Goldman Sachs warns UAE GDP could contract 5% if regional conflict persists
The non-oil economy could see a 6% contraction amid a prolonged war scenario
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The non-oil economy could see a 6% contraction amid a prolonged war scenario
An abrupt evacuation at Dubai’s main financial hub tests the UAE’s “business as usual” narrative as threat hits finance and…
The refinery is the UAE’s largest, with a processing capacity of over 900k bbl / d of oil
Alternatives like rerouting through neighboring countries and air freight could help, but they’re slower and more expensive
The agency now sees growth coming in at 2.2% this year, significantly down from an earlier forecast of 4.7% growth
Funds could shift towards “resilience investments” and sectors like logistics, security infrastructure, and defense
Only six companies on the DFM and the ADX closed in the green yesterday
The unprecedented nature of Iran’s strikes on the UAE is bound to spook foreign investors, analysts tell us
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