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The UAE’s non-oil business’ expansion slows in January
Business sentiment hits lowest mark in over two years
THIS MORNING: Fuel prices up in February + Inflation allowance program renewed for another year
Plus: Mubadala Abu Dhabi Open kicks off
Fed holds rates steady, keeping tabs on Trump and inflation
The decision ends the Fed’s cutting spree last year
Dubai’s average annual inflation cools slightly in 2024
Dubai’s annual inflation fell to 2.89% in December, down from 3.01% in November
US core inflation undershoots forecasts, raises early rate cut speculations
Economists expect the Fed to require more consistency before any speed-ups
Non-oil business activity sees most growth in nine months in December
Business sentiment is positive, with S&P Global’s senior economist David Owen saying the sector is in a “strong position for…
CBUAE maintains 2024 growth forecast, dials back 2025 growth expectations on extension of oil supply cuts
The central bank dialed back its forecast for GDP and non-oil GDP growth in 2025
IMF sees oil GDP growing 6.7% next year, non-oil growth to come in at 4.5%
The Fund sees overall GDP growing at 4% this year, reverting to its initial forecast after revising it downwards to…
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