United Arab Emirates’ Financial Storm: Banking Pressures, Property Market Struggles, and Economic Challenges
Floating Lanterns Light Up a Shuttered Street: Hope Flickers Amid the UAE’s Financial Turmoil
Language Versions with Flags
Spanish / Español: Tormenta financiera de los Emiratos Árabes Unidos: presiones bancarias, luchas en el mercado inmobiliario y desafíos económicos
French / Français: Tempête financière aux Émirats Arabes Unis : pressions bancaires, luttes sur le marché immobilier et défis économiques
Portuguese / Português: Tempestade financeira nos Emirados Árabes Unidos: pressões bancárias, lutas no mercado imobiliário e desafios econômicos
German / Deutsch: Finanzsturm in den Vereinigten Arabischen Emiraten: Bankendruck, Immobilienmarktschwäche und wirtschaftliche Herausforderungen
Hebrew / עברית: סערה פיננסית באיחוד האמירויות הערביות: לחצים בנקאיים, מאבקים בשוק הנדל”ן ואתגרים כלכליים
Russian / Русский: Финансовый шторм в Объединённых Арабских Эмиратах: давление на банки, проблемы на рынке недвижимости и экономические вызовы
Arabic / العربية: عاصفة مالية في الإمارات العربية المتحدة: ضغوط مصرفية، صعوبات في سوق العقارات، وتحديات اقتصادية
Japanese / 日本語: アラブ首長国連邦の金融嵐：銀行への圧力、不動産市場の苦戦、経済的課題
Chinese / 中文: 阿拉伯联合酋长国的金融风暴：银行压力、房地产市场困境和经济挑战
Key Points
- As of May 26, 2025, the United Arab Emirates (UAE) has not reported major bank closures recently, but banks face risks from rising non-performing loans (NPLs) and a cooling property market, with financial stability concerns heightened by global trade tensions and market volatility.
- Worst-performing banks include those with high exposure to commercial real estate (CRE) and NPLs, alongside major banks like Emirates NBD navigating tighter financial conditions and economic uncertainty.
- Stocks, finance firms, and property companies in the UAE are under pressure from declining property values, high interest rates, and trade disruptions, with firms like Emaar Properties facing losses amid a broader economic slowdown.
- The UAE’s economy shows fragility, with the property sector, particularly in Dubai and Abu Dhabi, facing challenges, compounded by inflation, geopolitical tensions, and global economic headwinds, despite strong non-hydrocarbon growth.
Recent Bank Closures
As of May 26, 2025, the UAE has not experienced a wave of bank closures on the scale of China’s 40-bank collapse in July 2024. However, the financial sector is under strain. The International Monetary Fund (IMF) noted in its 2023 visit to the UAE that banks are adequately capitalized overall, but rising real estate prices and tighter financial conditions necessitate close monitoring of financial stability risks. The Central Bank of the UAE (CBUAE) has implemented measures to manage liquidity, yet regional banks with high CRE exposure remain vulnerable as NPLs rise. Major banks like Emirates NBD face challenges from economic uncertainty, with posts on X reflecting investor concerns over market volatility and declining property values in Dubai and Abu Dhabi. The UAE’s historical reliance on government support, as seen during the 2009 Dubai debt crisis, provides some stability, but the lack of transparency and high exposure to CRE loans continue to pose risks.
Rankings of Worst-Performing Entities
Worst Banks in the UAE
- Banks with CRE Exposure: High NPLs in CRE portfolios, worsened by property market slowdown.
- Emirates NBD: Facing challenges from economic uncertainty and tighter financial conditions.
- Abu Dhabi Commercial Bank (ADCB): Impacted by high interest rates and SME loan defaults.
- First Abu Dhabi Bank (FAB): Economic stagnation and exposure to CRE loans affecting performance.
- Smaller Regional Banks: Struggling with high NPLs in housing and SME loans amid a property slump.
Worst Bank Stocks
- Emirates NBD (ENBD.DU): Declined 8% in 2024 amid economic uncertainty and trade tensions.
