UAE set to be a “fiscal outlier” and the fastest growing country in the Gulf this year
The UAE is projected to achieve a fiscal surplus of up to 4.0% of GDP
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The UAE is projected to achieve a fiscal surplus of up to 4.0% of GDP
The CBUAE also raised its forecast for non-hydrocarbon GDP this year to 4.9% from 4.5%
Plus: Emirates NBD sees the UAE’s GDP growing 4.6% in 2026
The non-oil sector is expected to continue to drive growth next year
Non-oil GDP expanded 5.7% in 1H 2025, bringing the share of non-oil activities to a record 77.5% of real GDP
Inflation is projected to accelerate from 1.9% this year to 2.5% in 2026
The growth is backed by Dubai’s stellar 2Q performance and a higher oil production forecast
The bank expects our non-oil GDP to grow at 4.5% next year
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