UAE's Economy Gains Over Half a Trillion Dirhams

The UAE economy experienced significant growth during the first half of 2026, with real gross domestic product reaching 961.9 billion dirhams, marking a 0.4% increase compared to the same period last year. Non-oil activities continued to dominate, accounting for 79.2% of the total. Although output declined in the second quarter by 2.1% compared to the previous year, non-oil sectors kept expanding, with key industries such as finance, insurance, and commerce showing substantial growth. The UAE economy is projected to achieve a record growth rate of 9.5% in 2027, with Fitch Agency reaffirming its structural resilience despite regional challenges.

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