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Though the war in the Gulf is pinching the Indian economy, things aren’t too bad. But much needs to be done if the situation drags on or worsens, rather than waiting for it to come to pass.

April data suggests the slide may be moderating, even as the UAE accelerates moves to derisk its future.
Their earnings define consumption amidst disruption in a roller-coaster quarter. Separately, the fragile Iran ceasefire has begun to fray.
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.