UAE's strong non-oil economy fuels Islamic finance growth: S&P

UAE's strong non-oil economy fuels Islamic finance growth: S&P
Damak stated that S&P expects the sector to grow at a high single-digit rate through 2024 and 2025, fueled by financing needs in key countries. He also noted that the US Federal Reserve's anticipated 225 basis points of interest rate cuts by the end of 2025, including the 50 basis points already cut i...