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THIS MORNING: PMI posts worst June reading in five years + Adnoc eyes financial advice across the pond
Plus: Etihad looks to jump the queue for jets as overall business departures slump
S&P puts numbers on the UAE’s worst year in recent memory
Abu Dhabi will likely see its economy shrink 9%, while Dubai could see 2.5% contraction, and Sharjah and RAK are…
The Iran conflict has put the Gulf’s USD 124 bn remittance machine under strain — and workers’ savings buffers are running out
An initial panic-send has given way to a drawdown on reserves — and a potential collapse in flows by the…
Fitch turns bearish on global sovereigns — and the Middle East is taking the hardest hit
The ratings agency’s base case is for a partial strait reopening — but warns the war’s damage to the region’s…
Signs that global economic growth could take a serious hit due to US-Iran war are mounting
The OECD warns of the worst slowdown in decades, barring the Covid-19 pandemic and the 2009 financial crisis, if disruptions…
UAE’s non-oil sector saw slight improvement in May, but softening demand is still weighing on firms
Positive sentiment around a potential agreement from the US and Iran helped boost the recovery
UAE non-oil GDP jumps 6.8% in 2025
The UAE economy expanded to AED 1.9 tn in 2025
Another AED 1.5 bn of help coming to Dubai
This package brings total economic relief introduced over the past two months to AED 2.5 bn
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