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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

Neesha Salian
Neesha Salian

19 April, 2026

UAE growth continues in early 2026 on banking, trade and rankings
Image: Getty Images/ For illustrative purposes

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Article Summary
Official data indicates the UAE economy remained strong in early 2026. The financial sector demonstrated stability with increased banking assets and credit. Foreign trade rose significantly, supported by comprehensive economic partnership agreements. The UAE’s sovereign credit rating was affirmed, and Dubai's global financial centre ranking improved, alongside a surge in registered companies nationwide.

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.

Reopening date announced: Dubai’s Global Village returns after closing in February

The reopening follows a temporary shutdown that lasted over a month due to escalating regional tensions that began on February 28

Nida Sohail
Nida Sohail

18 April, 2026

Reopening date announced: Dubai’s Global Village returns after closing in February

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Article Summary
Global Village reopens this Monday at 5pm after a month-long closure due to regional tensions. Season 30, a milestone year, will now run until May 2026. This popular Dubai destination, showcasing over 90 countries, offers entertainment, shopping, and dining. Organisers emphasise its importance as a hub for cultural exchange.

Global Village, the region’s premier multicultural family destination for entertainment, dining, shopping and attractions, is set to welcome guests back this Monday, April 20, starting from 5:00pm.

The news regarding the same was conveyed on the entity’s Instagram page.

The reopening follows a temporary shutdown that lasted over a month due to escalating regional tensions that began on February 28.

The pause disrupted major seasonal programming, including Eid Al Fitr fireworks and drone shows, leaving visitors and residents awaiting updates. However, signs of recovery emerged when UAE authorities confirmed on April 9 that the country’s airspace was free of aerial threats for the first time in 41 days.

Season 30 marks a historic milestone

Now in its landmark 30th season, Global Village continues to bring cultures, communities and families together through shared experiences. The destination operates daily from 5:00pm to 12:00am and remains one of Dubai’s most popular seasonal attractions.

Following the record-breaking success of Season 29, which welcomed over 10.5 million guests, Season 30 was announced as a milestone year. Originally launched on October 15, 2025, the season is scheduled to run through May 10, 2026.

Featuring pavilions representing more than 90 countries, Global Village offers a diverse mix of entertainment, retail and dining. “Global Village continues to bring cultures, communities and families together,” organisers said, underscoring its role as a key hub for cultural exchange in the UAE.

Hormuz Strait shut again: Iran halts key oil route, blames US blockade

While some vessels were reportedly seen transiting the strait earlier, it remains unclear how much commercial traffic has successfully passed through the narrow corridor

Nida Sohail
Nida Sohail

18 April, 2026

Hormuz Strait shut again: Iran halts key oil route, blames US blockade

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Article Summary
Iranian forces have reportedly resumed control of the Strait of Hormuz, a key global shipping route, citing US failure to meet prior obligations. State media claims the strait is now closed, requiring Iranian approval for passage. This follows warnings regarding continued US naval pressure and accusations of "piracy," raising concerns about disruption to international trade and energy markets.

Iran’s military announced it has resumed control of the Strait of Hormuz, one of the world’s most critical shipping routes, according to reports from BBC News and Iranian state media.

The Islamic Revolutionary Guards Corps (IRGC), cited by Fars News Agency, the Iranian Students News Agency, and Islamic Republic of Iran Broadcasting, said the waterway had returned “to its previous state,” with Iranian armed forces exercising control.

Shipping uncertainty and rising accusations

While some vessels were reportedly seen transiting the strait earlier, it remains unclear how much commercial traffic has successfully passed through the narrow corridor, a vital artery for global oil shipments, according to BBC News.

Iran’s military accused the US of “piracy,” arguing that Washington’s “so-called blockade” of Iranian ports amounts to “maritime robbery.” Tehran has repeatedly warned it would restrict access if such measures continued.

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State broadcaster Islamic Republic of Iran Broadcasting reported that the route “is now closed again and passage requires IRAN approval,” reinforcing that foreign vessels must seek authorisation.

According to Iran’s Central Military Headquarters, Tehran had previously agreed to allow limited ship passage under specific conditions. However, officials claim the US “did not fulfill their obligations,” prompting the latest restrictions.

A statement posted on IRIB’s official X account reiterated that the strait is now effectively closed without Iranian consent.

Political warnings precede action

The decision follows warnings reported by The Telegraph from Mohammad Bagher Ghalibaf, who said the strategic waterway would “not remain open” if US naval pressure persisted in the region.

Iranian officials now say restrictions have been reimposed due to Washington’s failure to ease its maritime blockade, raising concerns about further disruption to global trade and energy markets.

Iran closes Strait of Hormuz again over continued US blockade of its ports, state media says.

There is confusion over the status of the critical shipping lane, after the US and Iran gave conflicting statements about its opening.

G42 and R/GA unveil AI-driven “generative interface” to replace traditional websites

Alpha.G42.ai is built as an immersive interface where artificial intelligence is embedded directly into the user experience

Neesha Salian
Neesha Salian

18 April, 2026

G42 and R/GA unveil AI-driven “generative interface” to replace traditional websites
Image: Supplied

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G42 and R/GA have launched alpha.G42.ai, which they describe as a prototype “generative interface” designed to replace traditional static websites with adaptive, AI-driven digital experiences.

