UAE economy expected to grow 10.4% in 2027
The Central Bank of the United Arab Emirates expects the country's economy to grow by 1.6% in 2026, continuing its expansion after strong growth rates in 2024 and 2025, and reaching 10.4% in 2027 supported by developments in both the oil and non-oil sectors. Oil sector growth is anticipated to reach 2.4% in 2026, with oil production increasing to 5 million barrels per day by 2027, representing a 26.8% rise. Additionally, the non-oil GDP is projected to grow by 1.3% in 2026 and 4.9% in 2027, as production conditions return to normal, provided external developments remain favorable. The country's insurance sector also showed growth in the first half of 2026, with written premiums increasing by 11% to reach 45.4 billion dirhams, and insurance claims rising by 18.7%.
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