UAE approves largest federal budget in history Majority of the budget will go to social development and pensions and government affairs
India becomes 4th nation with $700b in forex reserves India’s reserves are strong compared to other emerging markets
ECB will probably cut rates in Oct on risk of too low inflation: Villeroy The ECB cut rates from record highs twice already this year
China to flesh out economic stimulus plans after bumper rally Officials target around 5% growth this year
UAE-Serbia Cepa set to add $351m to GDP This is the first pact the UAE has signed with a country that is not a member of the World Trade Organisation
UAE amends VAT law, announces new tax exemptions The Ministry of Finance said that these amendments reflect its ongoing commitment to enhancing transparency within the overall tax regime
Dubai records robust business expansion In Dubai, overall activity levels rose at the fastest pace in four months
Bank of Japan policymaker calls for slow, cautious movement on rate hikes BOJ will raise rates again if economy in line with forecast
UAE wealth funds lead as AUM set to hit $2.2 trillion in 2024 The AUM of SWFs from the GCC, including the “Oil Five,” is forecast to reach $7.3 trillion by 2030
