Middle East News

Fitch Ratings has affirmed the United Arab Emirates’ (UAE) Long-Term Issuer Default Ratings (IDRs) at ‘AA-‘ with a stable outlook, according to a rating note released by the agency. UAE’s ‘AA-‘ rating reflects low consolidated government debt, strong net external asset position and high GDP per capita.

Crude oil prices fell in the global commodity market on Tuesday as investors awaited fresh indirect talks between the US and Iran, with expectations of diplomatic progress easing concerns about potential supply disruptions in the Middle East.

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