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UAE non-oil economy grows 4.8% as share of GDP rises to 79.4%

Dubai: The UAE’s non-oil economy grew 4.8 per cent in the first quarter of 2026, lifting its contribution to gross domestic product to 79.4 per cent, as the country pushes ahead with policies aimed at strengthening business competitiveness and sustaining economic growth. Real GDP expanded 3 per cent during the quarter to Dh485 billion, Abdulla bin Touq Al Marri, Minister of Economy and Tourism,…

In the first quarter of 2026, the UAE's non-oil economy experienced a growth of 4.8 percent, raising its share of the country's gross domestic product (GDP) to 79.4 percent. This progress was reported by Abdulla bin Touq Al Marri, Minister of Economy and Tourism, during a discussion with the Economic Integration Committee. Real GDP increased by 3 percent during the quarter, reaching Dh485 billion, as the minister highlighted the economy's strength and diversification.

The committee reviewed various measures to enhance the business environment, stimulate investment, and reinforce coordination between federal and local authorities. Additionally, they assessed the advancements of priority economic clusters established in September 2025, aiming to bolster productivity, foster innovation, and heighten competitiveness in key sectors.

The group also deliberated on enhancing the UAE's anti-money laundering framework with stricter supervision and adherence to applicable laws and regulations, emphasizing the importance of transparency and governance to preserve the sustainability of the business environment and the nation's position as a global economic hub. The committee stressed the necessity of continuous cooperation among government bodies to bolster the economy's resilience and responsiveness to regional and global fluctuations while ensuring business continuity and expansion across diverse industries.

Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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