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The Fed holds rates steady, defying Trump's pressure
Yesterday’s meeting saw a rare dissent from Trump appointees
Trump’s tariffs start to bite, driving US inflation up in June
US firms are trying to offshore the brunt of the impact to other regions
THIS MORNING: More share sales coming up in 2H? + President Mohamed bin Zayed Al Nahyan heads to Turkey on a working visit
Plus: Inflation is set to moderate across the GCC in 2H 2025 -Emirates NBD
Dubai inflation holds steady in June
On a monthly basis, prices grew 0.28% in June, returning to inflation territory
Construction costs climb in 1Q 2025 in Dubai
The quarterly rise was driven by higher petroleum and non-metallic mineral prices, while equipment hire and labor wages led annual…
Abu Dhabi inflation cools further in May
This is Abu Dhabi’s second consecutive month in deflation territory
Business confidence dips in Dubai in 1Q 2025
Large enterprises outperformed the overall market
Fed stays the course on its wait-and-see approach amid rising economic uncertainty
The Fed now expects weaker economic growth and higher unemployment
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