VIENNA / WAM The Organisation of the Petroleum Exporting Countries (Opec) has confirmed that the UAE’s economy grew by 3.8 percent in the first quarter of 2023. In its September 2023 report, OPEC said it expects the UAE’s economic expansion to continue, noting that key sectors of the country’s economy have seen significant growth. The OPEC report highlighted that the ...

ABU DHABI / WAM Standard & Poor’s (S&P) Global Ratings expects that the banks of the United Arab Emirates (UAE) will achieve strong performance in 2023. In a recent report, the credit rating agency said that UAE banks will benefit from strong non-oil GDP growth, which will mitigate the impact of rising interest rates on credit growth. The report expects ...

GENEVA / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led a UAE delegation to the World Trade Organisation’s Public Forum in Geneva, Switzerland, which is being held under the theme “It’s Time for Action”. This year’s forum is exploring how the WTO, and the wider trading community, can help create a greener and ...