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S&P affirms Ras Al Khaimah’s credit rating at A/A-1 with “stable” outlook
The emirate's real GDP growth is projected to exceed 4% by 2027-28
Non-oil private sector expands at softer pace in October
The country’s seasonally adjusted PMI fell to 53.8 in October, from 54.2 a month earlier
THIS MORNING: Abu Dhabi to invest up to USD 2 bn in India’s logistics sector + CBUAE cuts interest rates by 25 bps
Plus: Dubai’s hotel market occupancy is projected to reach 81% in 2025
THIS MORNING: Emirates NBD’s push in India could move ahead as Indian regulators mull raising foreign investment cap + Are Emirates NBD and FAB eyeing expansions in Egypt?
Plus: CBUAE drafts telemarketing regs for banks and financial institutions
Non-oil private sector growth improves by the most in seven months
The seasonally adjusted PMI rose to 54.2 in September, up from 53.3 a month earlier
Consumer loans up 55% from 2021 levels this year -S&P Global
This expansion mirrors robust economy, strong employment conditions, and increasing population inflows
Non-oil sales weaken as demand continues to lose momentum in August
The headline PMI increased to 53.3 in from a 49-month low of 52.9 in July
Non-oil sector activity hits four-year low in July
The headline PMI dipped to 52.9 in July, from 53.5 in June
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