A recent report by Moody's Credit Rating stated that the activity of the Saudi economy will support the growth of the UAE economy during the coming period, and the agency explained that Saudi Arabia will ease financial restrictions in the Kingdom, will be supportive of exports of non-oil goods and services from the UAE to the Kingdom , The UAE is expected to achieve 3.2% growth in 2018 and 2019.

The agency noted that it installed the UAE credit rating at (Aa2) due to 5 main factors which are unconditional support from Abu Dhabi to the federal government, strong credit fundamentals including the strong financial position of the state and financial balance, and very few government debt , High level of wealth, and strong state institutions.

At the level of its classification for the capital Abu Dhabi, the agency also confirmed its classification at (Aa2), and expected that the Abu Dhabi budget in the next fiscal year would achieve a slight deficit or reach the stage of balance between revenues and expenses, and also expected that Abu Dhabi would start to achieve a surplus In its budget during the years 2021 and 2022, with the support of increasing oil production following the investments the emirate spends on oil extraction activity.

It is worth noting that, Saudi Arabia is the largest trade partner of the UAE at the level of the Gulf and the Arab region as a whole, and the volume of trade exchange between the two sides is the highest between the Gulf countries. The size of this exchange has reached 84 billion dirhams, or about 23 billion dollars, according to what the Emirati Minister of Economy said last April on the sidelines of the second moment of retreat between the Kingdom and the Emirates.

The UAE is at the forefront of countries investing in Saudi Arabia with investments exceeding $ 9 billion, and there are more than 30 Emirati companies and investment groups implementing major projects in Saudi Arabia.

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