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OPEC: UAE's Non-Oil Economy Shows Strong Growth
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Mobile Business
The Organisation of the Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report (MOMR) for September 2025 highlighted that non-oil activities in the United Arab Emirates (UAE) continued to demonstrate strong resilience, with overall output growth remaining steady.
In addition, the strong performance of non-oil trade reinforced diversification efforts, with foreign trade expanding by 24% in the first half of 2025, far outpacing global trade growth of 1.8%.
This, the report emphasised, strengthens the UAE’s role as a global trade hub and underpins the dynamism of non-oil sectors throughout the year.
On the global oil market, the report stated that the forecast for world oil demand growth in 2025 remains at about 1.3 million barrels per day (mb/d), y-o-y, unchanged from last month’s assessment.
For 2026, global oil demand is forecast to rise by 1.4 mb/d, also unchanged from the previous month’s assessment.
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