Talk of banks in the UAE needing to lengthen the maturity of real estate loans may be the first sign that the country’s property slump is starting to cause fresh debt problems. Elsewhere, Oman may not have any large FX debt repayments due in 2019-20, but it is still dependent on external financing conditions remaining favourable. If devaluation concerns build, the authorities will be forced to seek a bailout from the rest of the Gulf.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services