Economics
Due to its robust oil production
Post-election austerity measures under close scrutiny by analysts
Adjustment came in response to a surge in demand for higher-yielding currencies
Governor forecasts moderate economic environment by same time in 2024
SAR5 mn minimum capital requirement
Total trade between the two countries reached AED2.4 bn in 2021
Saudi Arabia, UAE lead in non-oil sector development
Recent economic reforms fostered country’s openness on foreign investment
Event witnessed the participation of over 6,000 attendees from over 40 countries
No lowering of the guard, Lagarde says
Rating highlights a negative real GDP growth of 2.6 percent in 2022
