GCC could see external funding outflows due to the Israel-Iran conflict, but the UAE is likely to weather the storm -S&P Global
External funding outflows could reach around USD 240 bn
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External funding outflows could reach around USD 240 bn
This is the first time that S&P has issued a consolidated sovereign credit rating for the entire UAE
Most components of the basket showed only moderate price growth
Economists are weighing different scenarios depending on both the intensity and the duration of the conflict
Non-oil trade is on track to hit AED 4 tn by 2027, four years ahead of schedule
The transport and storage sector emerged as the fastest-growing contributor to GDP last year
While higher oil prices will boost revenues, non-oil growth and investments could be impacted
The statement provides additional insights over the UAE’s main sources of operational revenues and total expenditures during the period
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