UAE economy grew in first half of 2026 despite impact of Iran war
The UAE's real gross domestic product grew 0.4 per cent annually to Dh961.9 billion ($262 billion) in the first half of 2026, driven by non-oil business activity, despite the impact of the Iran war. The non-oil sector's contribution to the GDP during the six-month period increased by 1.8 per cent to 79.2 per cent, the Federal Competitiveness and Statistics Centre said in a statement on Friday.…
The UAE's economy expanded by 0.4 percent annually in the first half of 2026, according to the Federal Competitiveness and Statistics Centre. This growth was primarily driven by non-oil business activity. The non-oil sector's contribution to GDP rose by 1.8 percent to 79.2 percent during the six-month period, reflecting the country's diversification efforts.
The FCSC noted that these expanding contributions to economic activity demonstrate the diversity of growth drivers, supporting sustainable and balanced growth across various economic sectors. However, the second quarter saw a decline in the UAE's real GDP to Dh476.9 billion, a 2.1 percent decrease annually. This downturn was attributed to several economic sectors, with tourism, transport, and trade being particularly affected by regional developments and travel disruptions.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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