UAE Central Bank Sees 2027 Growth
The Central Bank of the United Arab Emirates expects the national economy to grow by 10.4% in 2027, driven by projections of increasing oil production and sustained strong growth in non-oil sectors. Data indicates that the growth rate of non-oil economic activities is accelerating to 4.9% during the same year. Reports from the first quarter of 2026 showed a total growth of 3%, with notable increases in the financial services and construction sectors, registering 17.3% and 8.1% growth respectively. The banking market remained stable in terms of assets and deposits, with total assets rising to AED 5.741 trillion and credit growing by 2.6% in August. Meanwhile, the stock markets maintained their stability, with Dubai’s market increasing by 4.4% annually.
Notice: This Is an AI-Generated Summary
Comments (0)