Borsat Al Khaleej Live Support
01/06/2026 03:16 AST
The UAE's economy expanded by 6.2 percent year on year in 2025 to reach 1.9 trillion dirhams ($517 billion), driven by strong gains in the country's non-oil sector.
According to official data from the Federal Competitiveness and Statistics Center, the UAE's non-oil economy grew by 6.8 percent, reaching 1.5 trillion dirhams, state news agency WAM reported.
The UAE has intensified efforts to diversify its economy in recent years, seeking to reduce reliance on oil revenues by expanding sectors including finance, technology, manufacturing, tourism, and logistics. The country aims to strengthen the role of non-oil industries, attract foreign investment, and position itself as a global hub for business and innovation.
UAE's Economy Minister Abdulla bin Touq said: "The national economy continues its remarkable performance thanks to the wise leadership's support and the exceptional efforts of the public and private sectors, reflecting steady progress toward achieving the goals of the 'We the UAE 2031' vision."
Construction led the gross domestic product surge with an 11.1 percent expansion, followed closely by the finance and insurance sector at 10.4 percent.
Trade remained the largest contributor to the economy, accounting for 16.9 percent of GDP, followed by the finance and insurance sector at 13.2 percent, the construction sector at 12.9 percent, and the manufacturing sector at 12.8 percent.
Director of the Federal Competitiveness and Statistics Center, Hanan Mansour Ahli, stressed that the outstanding results recorded by the UAE economy during 2025 reflect the success of the country's development and economic policies in enhancing economic stability and raising the competitiveness of key sectors.
She added that the GDP figures also reflect the growth of "the national economy toward greater diversification and efficiency, supported by a flexible business environment, advanced infrastructure, and strategic investments in vital economic sectors."
She further said that the UAE continues to enhance its economic readiness for the future by investing in the digital economy, technology and innovation, and by developing an integrated economic ecosystem that supports long-term growth and consolidates the country's position as a global hub for business and investment.
Earlier this month, Dubai approved a 1.5 billion dirham economic support package to boost its business sector, underscoring the Emirate's ongoing efforts to bolster economic resilience amid global and regional uncertainties.
This followed an earlier 1 billion package approved in late March, which took effect from April 1 and focused on short-term liquidity support over three to six months.
In March, the Central Bank of the UAE rolled out a financial resilience package to support banks, including easier access to liquidity, temporary relief on funding and capital buffers, and flexibility for loan classifications.
Arab News
| Ticker | Price | Volume |
|---|
18/06/2026
The Central Bank of the UAE on Wednesday held its benchmark interest rate at 3.65 per cent. In a statement, the bank said it was maintaining the base rate applicable to the overnight deposit facility
Khaleej Times
18/06/2026
Diamond jewellery is cheaper in Dubai than India, costing between five to 20 per cent less, according to UAE jewellers.
The precious metal industry executives said savings becoming even more
Khaleej Times
18/06/2026
The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%.
This decision comes as part of the review conducted by the CB
Trade Arabia
18/06/2026
The UAE's Ministry of Finance has launched its first sovereign retail sukuk programme, offering individual investors access to government-backed Islamic investment instruments through a public subscr
Trade Arabia
18/06/2026
The Kingdom of Bahrain has achieved strong rankings across several key indicators in the Global Startup Ecosystem Report (GSER) 2026 with the country's startup ecosystem generating $1.6 billion in Ec
Trade Arabia