3h ago

IMF praises UAE non-oil growth, warns of global risks

IMF chief Kristalina Georgieva praised Arab reforms and singled out the UAE’s booming non-oil economy and AI leadership, saying the region’s diversification, remittances and tourism are boosting growth. She raised global growth forecasts but warned of high risks from geopolitics, rising debt and conflicts, urging stronger institutions and more private-sector-led development. https://www.thenationalnews.com/business/economy/2026/02/02/imf-chief-hails-uaes-non-oil-growth-but-warns-of-rising-global-risks/

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4comments

@mohsin03

3h ago

Good on them. Private sector needs to pick up the slack, but governments must build the right institutions first.

@farid_aziz8

2h ago

Sounds promising. If the UAE can turn tech into sustainable jobs, that'd be a win for the whole region.

@rahul_91

2h ago

Nice to see the UAE getting credit for moving beyond oil. Hope the AI bit isn't just hype and actually creates good jobs here.

@ahmed_salah6

57m ago

AI leadership is impressive, but geopolitics and debt are big ugly clouds. Fingers crossed they keep diversification real.

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