IMF on UAE's economic resilience amid regional conflict

Just read that the IMF's Jihad Azour highlighted how the conflict with Iran is hitting the UAE's economy harder than a typical oil shock. Key points: the Strait of Hormuz closure and attacks on infrastructure have slashed oil production and disrupted trade, tourism, and financial services. The UAE's growth forecast for 2026 was cut from 5% to 3.1%. On the upside, the central bank's swift actions, like injecting billions into the banking system, are helping cushion the blow and support recovery. It's a complex situation, but the UAE's preparedness is showing. https://www.thenationalnews.com/business/economy/2026/04/21/imfs-jihad-azour-says-iran-war-more-disruptive-than-oil-shock-for-the-uae/