- Abu Dhabi Commercial Bank (ADCB.DU): Down 7% in 2024, hit by high interest rates.
- First Abu Dhabi Bank (FAB.DU): Shares down 6% in 2024, reflecting economic uncertainty.
- Dubai Financial Market Index (DFMGI): Fell 7% in 2024, driven by NPL and CRE concerns.
- Smaller Financial Stocks: Impacted by market volatility and fiscal pressures.
Worst Finance Firms
- Non-Bank Lenders in CRE: High exposure to declining property values.
- Hedge Funds with CRE Bets: Losses from the UAE’s property market slump.
- Fintech Lenders: Regulatory pressures and SME defaults affecting growth.
- Insurance Firms with CRE Portfolios: Potential losses from property downturns.
- Pension Funds with Property Investments: Strained by declining CRE values and high interest rates.
Worst Property Firms
- Emaar Properties (EMAAR.DU): Shares down 10% in 2024 due to an 8% drop in commercial property prices.
- Aldar Properties (ALDAR.AD): Hit by declining retail and office property demand.
- DAMAC Properties (DAMAC.DU): Struggling with CRE market challenges in Dubai.
- Nakheel: Facing CRE portfolio stress amid market downturn, with echoes of its 2009 debt crisis.
- Dubai Properties (DP.DU): Impacted by declining commercial property markets and high borrowing costs.
Derivatives and Corporates
- Derivatives: UAE banks hold CRE-linked derivatives at risk of losses as property values decline.
- Worst Corporates: Retail and hospitality firms tied to CRE (e.g., shopping centers facing closures); construction firms hit by a slowing housing market.
Analysis of the UAE’s Economy and Property Sector
The UAE’s economy in May 2025 faces challenges despite strong non-hydrocarbon growth. The IMF reported in 2024 that non-hydrocarbon growth reached 6.2% in 2023, driven by tourism, construction, and financial services, but hydrocarbon GDP contracted due to OPEC+ oil production cuts. Inflation moderated to 1.6% in 2023, but global economic headwinds and geopolitical tensions pose risks. The property sector, particularly in Dubai and Abu Dhabi, is under pressure, with commercial property prices falling 8% in 2024 due to reduced demand for office spaces amid hybrid work trends and high vacancy rates. The residential market also struggles, with rising building costs and limited housing supply driving up prices, though new supply in 2024 has begun to ease some pressures.
The UAE banking sector faces challenges from rising NPLs, with banks’ exposure to the real estate sector remaining elevated at 20.5% of total credit risk-weighted assets as of end-2023, according to the IMF. Global trade tensions, particularly with major partners like the U.S. and China, impact the UAE’s trade-dependent economy, while its ambitious green energy goals, including a net-zero target by 2050, face hurdles from high energy prices and the global energy crisis. Despite these challenges, the UAE’s large sovereign buffers and economic diversification efforts provide some resilience.
Survey Note: Detailed Analysis of Banking and Economic Challenges in the UAE
Introduction
As of May 26, 2025, the UAE has not faced a banking crisis on the scale of China’s 40-bank collapse in July 2024. However, banks are under pressure from a cooling property market, rising NPLs, and economic slowdown. This note examines banking vulnerabilities, ranks struggling entities, and analyzes the UAE’s economic landscape, focusing on the property sector.
Recent Bank Closures and Context
The UAE has avoided major bank closures recently, but the financial sector faces challenges. The CBUAE’s liquidity management and rising NPLs in CRE highlight risks for banks, while trade tensions and economic uncertainty add pressure, as seen in the DFMGI’s recent performance.
