Central Bank
Markets are now pricing in a 55 percent chance of a 50-basis-points cut in September with bets on an additional cut in December
Credit balance for the sectors from banks in Abu Dhabi was around $104.76 billion in May 2024
The UAE is one of only 36 countries worldwide currently piloting the implementation of CBDCs
Egypt's inflation rate has declined for the last five months after reaching a record high of 38 percent in September 2023
U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders
Markets are pricing in a 65 percent chance of a 50 basis point rate cut in September, the CME FedWatch tool revealed
In April 2024, CBUAE's gold reserves reached $5.54 billion
Challenges remain in education, housing, and hotels
Can the Fed intervene to calm global markets?
Japanese stocks rebounded sharply on Tuesday after their biggest single-day decline since the 1987 Black Monday sell-off in the previous session
U.S. unemployment rate rose to 4.3 percent, signaling a possible weakness in the labor market
