18 Hrs
Source:
Sky News
UAE economy surpasses half a trillion dirhams
The UAE economy experienced significant growth during the first half of 2026, with real GDP reaching 961.9 billion dirhams, marking a 0.4% increase compared to the same period last year. The contribution of non-oil activities rose to 79.2% of the gross domestic product, with vital sectors such as trade, financial services, manufacturing industries, and real estate diversifying the economy. Although overall output declined by 2.1% in the second quarter, expectations remain optimistic for continued strong growth, with the World Bank forecasting real GDP growth of 9.5% in 2027 and an upgrade in the country's credit rating, reaffirming the resilience of the UAE economy in facing regional and international challenges.
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