The present invention relates to a catalyst for the conversion of oxygenates to olefins, wherein the catalyst comprises one or more zeolites of the MFI, MEL and/or MWW structure type and particles of one or more metal oxides, the one or more zeolites of the MFI, MEL and/or MWW structure type comprising one or more alkaline earth metals selected from the group consisting of Mg, Ca, Sr, Ba and combinations of two or more thereof, wherein the catalyst displays a water uptake of 9.0 wt.-% or less, as well as to a process for the production thereof and to its use, in particular in a process for converting oxygenates to olefins.