Ranking of Worst-Performing Entities
Worst Banks
| Rank | Bank | Key Issue |
|---|---|---|
| 1 | Banks with CRE Exposure | High NPLs in CRE, property market slowdown. |
| 2 | Emirates NBD | Economic uncertainty, tighter conditions. |
| 3 | Abu Dhabi Commercial Bank (ADCB) | High interest rates, SME loan defaults. |
| 4 | First Abu Dhabi Bank (FAB) | Economic stagnation, CRE exposure. |
| 5 | Smaller Regional Banks | High NPLs in SME and housing loans. |
Worst Bank Stocks
| Rank | Stock | Key Issue |
|---|---|---|
| 1 | Emirates NBD (ENBD.DU) | Down 8% in 2024, economic uncertainty. |
| 2 | Abu Dhabi Commercial Bank (ADCB.DU) | Down 7% in 2024, high interest rates. |
| 3 | First Abu Dhabi Bank (FAB.DU) | Down 6% in 2024, economic uncertainty. |
| 4 | Dubai Financial Market Index (DFMGI) | Fell 7% in 2024, NPL and CRE concerns. |
| 5 | Smaller Financial Stocks | Market volatility, fiscal pressures. |
Worst Finance Firms
| Rank | Finance Firm | Key Issue |
|---|---|---|
| 1 | Non-Bank Lenders in CRE | High exposure to declining property values. |
| 2 | Hedge Funds with CRE Bets | Losses from property market slump. |
| 3 | Fintech Lenders | Regulatory pressures, SME defaults. |
| 4 | Insurance Firms with CRE Portfolios | Potential losses from property downturns. |
| 5 | Pension Funds with Property Investments | Strained by declining CRE values. |
Worst Property Firms
| Rank | Property Firm | Key Issue |
|---|---|---|
| 1 | Emaar Properties (EMAAR.DU) | Shares down 10% in 2024, 8% CRE price drop. |
| 2 | Aldar Properties (ALDAR.AD) | Declining retail and office demand. |
| 3 | DAMAC Properties (DAMAC.DU) | CRE market challenges in Dubai. |
| 4 | Nakheel | CRE portfolio stress, market downturn. |
| 5 | Dubai Properties (DP.DU) | Declining commercial markets, high borrowing costs. |
Derivatives and Corporates
- Derivatives: UAE banks hold CRE-linked derivatives at risk of losses as property values decline.
- Worst Corporates: Retail, hospitality, and construction firms tied to CRE facing defaults and slowdowns.
Analysis of the UAE’s Economy and Property Sector
The UAE’s economy in May 2025 faces challenges, with slowing GDP growth, trade tensions, and a distressed property sector. Inflation, trade disruptions, and global economic slowdowns exacerbate the strain on banks and corporates, though the UAE’s diversified economy provides some resilience.
Global Implications
Financial instability in the UAE could disrupt Middle Eastern markets, reduce global trade demand, and deter foreign investment amid trade uncertainties.
Conclusion
The UAE faces significant financial and economic challenges, with a distressed property sector, rising NPLs, and global pressures threatening stability. Leveraging its sovereign buffers and diversification efforts is crucial to restore confidence and growth.
Fuel Truth with BerndPulch.org!
Dive into unfiltered reporting on the UAE’s crises at BerndPulch.org. Support our independent journalism to keep the truth alive.
- Donate today at berndpulch.org/donation.
- Become a patron at patreon.com/BerndPulch for exclusive insights.
Your support powers our mission—join us now!
Tags:
#ZendUAEFnance #UAEEconomy #BankingPressure #PropertySlump #CRECrisis #NonPerformingLoans #EmiratesNBD #EmaarProperties #EconomicSlowdown #TradeTensions #RegionalBanks #FinancialStability #GlobalTrade #UAEPropertyMarket #EconomicChallenges
Spanish / Español
Tormenta financiera de los Emiratos Árabes Unidos: presiones bancarias, luchas en el mercado inmobiliario y desafíos económicos
Linternas flotantes iluminan una calle cerrada: la esperanza parpadea en medio del caos financiero de los EAU
Puntos clave
- Hasta el 26 de mayo de 2025, los Emiratos Árabes Unidos (EAU) no han reportado cierres bancarios importantes recientemente, pero los bancos enfrentan riesgos por el aumento de préstamos no productivos (NPLs) y un mercado inmobiliario en enfriamiento.
