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Non-oil business activity growth holds steady in April
The headline figure came in at 54.0 during the month, remaining unchanged from March
Bilateral chip agreement with the US could be on the table during talks with Trump in mid-May
Plus: Brent crude slides below USD 62 yesterday
Dubai inflation hits five-month low as monthly deflation returns
Housing continued to push prices higher, while transport saw a dip
Banks brace for recession, expect earlier Fed cuts as tariffs continue to shock markets
Traders went all in on rate cuts
Non-oil business activity growth slows in March
Business sentiment remained positive despite the mild slowdown in growth momentum
THIS MORNING: Kenya’s USD 1.5 bn lifeline from the UAE could face delays + UAE is ranked the second safest country for 2025
Plus: Ras Al Khaimah is getting a new passenger terminal + private aviation hub
Dubai inflation held steady at 3.15% in February
The index saw inflation rise 0.54% m-o-m
Fed holds rates steady, warns of rising inflation and slower economic growth
The Fed lowered its GDP growth forecast for the US to 1.7%, down from 2.1%
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