The report famous that the UAE’s Buying Managers’ Index (PMI) rebounded to 53.3 in August, after easing to 52.9 in July — the bottom stage in 4 years amid regional uncertainty and rising competitors.
Confidence within the nation’s fundamentals was strengthened by Fitch Rankings’ affirmation of the UAE’s sovereign credit standing at “AA-” with a steady outlook, underlining the power of sovereign belongings and bolstering investor confidence.
OPEC praises UAE economic system
The UAE’s non-oil diversification additionally gained momentum, with international commerce increasing by 24 per cent in H1 2025, far outpacing world commerce progress of simply 1.8 per cent. OPEC mentioned this efficiency strengthens the nation’s position as a world commerce hub and underscores the dynamism of its non-oil sectors.
Tourism was flagged as one other key progress driver, with Dubai welcoming almost 10m guests within the first half of 2025. OPEC mentioned this aligns with the emirate’s D33 financial agenda, which goals to place Dubai as a number one world vacation spot and improve fiscal revenues.
On oil markets, OPEC left its forecast unchanged, projecting world oil demand progress of 1.3m barrels per day (mb/d) in 2025 and 1.4 mb/d in 2026. Many of the progress will come from non-OECD international locations (1.2 mb/d yearly), whereas OECD demand is anticipated to rise extra modestly.
The report added that transport fuels — together with gasoline, jet gasoline and diesel — will stay the primary drivers of demand progress, adopted by LPG and naphtha utilized in petrochemicals.