Post by : Bianca Suleiman
Abu Dhabi – The UAE Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, has ratified the federal budget for 2026, allocating Dh92.4 billion in both revenues and expenditures. This figure represents the largest federal budget in the country's history since the establishment of the Union.
The 2026 framework is designed to support equitable development across emirates while enhancing the capacity and oversight of federal institutions. A notable measure is the launch of a dedicated programme to fund the Federal Financial Centre, with annual appropriations to secure the long-term viability of central federal services.
Rising Global Investments
Officials highlighted the UAE's expanding international investment footprint. Outbound foreign direct investment climbed to Dh1.05 trillion in 2024, an increase of 9% year-on-year, placing the UAE at the top of Arab nations and among the world’s leading economies in outward investment volume.
The government pointed to sustained trade growth as a key driver, noting exports rose sharply from Dh470 billion in 2019 to Dh950 billion in 2024, underscoring the country’s deepening commercial reach.
International Cooperation Strengthened
During the Cabinet session, ministers approved 35 international agreements and memoranda of understanding spanning economic and cooperation domains. These pacts are intended to broaden the UAE’s global partnerships and reinforce its trade and investment channels.
The approved 2026 budget continues the UAE’s policy of maintaining fiscal balance while prioritising innovation, attracting capital, and securing sustainable prosperity for residents and the broader economy.
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