{
  "id": 5252289,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-09-03T04:56:16.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "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": "The UAE's non-oil private sector experienced its fastest growth since December 2024 in August, signaling a robust recovery, according to S&P Global Market Intelligence. The seasonally adjusted Purchasing Managers' Index (PMI) rose to 55.3, up from 52.7 in July. A PMI above 50 indicates growth in economic activity, while a reading below 50 suggests contraction. The latest PMI was driven by a significant surge in new business, the joint-strongest level in over two years, alongside stronger output growth, inventory expansion, reduced supply constraints, and lower price pressures. David Owen, principal economist at S&P Global, noted that the UAE's non-oil economy has \"shifted decisively into a higher gear,\" with August's PMI indicating that firms are adapting better to the current market environment. The robust upturn was attributed to a combination of growing sales momentum, increased stock build-outs, and improved customer activity, despite ongoing economic caution stemming from the Iran war. Export demand also saw a marked increase, marking two consecutive expansions following a decline 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 UAE",
        "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",
        "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."
}