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
PHOTO
Dollar banknotes, $100 dollar bills, money background
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.
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
