TOP3 facts of the UAE economy in 2018

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1. The UAE has strengthened its position in the list of sustainable economic development of the Sustainable Economic Development Assessment index. The list is made up of countries that maintain an equivalent balance between the incomes of citizens and the development of the economy.

Only such a balance has become a key factor in the attractiveness of the UAE for expats, whose number today is 85% of all residents. In the list of 100 countries, the United Arab Emirates occupies the 28th place, ahead of Russia, Turkey and Italy.

It also indicates that due to the competent actions of the UAE government, which provided a high level of welfare, economic stability, full employment and infrastructure development, the country achieved high results.

2.The Global Economic Conditions Survey says that the level of business confidence in the Middle East and the UAE is comparable to that of the second quarter of 2015.

In the UAE, for example, during the first three months of 2018, the business confidence forecast changed its significance from negative to positive, because the country allocated resources for creating infrastructure for Expo 2020 and tax reform.

3.Alvarez & Marsal reports that for the first three months of 2018, the UAE banks demonstrate a high level of profitability, and by the end of this year, their “healthy” liquidity will remain.

In the “green zone” with an indicator from 80% to 100% of the long-term liquidity indicator, 9 out of 10 banks entered. The amount of deposits increased by 1.41%, the number of loans extended by 1.53%, compared to the last three months of 2017.

It is noted that 9 out of 10 banks demonstrate “healthy” liquidity, and there are also a number of opportunities to increase their profitability.