Abu dhabi: Dr. Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), stated that the UAE economy posted the best performance among GCC countries in 2025. Dr. Azour highlighted that growth in Abu Dhabi's economy was the strongest driver of the UAE's overall performance, emphasizing the country's continued efforts to enhance economic diversification and invest in vital sectors.
According to Emirates News Agency, Dr. Azour made these comments during the first day of Abu Dhabi Finance Week. He pointed out that investment in technology and artificial intelligence is a central trend for GCC countries, marking it as one of the key elements the states are focusing on in the coming years. He underscored the growing influence of the financial sector in the Gulf, noting its increasing role in fintech and the deepening of financial markets.
Dr. Azour also addressed significant transformations in the global economy, arising from changes in economic policies, particularly trade policies involving tariffs, as well as geopolitical developments in various regions. He mentioned that despite these challenges, the global economy has maintained a steady level of growth, although uncertainty and caution remain high, which can negatively impact the economy over time.
Looking ahead, Dr. Azour noted that 2026 will be a crucial year, requiring careful observation of the effects of economic policies on inflation, economic activity, trade movement, and financial markets. He observed that the Middle East region has maintained stable performance despite global challenges, attributing this to the strong performance of the non-oil sector in Gulf countries, higher oil production, and the ability of oil-importing countries to benefit from improved economic activity, tourism, and trade.
