Story thread · 6 reports / 3 sources

UAE recovery shows fortitude must be built in advance

thenationalnews.com · 5dShare

During the past five months, the UAE and its economy have experienced events that would leave most other countries quite damaged. The Iran war – arguably the Gulf's biggest challenge since Covid-19 – has disrupted energy, shipping and investment as well as shaking confidence across the region. That the UAE’s success has been built on openness and connectivity made such upheaval a challenge for a number of sectors. However, new data paints a picture of an economy and society that weathered the storm and rebounded. Business activity in the UAE's non-oil private sector climbed to a four-month high in July, while employment numbers rose, as companies continue to bounce back. The seasonally adjusted S&P Global UAE Purchasing Managers' Index climbed to 52.7 from 50.8 in June. A reading above 50 indicates growth in economic activity, while one below indicates a contraction. Meanwhile, Dubai's population has rebounded since the start of the war, with official figures showing 157,000 more peopl

First report: UAE GDP hits $132 billion in 2026 as 3% growth confirmed — arabianbusiness.com, 7d