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Central banks in China, UK, and Japan keep rates unchanged amid growing signs of sticky inflation
The UK, Japan — and possibly China — choose caution amid uncertainty
Fed cuts rates by another 25 bps, signals slower easing cycle next year
Officials expect two rate cuts in 2025
Dubai inflation rises to 3.01% in November
The higher reading was driven by increased transport, housing, and energy costs
Fed expected to pull the trigger on another rate cut in December meeting after jobs report
One economist expects the Fed to pause rate cuts in January
The IMF downgrades growth projection for the UAE in 2024, but remains upbeat
Non-oil sector growth, government reforms, increased public spending, and a hike in oil production will support growth
Non-oil business activity marginally expanded in November
Employment growth declined to its weakest level in 31 months
Economy to grow at 3.7% in 2024 -ICAEW
The non-oil economy is predicted to grow by 4.5% in 2024
World Bank maintains growth forecast for the UAE this year and in 2025
The forecast is attributed to the 4.1% expansion in the non-oil sector
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