OPEC highlights positive expectation for UAE economy

OPEC highlights positive expectation for UAE economy

From zawya.com

The OPEC Monthly Oil Market Report (MOMR) has maintained its positive momentum with regard to the UAE’s economic recovery. The MOMR, issued on Thursday, stated that the economic outlook remained positive, thanks to improving economic conditions supported by the easing of COVID-19-related constraints and the improvement in fossil fuel prices. The report indicated that the recent S&P Global UAE PMI stood at 54.8 in March 2022, unchanged from a month earlier, yet the reading pointed the 16th straight month of non-oil private-sector expansion. It also added that this month the Central Bank of the UAE (CBUAE) ... (full story)

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