News

Oxford Economics predicts 4.4% GDP Growth for UAE in 2024

ABU DHABI / WAM Oxford Economics, an independent economic advisory firm, has predicted that the UAE economy will grow by 4.4% in 2024. This growth is being driven by a number of factors, including government initiatives to support economic diversification. In his statement to the Emirates News Agency (WAM), Scott Livermore, Chief Economist, Oxford Economics Middle East, and Managing Director, ...

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COP28 Presidency unveils steps supporting women’s leadership in climate diplomacy

ABU DHABI / WAM The COP28 Presidency has announced measures to support the representation and participation of women at the UN Climate Change Conference COP28 in th UAE. The measures include financial assistance to encourage stronger attendance of women delegates, technical training sessions, and support for an international conference. “Historically, the perspectives and leadership of women have been underrepresented in ...

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Abdullah bin Zayed, Antony Blinken discuss latest regional developments

ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and US Secretary of State Antony J. Blinken discussed, during a telephone conversation, the latest developments in the region, and the ongoing escalation between Israelis and Palestinians. During the call, H.H. Sheikh Abdullah stressed the importance of exercising the utmost restraint, noting that Gaza’s escalation forebodes dire ...

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UAE President and French President discuss bilateral ties and regional developments

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan spoke by telephone on Sunday to French President Emmanuel Macron to discuss bilateral relations and opportunities for further collaboration to advance the development ambitions of both countries. The two leaders also discussed the latest regional developments and stated their shared belief in the importance of dialogue and communication to bring ...

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Dubai maintains top global ranking for attracting Greenfield FDI projects in H1 2023

DUBAI/WAM Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 Greenfield projects in H1 2023, as per Financial Times ‘fDi Markets’ data – the comprehensive online database on cross-border greenfield investments. Dubai continues to set new benchmarks in global performance as an investment destination, surpassing second-placed Singapore by 325 projects. ...

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DEWA’s stand at COP28 highlights its globally leading projects in sustainability

DUBAI/WAM Dubai Electricity and Water Authority (DEWA)’s stand at the United Nations Framework Convention on Climate Change (COP28), which will be hosted by the UAE at Expo City Dubai, will showcase its most prominent and globally leading projects and those of its subsidiaries. The stand will be located in the Green Zone, and will highlight DEWA’s efforts in energy, water, ...

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Minister of Industry & Advanced Technology inaugurates ‘Standard Turf’ factory and visits ‘Rabdan’ vehicle facility

ABU DHABI/WAM Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, inaugurated Standard Carpets Industries’ new factory ‘Standard Turf at Dubai Industrial City, a member of TECOM Group PJSC and one of the largest industrial ecosystems in the region.’ Standard Carpets is one of the world’s largest producers and exporters of carpets, rugs, and artificial grass. As ...

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