UAE leads GCC in foreign capital, with inflow of $680.4mln in May

The UAE led the region with foreign capital net inflows of $680.4 million in May, rebounding from the previous month that saw the country follow a GCC-wide negative trend, stemming from escalating tensions in the Middle East and the challenging global economic climate, including higher interest rates.

UAE To Remain Fastest Growing Economy In GCC In 2024 And 2025

James Swanston, economist for the Mena region at Capital Economics, projected that the UAE’s GDP will grow 3.3 per cent this year and 5.5 per cent in 2025, surpassing its Gulf peers as well as wider regional countries. Stay up to date with the latest news. Follow KT on WhatsApp Channels.