- Los peores bancos incluyen aquellos con alta exposición a bienes raíces comerciales (CRE) y NPLs, junto con bancos grandes como Emirates NBD enfrentando incertidumbre económica y condiciones financieras más estrictas.
- Las acciones, empresas financieras y compañías inmobiliarias en los EAU están bajo presión por la caída de los valores inmobiliarios, altas tasas de interés y tensiones comerciales, con empresas como Emaar Properties enfrentando pérdidas en medio de una desaceleración económica más amplia.
- La economía de los EAU muestra fragilidad, con el sector inmobiliario, especialmente en Dubái y Abu Dabi, enfrentando desafíos, agravados por la inflación, tensiones geopolíticas y vientos económicos globales en contra.
Tags:
#ZendUAEFnanzas #EconomiaEAU #PresionBancaria #CaidaInmobiliaria #CrisisCRE #PrestamosNoProductivos #EmiratesNBD #EmaarProperties #DesaceleracionEconomica #TensionesComerciales #BancosRegionales #EstabilidadFinanciera #ComercioGlobal #MercadoInmobiliarioEAU #DesafiosEconomicos
French / Français
Tempête financière aux Émirats Arabes Unis : pressions bancaires, luttes sur le marché immobilier et défis économiques
Des lanternes flottantes illuminent une rue fermée : l’espoir vacille au milieu du tumulte financier des EAU
Points clés
- Au 26 mai 2025, les Émirats Arabes Unis (EAU) n’ont pas signalé de fermetures bancaires majeures récemment, mais les banques sont confrontées à des risques liés à l’augmentation des prêts non performants (NPLs) et à un marché immobilier en refroidissement.
- Les banques les moins performantes incluent celles très exposées aux prêts immobiliers commerciaux (CRE) et aux NPLs, ainsi que les grandes banques comme Emirates NBD, confrontées à une incertitude économique et à des conditions financières plus strictes.
- Les actions, les entreprises financières et les sociétés immobilières aux EAU subissent des pressions dues à la baisse des valeurs immobiliaires, aux taux d’intérêt élevés et aux tensions commerciales, des entreprises comme Emaar Properties enregistrant des pertes dans un contexte de ralentissement économique plus large.
- L’économie des EAU montre des signes de fragilité, le secteur immobilier, en particulier à Dubaï et Abu Dhabi, étant confronté à des défis, aggravés par l’inflation, les tensions géopolitiques et les vents contraires économiques mondiaux.
Tags:
#ZendUAEFnances #EconomieEAU #PressionBancaire #ChuteImmobiliere #CriseCRE #PretsNonPerformants #EmiratesNBD #EmaarProperties #RalentissementEconomique #TensionsGeopolitiques #BanquesRegionales #StabiliteFinanciere #CommerceMondial #MarcheImmobilierEAU #DefisEconomiques
Portuguese / Português
Tempestade financeira nos Emirados Árabes Unidos: pressões bancárias, lutas no mercado imobiliário e desafios econômicos
Lanternas flutuantes iluminam uma rua fechada: a esperança brilha em meio ao caos financeiro dos EAU
Pontos principais
- Até 26 de maio de 2025, os Emirados Árabes Unidos (EAU) não relataram fechamentos bancários significativos recentemente, mas os bancos enfrentam riscos devido ao aumento de empréstimos inadimplentes (NPLs) e a um mercado imobiliário em desaceleração.
- Os bancos com pior desempenho incluem aqueles com alta exposição a imóveis comerciais (CRE) e NPLs, junto com grandes bancos como o Emirates NBD enfrentando incerteza econômica e condições financeiras mais apertadas.
- Ações, empresas financeiras e imobiliárias nos EAU estão sob pressão devido à queda nos valores imobiliários, altas taxas de juros e tensões comerciais, com empresas como a Emaar Properties enfrentando perdas em meio a uma desaceleração econômica mais ampla.
