UAE Focus The Dubai Economy Tracker dipped slightly to 55.1 in Sep (Aug: 55.7); output and new work remained strong and the Q3 average showed a faster pace of expansion compared to the previous two quarters. Inflation in the UAE …

Regional & GCC Developments: Bahrain’s sovereign wealth fund Mumtalakat has “no intention of borrowing this year” and plans to finance its projects this year using income from investments and will not seek government assistance, according to its chief executive. A …

Regional & GCC Developments: Bahrain introduced a USD 100mn liquidity fund to enhance the depth of its illiquid stock market; supported by a number of market participants, the fund will act as market maker. Egypt’s central bank hiked interest rates …

Regional & GCC Developments: Egypt’s urban consumer inflation rose to 12.3% yoy in May (Apr: 10.3%), the highest level since Feb 2009, while core inflation also picked up to 12.23% (Apr: 9.51%). PMI in Egypt stayed below the 50-point mark for the 8th consecutive month, registering …