UAE’s Economy Shows Resilience with 0.4% Growth in First Half of 2026
The UAE economy demonstrated notable resilience during the first half of 2026, recording a 0.4% growth in real GDP to reach Dh961.9 billion. This performance was anchored by the non-oil sector, which expanded by 1.8% compared to the previous year and now accounts for 79.2% of the national economy. Despite a challenging second quarter—where regional disruptions led to a 2.1% quarterly contraction and hampered key areas like tourism and transport—the broader trend reflects a successful push toward economic diversification.
Sector-specific data highlights a strong performance in finance and insurance, which led the pack with a 14.8% growth rate, followed by robust gains in technology, communication, and construction. Trade remains the backbone of the non-oil economy, contributing 16.2% of its total activity, with construction and manufacturing also playing vital roles. While these figures remain preliminary, they underscore the UAE's ability to maintain a balanced economic landscape even amidst shifting regional dynamics, as authorities work toward finalizing comprehensive GDP revisions by early 2027.