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2 clusters · 14 sources · 26 days · First seen · Last updated

UAE non-oil economic growth

Overview

The United Arab Emirates' non-oil economy has demonstrated significant strength through 2026, driven by diversification efforts and rising demand. In the first quarter of 2026, the non-oil sector grew by 4.8%, raising its total contribution to the national GDP to 79.4%.

By September, the S&P Global UAE Purchasing Managers’ Index (PMI) held steady at 55.3, matching a 20-month high. This stability indicates a recovery in the non-oil private sector following a mid-year slowdown. Growth has been supported by increasing customer demand in local and international markets, with new export business expanding at its fastest rate in nearly two years. Consequently, firms have raised selling prices at the fastest pace in over 15 years to manage higher input costs.

Entities

United Arab Emirates · Central Bank of the United Arab Emirates · Stanbic Bank · Central Bank of Egypt · S&P Global

Timeline

  1. [BUSINESS] 12 sources
    African private sector shows mixed economic performance in September

    September 2026 PMI data shows mixed economic performance across Africa, with expansion in Kenya, Uganda, and Ghana, while South Africa and Mozambique face contraction or slowing output.

  2. [BUSINESS] 2 sources
    Egypt inflation and UAE banking assets show divergent trends

    Egypt reports core inflation rising to 14.9% in August, while UAE banking assets grew 1.3% to 5.669 trillion dirhams by late July.

Sources

256businessnews.com · 360mozambique.com · alborsaanews.com · alwatan.ae · businessfocus.co.ug · businesstoday.co.ke · commonwealthunion.com · diarioeconomico.co.mz · economymiddleeast.com · newstrends.co.ke · pulselive.co.ke · riotimesonline.com · tekedia.com · thehighstreetjournal.com