The United Arab Emirates is a stable country in terms of politics and economics but has been affected by repercussions from the Qatar blockade.
Economic risk (MEDIUM): Diversification away from the oil sector so far has protected the UAE against the impact of the fall in crude prices but growth forecasts have been pared back.
Political risk (MEDIUM): Strong government has ensured the country was not touched by the Arab Spring but its spat with Qatar has raised tensions amid claim and counter-claim.
Financial risk (LOW): Its large foreign asset reserves and fiscal surplus will protect it from falls in export revenues and a slowing in credit growth. The status of GREs has raised question marks.
Commercial risk (MEDIUM): The UAE is seen as a safe place to invest and has been praised by the WTO. The new tax procedures will improve clarity within the business tax system.