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Among the three emirates rated by S&P - Abu Dhabi, Ras Al Khaimah and Sharjah - only Sharjah is expected to issue debt to cover a budget deficit estimated at 6.3% of GDP in 2025. Watch the Zawya video here.
VIDEO: S&P expects 7 emirates, UAE govt to issue $18bln local currency debt in 2025
The seven emirates and the UAE federal government are expected to issue about $18 billion (AED 66.11 billion) of local currency debt in 2025
May 13, 2025
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