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UAE economy contracts 2.1% in 2Q as war hits non-oil activity
Tourism, transport, and trade took a hit as non-oil GDP shrank 1.1%, leaving first-half economic growth barely in positive territory
S&P affirms Ras Al Khaimah’s A/A-1 rating, trims 2026 growth forecast on Middle East war spillovers
The agency is banking on fiscal buffers and UAE support to cushion the emirate as it cuts 2026 growth to…
UAE’s real estate four-week risk window, as activity plunges 51%
S&P Global Ratings is ruling out a 2008-style market crash
S&P affirms Ras Al Khaimah’s rating at A/A-1 with stable outlook
The emirate’s 2026 GDP growth outlook was trimmed to 2.0% from 3.6%
S&P Global affirms UAE, Abu Dhabi sovereign credit ratings at AA/A-1+, but slashes growth forecasts due to fallout from the war
The agency now sees growth coming in at 2.2% this year, significantly down from an earlier forecast of 4.7% growth
UAE’s PMI hits one-year high of 55
Business activity surged at its fastest pace since April 2024
Non-oil private sector activity grows at the quickest pace in 11 months as northern Emirates and Abu Dhabi drive growth
The seasonally adjusted PMI rose to 54.8 in November, up from 53.8 a month earlier
THIS MORNING: Driverless taxis are now on Uber in Abu Dhabi + ENBD CEO breaks down plans post-acquisition of RBL
Plus: Petrofac files for insolvency for its Middle East unit
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