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European Central Bank will likely cut rates this summer
The ECB kept rates unchanged when it met last Thursday
It’s international GDP forecast day
The Economy Ministry expects inflation will cool to 2%
It’s going to get worse before it gets better for GCC banks with Turkish subsidiaries
Emirates NBD’s risk-weighted assets fell by some 60-70 bps
CBUAE downgrades its growth projections for 2024, saying economy will grow 4.2%
The revision is down from the previously anticipated 5.7%
Your paycheck is going further in 2024, according to Mercer
UAE salaries are poised to exceed living expenses with a 4.1% average increase
Dubai Inflation slows in February
The consumer price index in Dubai eased to 3.36%, up from January’s 3.6%
Fresh macro figures point to a solid 2023
The figure is lower than the CBUAE’s previous expectation
Mahmoud Mohieldin shares regional and global outlook at EFG Hermes’ One-on-One conference
Mohieldin sees the “center of economic gravity” shifting towards the East, though challenges for emerging markets persist
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