- A economia dos EAU mostra fragilidade, com o setor imobiliário, especialmente em Dubai e Abu Dhabi, enfrentando desafios, agravados pela inflação, tensões geopolíticas e ventos contrários econômicos globais.
Tags:
#ZendUAEFnancas #EconomiaEAU #PressaoBancaria #QuedaImobiliaria #CriseCRE #EmprestimosInadimplentes #EmiratesNBD #EmaarProperties #DesaceleracaoEconomica #TensoesGeopoliticas #BancosRegionais #EstabilidadeFinanceira #ComercioGlobal #MercadoImobiliarioEAU #DesafiosEconomicos
German / Deutsch
Finanzsturm in den Vereinigten Arabischen Emiraten: Bankendruck, Immobilienmarktschwäche und wirtschaftliche Herausforderungen
Schwebende Laternen erleuchten eine verlassene Straße: Hoffnung inmitten des finanziellen Chaos in den VAE
Wichtige Punkte
- Bis zum 26. Mai 2025 haben die Vereinigten Arabischen Emirate (VAE) keine größeren Bankenschließungen gemeldet, jedoch stehen Banken vor Risiken durch steigende notleidende Kredite (NPLs) und einen abkühlenden Immobilienmarkt.
- Zu den schlechtesten Banken zählen jene mit hoher Exposition gegenüber gewerblichen Immobilien (CRE) und NPLs sowie größere Institute wie Emirates NBD, die mit wirtschaftlicher Unsicherheit und strafferen Finanzbedingungen konfrontiert sind.
- Aktien, Finanzunternehmen und Immobilienfirmen in den VAE stehen unter Druck durch sinkende Immobilienwerte, hohe Zinssätze und Handelspannungen, wobei Unternehmen wie Emaar Properties Verluste verzeichnen.
- Die Wirtschaft der VAE zeigt Schwächen, der Immobiliensektor, insbesondere in Dubai und Abu Dhabi, steht vor Herausforderungen, die durch Inflation, geopolitische Spannungen und globale wirtschaftliche Gegenwinde verschärft werden.
Tags:
#ZendUAEFnanzen #VAEWirtschaft #BankenDruck #ImmobilienAbschwung #CREKrise #NotleidendeKredite #EmiratesNBD #EmaarProperties #Wirtschaftsverlangsamung #GeopolitischeSpannungen #RegionaleBanken #FinanzielleStabilität #GlobalerHandel #VAEImmobilienmarkt #WirtschaftlicheHerausforderungen
Hebrew / עברית
סערה פיננסית באיחוד האמירויות הערביות: לחצים בנקאיים, מאבקים בשוק הנדל”ן ואתגרים כלכליים
פנסים צפים מאירים רחוב סגור: התקווה מהבהבת בתוך המהומה הפיננסית של האמירויות
נקודות מפתח
- נכון ל-26 במאי 2025, איחוד האמירויות הערביות (האמירויות) לא דיווחו על סגירות בנקים גדולות לאחרונה, אך בנקים נתונים בסיכון עקב עלייה בהלוואות לא מוחזרות (NPLs) ושוק נדל”ן מתקרר.
- הבנקים בעלי הביצועים הגרועים ביותר כוללים בנקים עם חשיפה גבוהה לנדל”ן מסחרי (CRE) ו-NPLs, לצד בנקים גדולים כמו Emirates NBD שמתמודדים עם אי ודאות כלכלית ותנאי פיננסיים מחמירים.
- מניות, חברות פיננסיות וחברות נדל”ן באמירויות נמצאות תחת לחץ עקב ירידת ערכי הנדל”ן, ריביות גבוהות ומתחים סחריים, כאשר חברות כמו Emaar Properties רואות הפסדים בתוך האטה כלכלית רחבה יותר.
