Browsing: UAE

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.

The United Arab Emirates (UAE) said Tuesday it will withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance, with effect from May 1, 2026.