The UAE, in particular Dubai, will continue to benefit from its safe-haven status at a time of continued Middle East unrest although the deteriorating global outlook spells risks for the country, Citigroup said.
The expected surge in the inflow of tourists and investments into the UAE in the backdrop of unrest in some countries in the region will “provide significant tailwinds” to the country’s tourism and banking industries, Citigroup said its Global Economic Outlook and Strategy.
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