UAEOutlook2024 | Emirates NBD Research

By Emirates NBD Research. The UAE economy proved remarkably resilient to weaker global growth and higher interest rates in 2023. While GDP growth did slow from the 7.9% recorded …

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UAEOutlook2024 | Emirates NBD Research

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By Emirates NBD Research. The UAE economy proved remarkably resilient to weaker global growth and higher interest rates in 2023. While GDP growth did slow from the 7.9% recorded …

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2024 Outlook | Emirates NBD Research

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Jan 12, 2024 · Projections from the IMF point to a marginal slowdown in global growth, falling from a forecast of 3.0% in 2023 to 2.9% in 2024. Within that, advanced economies are …

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Dubai: Positioning For The Future - Emirates NBD

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Source: Dubai Statistics Centre, Emirates NBD Research Real value added by hotels & restaurants more than doubled in Q2 2021, after contracting by -60% the previous year due to …

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Emirates NBD Delivers Record AED 13.8 Billion Profit In H1-24, Up …

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Jul 18, 2024 · Emirates NBD delivers record AED 13.8 billion profit in H1-24, up 12% y-o-y Loans surpass AED 500 billion milestone. Dubai, 18 July 2024: Emirates NBD delivered a record …

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15+ Top Business Opportunities To Explore In The UAE

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13 hours ago · In fact, research from Emirates NBD shows that the UAE's e-commerce market is expected to reach a value of $9.2 billion by 2025. In line with Dubai’s push for digital …

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Daily Outlook 22 January 2024 | Emirates NBD Research

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Jan 22, 2024 · In the US, strong consumer confidence data on Friday saw the 2y yield rise to the highest level so far this year, closing up 3bp at 4.38%. The 10y yield closed at 4.12% up 18bp …

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Daily Outlook 2 January 2024 | Emirates NBD Research

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Jan 2, 2024 · Emirates NBD estimates 2023 UAE GDP growth at 3.6%, down from 7.9% in 2022. Retail fuel prices in the UAE will be lower in January, with average oil prices having moderated …

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Daily Outlook 24 October 2024 | Emirates NBD Research

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Oct 24, 2024 · The Bank of Canada cut interest rates for a fourth time yesterday, in a widely anticipated move, to take the lending rate to 3.75%. The 50bps cut marks a step change in the …

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Daily Outlook 23 October 2024 | Emirates NBD Research

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Oct 23, 2024 · The IMF have released updated projections for global growth in the latest World Economic Outlook, including a marginal downward revision to global growth in 2025, to 3.2% …

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GCCOutlook2024 | Emirates NBD Research

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Jan 8, 2024 · In 2024, global growth is expected to slow slightly to 2.9% from 3.0% in 2023 as tight monetary policy continues to weigh on demand and investment, particularly in the first …

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Daily Outlook 23 July 2024 | Emirates NBD Research

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Jul 23, 2024 · The 2y was up just 0.6bp to 4.52%. European bond yields were mixed again on Monday, with the 10y gilt yield up 3.7bp to 4.16% while German bunds were up 2.7bp to …

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Daily Outlook - 14 November 2024 | Emirates NBD Research

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4 days ago · Inflation in the US picked up in October with the headline CPI index rising by 2.6% y/y compared with 2.4% a month earlier. On a monthly basis prices rose by 0.2%.

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Dubai Budget 2024 | Emirates NBD Research

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Oct 30, 2024 · The budget is the largest recorded for Dubai. Looking ahead to next year, AED 86.3bn of spending has been allocated. This would mark a 9% y/y expansion in spending in …

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FAQs about UAEOutlook2024 | Emirates NBD Research Coupon?

How did Emirates NBD perform in the first half of 2024?

Dubai, 18 July 2024: Emirates NBD delivered a record profit of AED 13.8 billion in the first half of 2024, driven by increased lending across its regional network and substantial impaired loan recoveries. ...

What makes Emirates NBD a regional powerhouse?

Retained earnings boosted capital ratios and the rock-solid balance sheet, coupled with a market leading banking infrastructure, makes Emirates NBD a regional powerhouse to drive future growth. Key Highlights – First Half 2024 Shayne Nelson, Group Chief Executive Officer said: ...

Will tourism contribute to UAE GDP growth in 2024?

International travel has largely returned to pre-pandemic levels according to data from IATA, and growth in passenger traffic is thus expected to slow in 2024 and beyond, but tourism and hospitality are still expected to contribute positively to UAE GDP growth this year. ...

Will UAE non-oil GDP growth accelerate in Q4?

PMI data point to an acceleration in activity in Q4 across the UAE, and there is likely upside risk to our 5.0% UAE non-oil GDP growth estimate for 2023. We estimate headline GDP growth of 3.6% last year. ...

Will oil and gas GDP grow in the UAE in 2023?

We had pencilled in a -2% contraction in oil and gas GDP in 2023, but Bloomberg oil production data shows the UAE produced 3.15mn b/d on average last year, almost unchanged from 2022, so we have revised our estimate for oil and gas GDP growth up to zero in 2023. ...

How did Abu Dhabi's non-oil sector perform in H1 2023?

Non-oil sector growth came in at 5.9% y/y for the whole UAE in H1 2023, driven by growth of 9.2% y/y in Abu Dhabi’s non-oil sectors compared with Dubai’s 3.2% first half growth. Preliminary data for Q3 showed non-oil growth in Abu Dhabi slowed only slightly to 7.7% y/y, with average January-September growth of 8.7% in the emirate. ...