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S&P Global Ratings assigns the UAE a long-term credit rating of AA + Emirates NBD gives its two cents on the UAE’s economy
This is the first time that S&P has issued a consolidated sovereign credit rating for the entire UAE
Dubai annual inflation sees slight uptick in May, reversing four-month downward trend
Most components of the basket showed only moderate price growth
THIS MORNING: Pakistani PM arrives in the UAE + MGX to invest in OpenAI’s upcoming funding round?
AND- EU moves to delist UAE from money laundering blacklist
UAE’s non-oil business activity growth creeps to four-year low in May
The headline figure came in at 53.3 in May, down from 54.0 in April
Global growth is stalling
Global growth is set to fall below 3% for the first time since the pandemic
Abu Dhabi + Dubai inflation cools in April
The IMF expects the UAE’s inflation figure to come in at 2.1% in 2025
Dubai annual inflation dips again in April, as analysts slash inflation forecasts amid oil price pressure
Housing continued to be elevated, while transport dipped further
Fed holds rates steady as tariff risks mount
Fed left interest rate at 4.25%-4.50%
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