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In 2026, real GDP is projected to grow by 4.5 percent among GCC economies
Down from 3.3 percent and 4.1 percent respectively
UAE economy is projected to surpass oil-exporting countries, growing 2.6 percent in 2025, 3.1 percent in 2026
Transport costs in Dubai were down 3.3 percent annually, reflecting the decline in oil prices
The overnight deposit, lending, and main operation rates were cut by 2.25 percent each
The dollar index hovered near a three-year low hit last week, making gold more attractive for other currency holders
Al Mashat projected real growth at 4.5 percent, subject to review if tensions escalated
U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17
This increase marks the highest reading since July 2023
In Dubai, gold rates achieved remarkable gains, with 24-carat gold rising by AED0.5 to AED389
Nvidia declined 5.91 percent, Apple fell 4.24 percent to $190.42, and Microsoft dipped 2.34 percent to $381.35
Brent is set to fall 4 percent this week, while WTI is set to decline 3.8 percent
