A prominent rating agency has stated that the United Arab Emirates (UAE) is expected to achieve a gross domestic product (GDP) growth rate of over 5 percent this year, surpassing global economic projections. Speaking to the Emirates News Agency (WAM), Tatiana Leskova, associate director of corporate ratings at S&P Global, highlighted that the growth in the UAE’s GDP, particularly in Dubai, will be driven by strong momentum in the hospitality, wholesale and retail, and financial services sectors. S&P Global had previously forecasted a global GDP expansion of 2.8 percent in 2024.
Leskova…
