UAE Equity Research - Banking Sector 3Q25 - Preview Note
The UAE economy expanded 3.9% YOY in 1Q25, supported by a strong 5.3% YOY growth in non-hydrocarbon GDP. The non-oil sector’s performance was led by manufacturing, financial services, construction, and real estate. Reflecting this momentum, the Central Bank of the UAE (CBUAE) revised its 2025 GDP gr...