Standard Chartered’s Global Research division has released its latest economic outlook, expecting business activity in the United Arab Emirates to continue accelerating during the third quarter of 2026.

The bank’s analysis showed that the UAE Purchasing Managers’ Index for June, issued by S&P Global, recorded a reading above the 50-point mark, indicating continued expansion in the country’s non-oil economic activity.

According to the analysis, growth in the UAE’s non-oil economy is supported by strong domestic consumption and ongoing investment activity, while external demand is expected to improve gradually as regional trade flows recover.

Rola Abu Manneh, Chief Executive Officer of Standard Chartered in the UAE, Middle East, and Pakistan, said the latest PMI reading confirms the strength of the UAE’s non-oil economy and its ability to maintain momentum despite regional challenges.

She added that domestic consumption and investment continue to serve as key drivers of economic activity, while the gradual recovery in external demand provides a more positive outlook for the third quarter of the year.

Abu Manneh noted that these indicators reflect the strength of the UAE’s economic fundamentals and support its position as a leading regional hub for trade, investment, and capital flows.

The expectations come as the UAE’s non-oil economy continues to show solid performance, supported by a stable business environment and economic policies that promote diversification and sustainable growth.