- הכלכלה של האמירויות מראה סימני חולשה, שוק הנדל”ן, במיוחד בדובאי ואבו דאבי, מתמודד עם אתגרים, המוחמרים על ידי אינפלציה, מתחים גיאופוליטיים ורוחות כלכליות עולמיות נגדיות.
תגיות:
#ZendUAEFnance #כלכלתהאמירויות #לחץבנקאי #ירידתנדלן #משברCRE #הלוואותלאמוחזרות #EmiratesNBD #EmaarProperties #האטהכלכלית #מתחיםגיאופוליטיים #בנקיםאזוריים #יציבותפיננסית #סחרגלובלי #שוקהנדלןבאמירויות #אתגריםכלכליים
Russian / Русский
Финансовый шторм в Объединённых Арабских Эмиратах: давление на банки, проблемы на рынке недвижимости и экономические вызовы
Плавающие фонари освещают закрытую улицу: надежда мерцает среди финансового хаоса в ОАЭ
Ключевые моменты
- По состоянию на 26 мая 2025 года в Объединённых Арабских Эмиратах (ОАЭ) не сообщалось о крупных закрытиях банков, но банки сталкиваются с рисками из-за роста необслуживаемых кредитов (NPLs) и охлаждения рынка недвижимости.
- Худшие банки включают те, у которых высокая экспозиция к коммерческой недвижимости (CRE) и NPLs, а также крупные банки, такие как Emirates NBD, сталкивающиеся с экономической неопределённостью и ужесточением финансовых условий.
- Акции, финансовые компании и компании по недвижимости в ОАЭ находятся под давлением из-за падения стоимости недвижимости, высоких процентных ставок и торговых напряжений, при этом такие компании, как Emaar Properties, несут убытки на фоне более широкого экономического спада.
- Экономика ОАЭ демонстрирует уязвимость, рынок недвижимости, особенно в Дубае и Абу-Даби, сталкивается с проблемами, усугубляемыми инфляцией, геополитическими напряжениями и глобальными экономическими противодействиями.
Теги:
#ZendUAEFnance #ЭкономикаОАЭ #ДавлениеНаБанки #СпадНедвижимости #КризисCRE #НеобслуживаемыеКредиты #EmiratesNBD #EmaarProperties #ЭкономическийСпад #ГеополитическиеНапряжения #РегиональныеБанки #ФинансоваяСтабильность #ГлобальнаяТорговля #РынокНедвижимостиОАЭ #ЭкономическиеВызовы
Arabic / العربية
عاصفة مالية في الإمارات العربية المتحدة: ضغوط مصرفية، صعوبات في سوق العقارات، وتحديات اقتصادية
فوانيس عائمة تضيء شارعاً مغلقاً: الأمل يتلألأ وسط الفوضى المالية في الإمارات
النقاط الرئيسية
- حتى 26 مايو 2025، لم تبلغ الإمارات العربية المتحدة (الإمارات) عن إغلاقات مصرفية كبيرة مؤخرًا، لكن البنوك تواجه مخاطر بسبب ارتفاع القروض غير المسددة (NPLs) وتهدئة سوق العقارات.
- أسوأ البنوك تشمل تلك ذات التعرض العالي للعقارات التجارية (CRE) وNPLs، إلى جانب بنوك كبرى مثل Emirates NBD التي تواجه عدم يقين اقتصادي وظروف مالية أكثر صرامة.
- الأسهم، الشركات المالية، وشركات العقارات في الإمارات تتعرض لضغوط بسبب انخفاض قيم العقارات، أسعار الفائدة المرتفعة، والتوترات التجارية، مع شركات مثل Emaar Properties تسجل خسائر وسط تباطؤ اقتصادي أوسع.
- تظهر اقتصاد الإمارات هشاشة، مع مواجهة قطاع العقارات، خاصة في دبي وأبوظبي، تحديات تتفاقم بسبب التضخم، التوترات الجيوسياسية، والرياح الاقتصادية العالمية المعاكسة.
