UAE Among World’s Top 20 Financially Strong Emerging Economies

UAE Among World’s Top 20 Financially Strong Emerging Economies

Saudi Arabia tops with the eighth ranking followed by the UAE (17th), Kuwait (22nd), Qatar (35th), Oman (58th) and Bahrain (63rd) among the 66 emerging economies.. The report measures financial strength of countries based on their public and foreign debts, cost of borrowing and reserve cover.. The UAE is rated high on low cost of borrowing, followed by low public debt and reserve cover and foreign debt..