Home Business UAE Benefits From Rebound in Global Trade

UAE Benefits From Rebound in Global Trade


The UAE is benefitting more from the rebound in world trade flows than other GCC economies, according to accountancy and finance body ICAEW.

Its Q2 Economic Insight: Middle East report, produced by Oxford Economics, says the UAE has a more favourable economic outlook because it is the most diversified economy in the GCC.

Fuel generates just 22% of the country’s export revenues. The UAE’s excellent infrastructure, political stability and ample foreign assets, coupled with its reputation as a trade hub, has seen the country benefit from the rebound in the world economy more immediately than other economies in the GCC.

Louise Mezzina, Mojo PR

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The Dubai 100