The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

UAE surges through the Middle East storm

The Emirates’ economy has recovered much of the ground it lost in 2008. The country’s banks are taking advantage by growing strongly. Is there a danger of another round of overheating?

As political turmoil convulses more countries around the Middle East and north Africa, there is at least one corner of the region where people tend to see more opportunity than threat. The UAE, and more particularly Dubai, plays a valuable role as a safe haven, drawing in both money and talent from countries that are less stable, more conservative and with weaker infrastructure. That helps to underpin a lot of other economic activity in the UAE, boosting demand for things like real estate and consumer goods, and it has helped to pull the country out from the slump it suffered in 2008 and 2009.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree