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Capital Intelligence affirms the UAE’s AA- credit rating with stable outlook
Projections assume an average oil price of USD 60 per barrel
Non-oil sector sees marginal growth in June as demand dips on regional tensions
The headline PMI ticked up to 53.5 in June, up slightly from 53.3 in May
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
S&P Global Ratings assigns the UAE a long-term credit rating of AA + Emirates NBD gives its two cents on the UAE’s economy
This is the first time that S&P has issued a consolidated sovereign credit rating for the entire UAE
AD Ports’ Kezad expands Al Ma’mourah project with business district
Plus: Emaar gets a credit rating upgrade from S&P Global
UAE’s non-oil business activity growth creeps to four-year low in May
The headline figure came in at 53.3 in May, down from 54.0 in April
S&P sees Abu Dhabi’s GDP growing 2.5% this year
The emirate’s GDP grew by 3.8% last year
Abu Dhabi gears up for local debt issuance
The emirate and the UAE federal government are expected to issue some USD 8 bn in AED-denominated debt in 2025
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