U.a.e. Economy Faces Contraction as Non-Oil Activity Weakens
Dow Jones
7 hours ago
0733 GMT - The U.A.E. economy is expected to contract by 0.2% in 2026 after growing 6.2% last year, as weakness in non-oil activity outweighs continued oil-sector expansion, Citi Research says. The bank forecasts a 0.8% decline in non-oil output, reversing growth of 6.8% in 2025, while oil-sector growth slows to 1.7% from 4.3%. Citi considers the U.A.E. the most exposed Gulf economy to the Middle East conflict through trade, tourism, imports and domestic demand. However, its strong fiscal position and external buffers give authorities considerable room to respond if disruptions persist, the bank says.
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