates NBD to lift its year-end forecast to 5.6% from 2.9%
Fed hikes rates for the first time in three years
The move was widely expected, with 50 of 51 FT-polled economists favoring a rate hike by 25 bps.
UAE’s non-oil economy grew at its fastest pace since 2024 in August — but hiring fell for the second time in three months
That marks the first stretch of multiple employment declines in a calendar year since 2021
Dubai inflation slips from June high as transport costs retreat
Emirates NBD says June likely marked the peak, with price pressures set to ease further in the coming months
Airfares are set to stay elevated through 2026, even under a best-case ceasefire scenario
A ceasefire in the region won’t fix Gulf airfares fast — carriers still have months of rebuilding ahead
THIS MORNING: AE’s LNG ambitions face a tough negotiating environment + UAE’s USD 1.4 tn US pledge steams ahead
Etihad Rail is bringing two Abu Dhabi stations online earlier than expected
Dubai's inflation may have peaked in June, Emirates NBD says
Transport and food costs pushed June's print to 5.7% — but Emirates NBD sees it falling to 2.9% by year-end
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