{
  "id": 5252244,
  "title": "UAE non-oil sector records fastest growth since 2024 despite Iran war",
  "url": "https://urgent.news/2026/09/03/uae-non-oil-sector-records-fastest-growth-since-2024-despite-iran-war",
  "topic": "world",
  "section": "World",
  "published": "2026-09-03T04:56:16.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/2026/09/03/uae-non-oil-sector-records-fastest-growth-since-december-2024-despite-iran-war-impact/"
  },
  "original_language": "en",
  "account": "In August, the non-oil private sector in the UAE demonstrated the fastest growth since December 2024, signaling a strong recovery from the impacts of the Iran war. The seasonally adjusted S&P Global UAE Purchasing Managers' Index surged to 55.3 from 52.7 in July, indicating robust economic activity, as a reading above 50 signifies expansion. This growth was primarily driven by a significant increase in new business, the joint-strongest level in over two years, coupled with an acceleration in output growth, inventory expansion, easing supply constraints, and reduced price pressures. S&P Global Market Intelligence's principal economist, David Owen, noted that the UAE's non-oil economy has \"shifted decisively into a higher gear,\" with firms adapting more effectively to the current market environment. The surge in August was attributed to heightened sales momentum and expanded stock build-outs, accompanied by improved customer activity and a gradual easing of economic caution stemming from the Middle East conflict. Additionally, export demand witnessed a rise, marking consecutive expansions following a downturn throughout the second quarter.",
  "summary": "Business activity in the UAE's non-oil private sector in August improved at the fastest pace since December 2024 in a clear sign of recovery as companies shake off the impact of the Iran war . The seasonally adjusted S&P Global UAE Purchasing Managers' Index climbed to 55.3 from the 52.7 recorded in July. A reading above 50 indicates growth in economic activity, while one below indicates a…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Gulf News",
        "title": "UAE non-oil growth hits fastest pace since 2024, but hiring slips",
        "url": "https://urgent.news/2026/09/03/uae-non-oil-growth-hits-fastest-pace-since-2024-but-hiring-slips",
        "published": "2026-09-03T04:32:58.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "UAE non-oil sector records fastest growth since 2024 despite Iran war",
        "url": "https://urgent.news/2026/09/03/uae-non-oil-sector-records-fastest-growth-since-2024-despite-iran-war-5252289",
        "published": "2026-09-03T04:56:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}