The UAE is expected to maintain a budget surplus in 2026 despite a substantial increase in spending to cushion the immediate impact of the Iran war, according to Fitch Ratings. The ratings agency expects the emirate’s fiscal surplus to be 4.5 percent of GDP, as expenses rose 20 …
Curated by CityCalc from AGBI. Read the full article at the source.
Related articles
- Moove hits $2.1 billion valuation with $250 million Series C — UAE-headquartered mobility startup Moove has raised $250 million in a Series C round at a $2.1 billion valuation, led by Mubadala Investment
- Baghdad Bolsters Deployment in 'Vulnerable' Areas, Warns Armed Factions — Curated from Asharq Al-Awsat.
- Careem super app revenue rises but losses deepen — Dubai-based Careem’s super app business increased revenue in the first half of 2026, although losses continued to widen. Revenue from the ap
- Iraq to start work on first rail link to Iran — Iraq is preparing to start work on its first direct railway link with Iran after completing key design work on the long-delayed project. The
- Emaar’s huge backlog cushions sharp fall in new property sales — Emaar, Dubai’s biggest developer and a bellwether of sentiment in the Gulf’s commercial capital, reported continued profit growth in t