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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…
THIS MORNING: More names are expanding in ADGM + is Mubadala eyeing a play for a European fast-food giant?
Plus: Dubai’s giant circular farm is nearing its first harvest
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
Construction is weathering a tougher pricing environment in 2026, with prices rising up to 71% compared to last year
Construction demand is high amid an ongoing real estate and infrastructure boom, while shipping disruptions are restricting supply
THIS MORNING: Wynn confirms RAK resort delay + Archer Aviation is a step closer to air taxi launch
Plus: CBUAE records AED 6.2 bn in financial support packages
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