The platform, unveiled on Thursday, uses integrated large language models to generate and curate content in real time, allowing users to interact via text or voice and receive tailored outputs based on their intent.

The companies said the system represents a shift from conventional web design toward conversational, agent-based interfaces.

Alpha.G42.ai is built as an immersive interface where artificial intelligence is embedded directly into the user experience. As users navigate the platform, it dynamically produces content formats such as sector-specific executive briefings or customised audio outputs, according to the companies.

The initiative targets business, government, academic and entrepreneurial audiences seeking to engage with G42’s concept of an “Intelligence Grid for AI-Native Societies,” which it positions as infrastructure enabling the flow of data and AI capabilities across sectors and geographies.

“Websites are dead; agencies are irrelevant; prove us wrong,” said Kyle Wheeler, the global executive creative director at R/GA, describing the brief given to agecncy. He said the response was to build “the next operating system for brands” rather than redesign a website.

The AI platform is a prototype for a new form of the web

Alesandro Brunori, VP Of Brand Experience at G42, said the platform is intended as “a prototype for a new form of the web,” moving from manually published content to systems that generate and evolve information in real time.

The system ingests various content formats including PDFs, videos and articles, converting them into a knowledge base that can be used to generate audience-specific outputs. It also retains contextual memory to inform responses to user queries, the companies said.

They added that the approach departs from traditional content management systems by focusing on dynamically generated content, with potential implications for search optimisation and machine-to-machine interaction.

R/GA led strategy, experience design and engineering for the project in partnership with G42’s internal communications, creative and technology teams.

G42, based in Abu Dhabi, focuses on artificial intelligence and cloud computing, while R/GA operates as an independent creative innovation firm with a global presence.

UAE school buses to resume from April 20, ministry confirms

Move reverses earlier suspension as authorities confirm transport services are ready to operate alongside full return to in-person learning

Gulf Business
Gulf Business

18 April, 2026

UAE school buses to resume from April 20, ministry confirms

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UAE school bus services will resume on Monday, 20 April 2026, for all public and private schools. This follows a Ministry of Education announcement, reversing a previous suspension. The decision was made after further coordination with transport authorities and municipalities to ensure rigorous safety standards are in place across the organisation.

School bus operations across the UAE will resume from Monday, April 20, 2026, following a fresh update from the Ministry of Education.

The decision marks a reversal of a previous announcement of a temporary suspension, with officials now confirming that transport services are ready to operate across all public and private schools nationwide.

“In light of the ongoing assessments conducted by the National Emergency and Crisis Management Authority alongside the Ministry of Education, and local education authorities, it has been decided to resume school bus operations starting Monday, 20 April 2026 for all public and private schools in the country,” the statement confirmed.

The update comes just days after officials had delayed bus services to allow for further coordination with transport authorities and municipalities to ensure the highest safety standards.

Anti-money laundering law in Saudi: Travel bans, deportations and asset confiscation tightened

The cabinet approved the changes, which include new provisions imposing travel bans on convicted offenders and broadening the scope of asset confiscation

Gulf Business
Gulf Business

18 April, 2026

Anti-money laundering law in Saudi: Travel bans, deportations and asset confiscation tightened

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Saudi Arabia has amended its anti-money laundering law, increasing penalties and enforcement. The changes include travel bans for Saudi nationals and deportation for foreign nationals convicted of money laundering. Courts have broader powers to confiscate assets, even those held by third parties, although good-faith transactions are protected.

Saudi Arabia has introduced sweeping amendments to its anti-money laundering law, strengthening penalties and tightening enforcement mechanisms, according to official reports.

The cabinet approved the changes, which include new provisions imposing travel bans on convicted offenders and broadening the scope of asset confiscation.

Under the updated Article 28, Saudi nationals sentenced to prison for money laundering will face a travel ban equal in duration to their prison term, a Saudi Gazette report said.

Read more-Foreigners owning property in Saudi: The rules you need to know

Foreign nationals convicted of the same offense will be deported after completing their sentence and barred from re-entering the kingdom, except for Hajj or Umrah, in line with existing regulations.

Courts granted wider powers

The amendments reinforce financial penalties and significantly expand judicial authority. Article 33 requires courts to confiscate laundered funds, proceeds, and related assets upon conviction. If illicit funds are mixed with legitimate assets, authorities will seize an equivalent value.

Courts may also confiscate assets deemed disproportionate to an offender’s legitimate income, provided they are proven to stem from criminal activity, unless the individual can demonstrate a lawful source.

The law further allows confiscation of assets held by third parties if they are linked to the crime. However, protections remain in place for individuals who can prove assets were acquired in good faith and for fair value.

Authorities can also suspend or invalidate transactions that could obstruct asset recovery efforts.

A newly introduced Article 49 bis assigns the Permanent Committee for Combating Money Laundering responsibility for developing risk-based national policies and assessing emerging threats, including those tied to high-risk countries.

The amendments also remove references to “non-profit organisations” from several provisions, reflecting a broader regulatory shift.

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