{"id":98075,"date":"2024-11-20T00:00:00","date_gmt":"2024-11-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-world-bank-sees-the-uae-growing-at-a-3-4-clip-this-year-theres-no-damac-air\/"},"modified":"2024-11-20T00:00:00","modified_gmt":"2024-11-20T00:00:00","slug":"this-morning-world-bank-sees-the-uae-growing-at-a-3-4-clip-this-year-theres-no-damac-air","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/11\/20\/this-morning-world-bank-sees-the-uae-growing-at-a-3-4-clip-this-year-theres-no-damac-air\/","title":{"rendered":"THIS MORNING: World Bank sees the UAE growing at a 3.4% clip this year + There\u2019s no Damac Air"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>M&A is the flavor of the day today, with not one, not two, but three M&A stories worth your time, courtesy of the Abu Dhabi Investment Authority, Vertex, and Taaleem. Plus: <\/strong>We have two big IPO news, with Talabat\u2019s orderbook fully covered soon after opening, and Dubai Holding mulling listings for two units next year. <\/p>\n

WEATHER- <\/strong>The mercury peaks at 31\u00b0C in Dubai,<\/strong> before cooling to an overnight low of 24\u00b0C. Over in Abu Dhabi<\/strong>, temperatures peak at 28\u00b0C before cooling to 23\u00b0C overnight. <\/p>\n

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FACT CHECK-<\/strong> Dubai-based developer<\/strong> Damac<\/strong> Properties will not be launching a <\/strong>lu<\/a><\/strong>xury airline<\/a><\/strong>... it\u2019s just launching a new project dubbed \u201cDamac Islands.\u201d<\/strong> Managing Director Amira Sajwani clarified the company\u2019s marketing stunt during a presser unveiling their new project in Al Qudra area in Dubai, which features villas inspired by global island destinations, Khaleej Times<\/a> reports.<\/p>\n

The developer had earlier teased the launch of <\/strong>Damac Air<\/a><\/strong>, a luxury airline offering flights to tropical destinations, including Maldives, Bali, Bora Bora, and Seychelles.<\/p>\n

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SPORTS-<\/p>\n

The UAE thrashed Qatar in a 5-0 victory in the AFC Asian Qualifiers yesterday<\/strong>, with Fabio Lima firing four goals \u2014 landing a first-half hattrick, including a penalty, and another penalty in the second half. The UAE is now trailing Uzbekistan and Iran in the qualifiers. <\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- World Bank raises UAE growth forecast for 2024: <\/strong>The World Bank upgraded its 2024 growth outlook for the UAE to 3.4%, slightly up from its projection of 3.3% last month<\/a>, its Chief Economist for the Mena region Roberta Gatti told Wam<\/a>. The revision comes on the back of the country\u2019s economic diversification strategy and reduced dependence on oil. The World Bank anticipates the UAE will maintain fiscal and monetary surpluses throughout 2024, Gatti said.<\/p>\n

REMEMBER- The World Bank\u2019s forecasts for the wider region are: <\/strong><\/p>\n