ABU DHABI / WAM The Central Bank of the United Arab Emirates (CBUAE) has issued its 2024 Financial Stability Report, which includes a comprehensive assessment of financial system stability and financial developments across sectors amidst increased global challenges and risks. The report affirmed the robustness of the UAE banking sector, supported by strong capital and liquidity buffers, alongside improved asset ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, conducted an inspection visit to the HQ of the National Centre of Meteorology (NCM). He was received by Dr. Abdulla Al Mandous, Director-General of the Centre and President of the World Meteorological Organisation (WMO), along with several ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) announced it has successfully redesigned and restructured a series of key services, reducing their number by 50%, as part of Phase II of the “Zero Government Bureaucracy” programme. Launched by the UAE government, the programme aims to create a government free of unnecessary complexity, with faster, simpler, and more effective ...

DUBAI / WAM Dubai’s real estate sector continues to strengthen its position as one of the key pillars of the emirate’s economic growth, recording steady performance and results that reflect the market’s resilience and diversity of investment opportunities. According to data from the Dubai Land Department (DLD), the first half of 2025 saw the completion of 24 real estate projects ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has issued a federal decree-law establishing the National Anti-Narcotics Authority and appointed Sheikh Zayed bin Hamad bin Hamdan Al Nahyan as its Chairman. This step aims to strengthen the national ecosystem for combating narcotics, and unify the federal and local effort in this regard, to ensure the ...

ABU DHABI / AD MEDIA OFFICE The Environment Agency – Abu Dhabi (EAD) has been awarded two prestigious accolades at the 2025 Global Good Governance (3G) Awards, making it the first government entity in Abu Dhabi to receive this international recognition. The agency received the 3G Leadership Award in Sustainability Governance and the 3G ESG Championship Award — with both ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the interest rate applicable to ...

ABU DHABI / WAM Borouge Plc, a leading petrochemicals company providing innovative and differentiated polyolefins solutions, today announced a net profit of $193 million for the second quarter of 2025, exceeding market expectations. The results reflect disciplined execution of the planned Borouge 3 turnaround, with the company maintaining strong margins and healthy cash generation on the back of effective cost ...

DUBAI / WAM Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the UAE Cabinet has approved a resolution to reorganise the UAE Gender Balance Council. This step reinforces the UAE’s steadfast commitment to enhancing the participation of all community segments in the nation’s development journey, promoting equal opportunities, and solidifying ...

ABU DHABI / WAM The Creative Media Authority (CMA) has announced the completion of its tenth annual Media Summer Camp, marking a decade of inspiring and equipping the next generation of media professionals in the UAE. First launched in 2016, the initiative is a testament to the belief that developing and nurturing talent from an early age is a key ...