Economic growth in the UAE is expected to remain strong, with a projected expansion of 5.1% in 2025, up from 3.8% in the previous year. This projection comes from the Q2 economic update by the Institute of Chartered Accountants in England and Wales (ICAEW), in collaboration with Oxford Economics. The forecast attributes the growth to a significant recovery in oil production and continued strength in the non-oil sectors, driven by international trade, tourism, and advancements in technology. UAE oil output is anticipated to average 3.8 million barrels per day by 2027, aligned with strategic goals to increase capacity to 5 million bpd.