Fitch affirms UAE’s AA- rating; expects conflict to be short-lived
Fitch Ratings has affirmed its AA- rating on the UAE, citing the country’s robust financial buffers despite high regional political risks and hydrocarbon dependence
“The UAE’s economy is set to maintain its strong growth momentum, driven by rising oil output and robust activity in the non-oil sector, which is being supported by a loose fiscal stance” James Swanston, MENA economist at Capital Economics.
In this video, Zawya’s Farah Heiba dives deep into the financial world of clean energy, unpacking the challenges banks face when it comes to green investments.
