UAE growth continues in early 2026 on banking, trade and rankings
S&P noted that the UAE economy is underpinned by strong fiscal and economic resilience, supported by consolidated government net assets estimated at around 184 percent of GDP in 2026
19 April, 2026
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The UAE economy maintained its upward trajectory in the first months of 2026, supported by the strength of the financial and banking sector alongside rising foreign trade and investment indicators, according to official data and local and international reports.
The country has further reinforced its position as a model of stability and flexibility in navigating evolving global economic conditions, strengthening its sustainable leadership at both regional and global levels.
According to the Central Bank of the UAE (CBUAE), total banking assets increased by 1.1 per cent in February 2026 to exceed Dhs5.472tn, compared to Dhs5.414 tn in January.
Total credit rose by 1.2 per cent to Dhs2.63tn, supported by an increase of Dhs20.6bn in domestic credit. Bank deposits grew by 1.9 per cent to Dhs3.4tn, while resident deposits increased by 1.7 per cent to Dhs3.098tn.
The financial system continued to show strong stability. At the beginning of March, the capital adequacy ratio stood at 17 per cent, while the liquidity coverage ratio exceeded 146.6 per cent, remaining well above international regulatory thresholds.
International rating agencies reaffirmed the UAE’s sovereign strength. Moody’s maintained its Aa2 rating with a stable outlook following its review on 30 March 2026.
S&P Global Ratings also affirmed the UAE’s sovereign credit rating at AA/A-1+ for both local and foreign currencies, with a stable outlook.
S&P highlighted the UAE’s strong fiscal and economic resilience, supported by consolidated government net assets estimated at around 184 per cent of GDP in 2026, while government liquid assets stood at approximately 210 per cent of GDP.
On the trade front, the UAE continued to advance its foreign trade strategy under the comprehensive economic partnership agreements (CEPA) programme, which targets non-oil trade of Dhs4tn by 2031.
During the first quarter of 2026, agreements were signed with the Philippines, Nigeria, the Democratic Republic of the Congo and Gabon.
The country also entered the world’s top ten merchandise exporters for the first time, ranking ninth globally according to the World Trade Organisation.
UAE’s foreign trade reached Dhs6tn in 2025
Total foreign trade reached Dhs6tn in 2025, up 15 per cent compared to 2024. Trade in services exceeded Dhs1.14tn for the first time, while non-oil merchandise trade rose 27 per cent to Dhs3.8 tn.
In investment markets, Mubadala Investment Company reported assets reaching Dhs1.4tn, with a cumulative return exceeding 10 per cent over five- and ten-year periods.
ADNOC also entered the list of the world’s 100 most valuable brands, remaining the UAE’s most valuable brand for the eighth consecutive year. Its brand value rose 11 per cent to US$21.13 bn, reflecting growth of more than 350 per cent since 2017.
Dubai advanced to seventh place in the Global Financial Centres Index, marking its highest ranking to date and reinforcing its position as a leading global financial hub.
Corporate expansion trends also pointed upward, with the number of registered companies in the UAE exceeding 1.45m by the end of February.
Dubai Chamber of Commerce added 2,709 new companies in March 2026.
In Sharjah, the Economic Development Department recorded a 1 per cent increase in issued and renewed licences in Q12026 compared to the same period in 2025.
In Ajman, authorities issued 1,617 new licences and 8,777 renewed licences, with renewed licences rising 7 per cent year-on-year, signalling steady business activity.
On the debt capital markets side, the UAE dirham-denominated Treasury bonds (T-Bonds) auction in March 2026 raised Dhs1.1 bn.
Demand was strong from primary dealers for tranches maturing in September 2027 and January 2031, with total bids reaching Dhs4.85bn, around 4.4 times the issuance size.






















