In 2022, the UAE's GDP is projected to expand by more than 6%.
A significant boost in building, tourism, and events connected to the Dubai World Expo are driving growth
Higher oil production in accordance with the OPEC+ production agreements, as well as
As the pandemic has progressively subsided contributed to an increase in fiscal and external surpluses
According to officials, non-hydrocarbon growth will reach 4% in 2023 and accelerate over the next several years
Banks in the UAE have sufficient capital and a lot of liquidity
Private sector domestic credit growth has also improved
The Central Bank with ongoing efforts to improve and encourage efficient handling of non-performing loans.
The National Anti-Money Laundering and Combating Financing of Terrorism Act made significant progress.
The FATF strategy has further strengthened the regulatory regime to ensure its effectiveness