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Sukuk market is set to maintain its momentum this year
FCY-denominated sukuk are set to account for USD 70-80 bn of the total volume of sukuk issuances this year
Non-oil business activity sees most growth in nine months in December
Business sentiment is positive, with S&P Global’s senior economist David Owen saying the sector is in a “strong position for…
Non-oil business activity marginally expanded in November
Employment growth declined to its weakest level in 31 months
S&P Global upgraded Ras Al Khaimah’s sovereign credit ratings with a stable outlook
The ratings agency sees the emirate growing at 4% from this year to 2027
Non-oil business activity saw slight pickup in October
Demand momentum declined to its weakest level in 20 months
S&P Global pushes back its expectation of a cooldown in the property market on persistent demand
S&P Global no longer expects Dubai’s residential property market to cool in 2024, citing sustained high demand in a recent…
Silver Line Gate kicks off construction of AED 200 mn Dubai Industrial City facility
The company aims to produce 90k tons of milk powder, and 10k tons of butter annually from its new facility
GCC banks can weather regional tensions, S&P says
Emirati banks could face up to USD 59 bn in external funding outflows, in the high stress scenario
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