Economy News

UAE wealth forecast to reach USD 6tn by 2030

UAE net wealth is projected to climb to USD 6 trillion by the end of 2030, adding more than USD 2.3 trillion over five years at 10.6% annual growth, according to Boston Consulting Group’s Global Wealth Report 2026: The Great Reordering.

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Economy News

UAE General Budget Committee advances draft 2027–2029 federal budget

The UAE General Budget Committee has held its 15th meeting to review the draft federal budget under the medium-term strategic plan for the 2027–2029 fiscal years, with deliberations centred on fiscal year 2027.

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Economy News

UAE economy reaches AED 961.9bn in H1 2026 as non-oil share climbs to 79.2%

The UAE’s real GDP reached AED 961.9 billion at constant prices in the first half of 2026, up 0.4% year-on-year, according to preliminary figures from the Federal Competitiveness and Statistics Centre (FCSC).

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Economy News

Abu Dhabi freelancer licenses surge 224% as new business registrations climb in H1 2026

Precision medicine in the Middle East is forecast to grow by 10 to 12 per cent over the next five to seven years, according to a new Frost & Sullivan report produced for World Health Expo (WHX).

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Economy News

S&P lifts Oman’s 2026 growth forecast to 3.5% on oil and trade strength

S&P Global Ratings has raised its forecast for Oman's real GDP growth in 2026 to 3.5% from 1.6%, citing higher oil production, stronger energy prices and increased trade and logistics activity, while affirming the sultanate's BBB- long-term and A-3 short-term sovereign ratings with a stable outlook.

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Economy News

China Securities opens regional office in DIFC to link Chinese and Gulf capital markets

Beijing-headquartered, publicly listed investment bank China Securities has received a license from the DIFC Authority to establish its regional presence in the Dubai International Financial Centre, and is also authorised by the Dubai Financial Services Authority (DFSA).

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Economy News

Dubai ranks ninth and Abu Dhabi 13th in Global Financial Centres Index

Dubai has been ranked ninth and Abu Dhabi 13th in the September 2026 edition of the Global Financial Centres Index, placing two UAE cities among the world's leading financial hubs.

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Economy News

UAE Central Bank raises base rate to 3.9% as Fed hike triggers policy shift

The Central Bank of the UAE (CBUAE) has increased its Base Rate by 25 basis points, moving from 3.65% to 3.9%, effective Thursday 17 September.

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Economy News

Mubadala takes USD 1bn minority stake in China’s Luckin Coffee

Abu Dhabi's Mubadala Investment Company has agreed to acquire a significant minority stake in Luckin Coffee in a transaction valued at approximately USD 1 billion, co-investing alongside Centurium Capital.

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Economy News

UAE’s BRICS membership drives 28.5% surge in non-oil trade to USD 312bn

The UAE is participating in the 18th BRICS Summit in New Delhi, with its membership generating measurable trade momentum.

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