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UAE econmy

UAE’s Fiscal Deficit Widens, Even with Boost from Oil and Gas Revenue

emiratesleaks Dec 20, 2024

**UAE Faces Excessive Borrowing Amid Financial Deficit, Despite Oil and Gas Windfall** International reports have revealed that the UAE is experiencing excessive borrowing and is set to extend its debt issuance spree into the new year,…
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Emirates Leaks reveals: UAE banks are devoting their activities to support Israel’s economy…

Jan 22, 2021

Reliable sources revealed fundamental changes in UAE banks' work to devote their activities to supporting Israel's economy and transactions. The agreements declaring normalization between the UAE and Israel quickly extended to large and…
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The UAE economy suffers a deep contraction of 5.2% during 2020

Sep 25, 2020

In its quarterly report, The UAE Central Bank revealed that the gross domestic product fell by 7.8%, after a contraction of 0.8% in the previous three months. It added that the UAE economy had been affected by the general travel ban, while…
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