The wire
Dubai's inflation hit 5.7% in June but Emirates NBD believes price pressures have peaked, offering some relief to cost-conscious expats across the UAE. On the payments front, the UAE's new Jaywan national card scheme is reshaping how everyday transactions are routed, with long-term implications for banking customers and fintech operators across the country. Meanwhile, Saudi Arabia's Public Investment Fund sealed a landmark $15 billion financing framework with US EXIM Bank alongside fresh World Bank Group partnership agreements, signalling continued deepening of PIF's global capital ties.
Top stories
Enterprise AM
Dubai Inflation Hits 5.7% in June; Emirates NBD Says Peak Has Passed
Dubai's annual inflation rate reached 5.7% in June, driven by fuel and airfares, but Emirates NBD forecasts the pace will slow from here.
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Gulf News
UAE Launches Jaywan National Card Scheme to Build Sovereign Payments Rail
Jaywan, the UAE's first domestic card scheme, routes transactions through a national payments rail, reshaping data governance and banking infrastructure.
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Arabian Business
Saudi PIF Signs $15bn US EXIM Deal and $9.5bn World Bank Group MoUs
PIF has agreed a framework for up to $15bn in financing with US EXIM Bank and signed MoUs worth up to $9.5bn with IFC and MIGA to expand global investment partnerships.
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