Local News

UAE Cabinet approves 2,160 new housing decisions for citizens at AED 1.68 bn, launches the ‘Manzili’ bundle for Zayed Housing Program beneficiaries

DUBAI/WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a new housing approval package for citizens valued at AED 1.682 billion. The package includes 2,160 decisions for beneficiaries of housing assistance in June 2024 under the Sheikh Zayed Housing Program. The Cabinet ...

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World Bank predicts UAE’s real GDP will rise to 4.1% in 2025

WASHINGTON/WAM The UAE’s real GDP is projected to grow by 3.9 percent in 2024 and expand to 4.1 percent in 2025, according to the World Bank’s latest Global Economic Prospects report. In April 2024, the World Bank raised its forecast for real GDP growth in the UAE to 3.9 percent in 2024, compared to its January forecast of 3.7 percent. ...

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UAE continues to demonstrate growth in its non-oil sectors: OPEC

VIENNA/WAM The latest data from the Organisation of the Petroleum Exporting Countries (OPEC) shows that the UAE continued to demonstrate growth in its non-oil sectors, registering a 6.7 percent expansion, y-o-y, in 4Q23, up from 5.8 percent in 3Q23. In its Monthly Oil Market Report (MOMR) for June 2024, OPEC says that the construction growth accelerated to 8.4percent in 4Q23 ...

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Nahyan bin Zayed attends graduation ceremony of 11th National Defence Course

ABU DHABI/WAM H.H. Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Charitable and Humanitarian Foundation, attended on Tuesday the graduation ceremony of the 11th National Defence Course cohort, and the fifth War Course of the War College at the Joint Command and Staff College. H.H. Sheikh Nahyan bin Zayed congratulated the graduates of ...

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Khaled bin Mohamed bin Zayed chairs Emirates Genome Council meeting, approves framework for advancing personalised and preventive medicine

ABU DHABI/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has chaired the meeting of the Emirates Genome Council. During the meeting, the board reviewed the progress of strategic initiatives, including the completion of the ground-breaking Emirati Reference Genome Study, which has revealed more than five million novel gene variants. The results of the ...

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UAE President receives Azerbaijani Minister of Internal Affairs

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday received His Excellency Vilayat Eyvazov, Minister of Internal Affairs of the Republic of Azerbaijan, at Qasr Al Bahr in Abu Dhabi. During the meeting, His Excellency Vilayat Eyvazov conveyed the greetings of His Excellency Ilham Aliyev, President of Azerbaijan, along with his wishes for continued prosperity ...

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UAE reaffirms its commitment to supporting international efforts to reduce carbon emissions in aviation sector

DUBAI/WAM In the path of achieving net-zero carbon emissions by 2050, sustainable aviation fuel and alternative fuels have risen to prominence as central topics in discussions, meetings, and international conferences concerning the future of the aviation industry. Recognised as key solutions for reducing carbon emissions in the sector, it has garnered significant attention and debate. The 80th Annual General Meeting ...

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Abu Dhabi Department of Finance hosts 2025 Budget Cycle event

ABU DHABI/WAM The Department of Finance – Abu Dhabi organised the 2025 Budget Cycle event, expanding on its crucial position in creating an innovative financial ecosystem that fosters economic stability and prosperity within society. The event attracted noteworthy participation, with over 450 representing more than 60 government entities throughout the emirate, including Undersecretaries, Director Generals, and senior representatives. During the ...

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Bayanat, IMKAN to develop smart mobility infrastructure project on ‘SHA Island Emirates’

ABU DHABI/WAM Bayanat and IMKAN Properties today signed a Memorandum of Understanding for the development of a smart mobility infrastructure project on SHA Island Emirates at AlJurf. The project will feature an integrated and AI-enabled transportation ecosystem that allows for fully autonomous driving on the world’s first healthy living island. Located in AlJurf, approximately halfway between Abu Dhabi and Dubai, ...

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General Budget Committee discusses draft general budget for fiscal year 2025

ABU DHABI/WAM In the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, and H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, the General Budget Committee held its 11th meeting to discuss the draft general ...

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