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The slowdown follows mining and electricity contractions as well as anaemic growth in the manufacturing output.

The food and FMCG giant is set to be put into provisional liquidation. Abu Dhabi’s IHC and Emaar founder Mohamed Alabbar are now eyeing it.
The country’s woefully inadequate efforts to reduce its reliance on lithium imports could spoil its EV party.
A whole host of new deals at the Make it in the Emirates summit, Saudi Arabia’s widest deficit since 2018 and other updates from the week.