The UAE has maintained economic stability assessments from the British Economist Intelligence Unit's studies and research unit.

The unit said in a recent report that the UAE has benefited from the recent and remarkable rise in international oil prices, thus maintaining the assessment of "BBB" in terms of sovereign stability, according to the newspaper. Gulf.

And she stressed that the rise in oil prices contributed to improving the prospects for economic growth and the country's external financial position.

She said that the state's financial position in general is positive, with an expected surplus this year, thanks to the state's high revenues from its oil exports.

She pointed out that the levels of public debt and external debt continue to decline as a percentage of GDP.

The Economist does not expect any change in the sovereign assessment granted to the UAE during the next 18 months, in light of the stability of growth data and the country's ability to access capital markets global.

The UAE maintained the assessment of the "BBB" in terms of the stability of the local currency, and the report pointed out that there is a keenness to maintain the peg of the dirham to the US dollar.

The Economist said that the country's high export earnings help boost foreign reserves and keep import coverage at comfortable levels.

She indicated that the UAE's foreign wealth is huge, and its ability to access foreign capital and financing markets is great, which contributes to alleviating pressures on the local currency.

The British research unit has fixed the assessment of the stability of the banking sector in the country at "BB stable", and said that this is due to the relative decline in the ratio of non-performing loans to total loans.

Noting to the strength of foreign currency liquidity, she expected banks to face pressures as a result of high inflation and negative real interest rates, but said that these pressures would not affect the current valuation.< /p>

The UAE has also maintained a "BB stable" rating in terms of political stability thanks to the rapid and successful response to the consequences of the pandemic.

The research unit confirmed the assessment of the stability of the country's economic structure at "BB", pointing out that this reflects the UAE's success in diversifying the base of economic growth and reducing dependence on oil.< /p>