UAE: Cabinet reshuffled as international trade hits new highs

Risk Management Reports
Issue 1163 - 13 Feb 2023 | 3 minute read

Risk Grade A1

Cabinet reshuffle: Federal Vice President and Prime Minister, and Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum (MBR) announced a minor cabinet reshuffle on 7 February, with Shamma Al-Mazrui appointed community development minister (she is also COP28 ‘youth climate champion‘) and Salem Bin Khalid Al-Qassimi named culture and youth minister. 

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Risk Management Report grades

GSN risk grades are intended to provide a broad guide to political and economic stability.

Political risk
Rated according to six grades, from A (most stable) to F (failed state).

Economic and financial risk
Graded from 1 (wealthiest/most sound financials) to 6 (bankrupt).

The grades are intended only to offer an immediate gauge of where risk stands in the regional pecking order. An A or 1 grade does not mean the polity is devoid of risk.

To provide a degree of nuance, risk grades also use trends arrows which go upwards (↑) or downwards () to denote cases where momentum is positive or negative.

The grades do not change regularly: upgrades and downgrades are intended to reflect long-term trends or the impact of an exceptionally changed situation.