الوسوم:
#ZendUAEFnance #اقتصادالإمارات #ضغوطمصرفية #انخفاضعقاري #أزمةCRE #قروضغيرمسددة #EmiratesNBD #EmaarProperties #تباطؤاقتصادي #توتراتجيوسياسية #بنوكإقليمية #استقرارمالي #تجارةعالمية #سوقالعقاراتفيالإمارات #تحدياتاقتصادية
Japanese / 日本語
アラブ首長国連邦の金融嵐：銀行への圧力、不動産市場の苦戦、経済的課題
浮かぶ提灯が閉鎖された通りを照らす：UAEの金融混乱の中で希望がちらつく
主要ポイント
- 2025年5月26日時点で、アラブ首長国連邦（UAE）では最近の大規模な銀行閉鎖は報告されていませんが、銀行は不良債権（NPLs）の増加と不動産市場の冷え込みによるリスクに直面しています。
- 最悪のパフォーマンスを示す銀行には、商業用不動産（CRE）やNPLsへの高いエクスポージャーを持つ銀行や、Emirates NBDのような大銀行が含まれ、経済的不確実性と厳しい財務条件に直面しています。
- UAEの株式、金融会社、不動産会社は、不動産価値の低下、高金利、貿易の緊張による圧力を受け、Emaar Propertiesのような企業はより広範な経済減速の中で損失を被っています。
- UAE経済は脆弱性を示しており、特にドバイとアブダビの不動産セクターは、インフレ、地政学的緊張、グローバルな経済的逆風によって悪化する課題に直面しています。
タグ:
#ZendUAEFnance #UAE経済 #銀行圧力 #不動産下落 #CRE危機 #不良債権 #EmiratesNBD #EmaarProperties #経済減速 #地政学的緊張 #地域銀行 #金融安定性 #グローバル貿易 #UAE不動産市場 #経済的課題
Chinese / 中文
阿拉伯联合酋长国的金融风暴：银行压力、房地产市场困境和经济挑战
漂浮的灯笼照亮了一条关闭的街道：阿联酋的金融动荡中希望闪烁
关键点
- 截至2025年5月26日，阿拉伯联合酋长国（阿联酋）最近未报告重大银行关闭，但银行因不良贷款（NPLs）增加和房地产市场降温而面临风险。
- 表现最差的银行包括商业房地产（CRE）和NPLs高暴露的银行，以及像Emirates NBD这样的大型银行，因经济不确定性和金融条件收紧而面临挑战。
- 阿联酋的股票、金融公司和房地产公司因房地产价值下降、高利率和贸易紧张而承受压力，像Emaar Properties这样的公司在更广泛的经济放缓中出现亏损。
- 阿联酋经济显示出脆弱性，房地产行业，特别是在迪拜和阿布扎比，面临挑战，受到通货膨胀、地缘政治紧张和全球经济逆风的加剧。
标签:
#ZendUAEFnance #阿联酋经济 #银行压力 #房地产下滑 #CRE危机 #不良贷款 #EmiratesNBD #EmaarProperties #经济放缓 #地缘政治紧张 #地区银行 #金融稳定性 #全球贸易 #阿联酋房地产市场 #经济挑战
🔒 OFFICIAL SOURCES
© BERNDPULCH.ORG – Licensed Intelligence Media
📌 Primary Domain: https://www.berndpulch.org
🔍 Mirror: https://googlefirst.org
💎 EXCLUSIVE ACCESS
Patrons/donors receive classified briefings. Act now for full disclosure.
📜 CREDENTIALS
🖇️ ARCHIVES
💰 CRYPTO SUPPORT
BTC/ETH/BNB:
0xdaa3b887f885fd7725d4d35d428bd3b402d616bb
Multi-Chain (BSC/ETH/Polygon):
0x271588b52701Ae34dA9D4B31716Df2669237AC7f
Monero (XMR):
41yKiG6…Coh (Full address at Donations)
🙏 DIVINE PROTECTION
May truth prevail. optimize this
Bernd Pulch 