AED & USD - Markets & outlook
United Arab Emirates dirham - AED:
Recent developments that may influence the UAE Dirham (AED) include:
- Geopolitical Tensions: On June 13, 2025, markets in the UAE and the Middle East declined following Israel's military strikes on Iran, leading to increased oil prices and market volatility. (reuters.com)
- Economic Growth Forecasts: The Arab Monetary Fund projects the UAE's economy to grow by 6.2% in 2025, driven by improvements in tourism, real estate, and international trade. (gulfnews.com)
- Trade Negotiations: The UAE is seeking a trade agreement with the U.S. to reduce tariffs on steel and aluminum exports, potentially impacting trade balances and currency dynamics. (reuters.com)
- Non-Oil Sector Performance: In May 2025, the UAE's non-oil private sector growth slowed to its weakest in nearly four years, indicating potential challenges in the economy's diversification efforts. (reuters.com)
- AI Investments: The UAE is heavily investing in artificial intelligence to diversify its economy, with initiatives like Abu Dhabi's MGX fund and partnerships with U.S. tech companies. (ft.com)
These factors may affect the AED's value, influencing travelers, expats, and business owners.