UAE Economy Sees Strong Growth in Early 2026

Apr 19, 2026

83 min

Apr 19, 2026 11:30

UAE growth accelerates in early 2026 driven by banking and trade gains

## Banking Sector Expansion

In the early months of 2026, the UAE's economy experienced significant growth, largely driven by the banking sector. The Central Bank of the UAE reported a 1.1% increase in total banking assets in February, reaching over Dh5.472 trillion. Credit growth also remained robust, with a 1.2% rise to Dh2.63 trillion, supported by a notable increase in domestic credit.

## Trade and Investment Boost

The UAE's trade sector played a crucial role in this economic expansion. The country advanced its Comprehensive Economic Partnership Agreements, aiming to boost non-oil trade to Dh4 trillion by 2031. New agreements with countries like the Philippines and Nigeria were signed, enhancing the UAE's trade network. The UAE also entered the top ten global merchandise exporters for the first time, ranking ninth.

## Sovereign Ratings and Financial Stability

The country's sovereign credit ratings remained strong, with Moody's maintaining an Aa2 rating and S&P Global Ratings affirming an AA/A-1+ rating. These ratings reflect the UAE's substantial fiscal buffers and economic resilience.

## Corporate and Financial Growth

On the corporate front, ADNOC was recognized as one of the world's 100 most valuable brands, with its brand value increasing by 11% to $21.13 billion. Dubai also improved its position in the Global Financial Centres Index, reaching seventh place, indicating growth in financial services and investor activity.

## Business and Debt Market Developments

Business activity continued to rise, with over 1.45 million registered companies by February's end. The Dubai Chamber of Commerce reported 2,709 new companies in March. In the debt markets, a Treasury bond auction in March raised Dh1.1 billion, with bids significantly exceeding the issuance size, showing strong investor confidence.

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