Economy

UAE approves $80bn federal budget plan for 2027–2029 
  • The UAE Cabinet approved a federal budget plan of 292.5 billion dirhams ($79.6 billion) for the years 2027-2029, with 90.1 billion dirhams allocated for 2027.
  • The three-year budget is 28.3% higher than the previous allocation of 227.1 billion dirhams for 2024-2026.
  • Social development is prioritized, with 34.6 billion dirhams (38.4%) allocated for social services in the 2027 budget, covering education and healthcare.