UAE Economy Slows as War Hits Business Activity
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The UAE economy experienced a negative 2.1% GDP growth in the second quarter, mainly due to a decline in activities in the tourism, transportation, and trade sectors due to regional tensions and disruptions.
UAE economy slows as war hits business activity
The UAE’s economy contracted in the second quarter of 2026 as non-oil businesses struggled to grow amid the US-Iran war. Real GDP, a measure of economic growth adjusted for inflation, fell by just over 2 percent year on year to AED477 billion ($130 billion) for the quarter ended June 30, 2026, the UAE state-run Wam news […]
During the second quarter of this year, the contribution of non-oil activities to the economy of the United Arab Emirates shrank by more than 1%, with a number of major economic activities, mainly tourism, transport and trade, being influenced by regional tensions and war. The Federal Centre for Competitiveness and Statistics announced yesterday that real GDP fell by more than 2% to 476.9 billion dirhams, compared with the same period of [...].
The real gross domestic product (GDP) of the UAE fell by 2.1 per cent annually in the second quarter of 2026, due to instability in the region, reports ... 09.10.2026, PRIM
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