News

VIENNA / WAM The Organisation of the Petroleum Exporting Countries (Opec) has confirmed that the UAE’s economy grew by 3.8 percent in the first quarter of 2023. In its September 2023 report, OPEC said it expects the UAE’s economic expansion to continue, noting that key sectors of the country’s economy have seen significant growth. The OPEC report highlighted that the ...

ABU DHABI / WAM Standard & Poor’s (S&P) Global Ratings expects that the banks of the United Arab Emirates (UAE) will achieve strong performance in 2023. In a recent report, the credit rating agency said that UAE banks will benefit from strong non-oil GDP growth, which will mitigate the impact of rising interest rates on credit growth. The report expects ...

GENEVA / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led a UAE delegation to the World Trade Organisation’s Public Forum in Geneva, Switzerland, which is being held under the theme “It’s Time for Action”. This year’s forum is exploring how the WTO, and the wider trading community, can help create a greener and ...

ABU DHABI / WAM The Zayed Sustainability Prize, the UAE’s pioneering global sustainability and humanitarian award, has announced this year’s finalists following a deliberation by its esteemed Jury. The winners will be announced at the Zayed Sustainability Prize Awards Ceremony on December 1 during the 28th Conference of the Parties (COP28) of the UN Framework Convention on Climate Change, to ...

HONG KONG / WAM An official UAE delegation, led by Abdullah bin Touq Al Marri, Minister of Economy, will arrive in Hong Kong this week to participate in the 8th Belt and Road Summit. The visit is aimed at promoting economic and business cooperation at public and private sectors levels and establishing business and development partnerships in sectors of new ...

    PARIS / WAM Within his participation in the Unesco Digital Learning Week 2023, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications and Chairman of the Digital School Board, stated that the UAE, led by President His Highness Sheikh Mohamed bin Zayed Al Nahyan adopts a future-oriented vision for shaping ...

ABU DHABI / WAM Under the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), has directed the ERC to provide urgent humanitarian assistance to those affected by the floods in Libya. The ERC has already ...

ABU DHABI / WAM The National Library and Archives (NLA), in collaboration with the Emirates Literature Foundation, announced the launch of the Knowledge Circle programme. The programme is an engaging series of cultural events held monthly from September 2023 to March 2024 and will address crucial topics related to archives that lead the development of literature and the cultural sector. ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), announced that the pumped-storage hydroelectric power plant site Dewa is building in Hatta, with a planned production capacity of 250 megawatts (MW), a storage capacity of 1,500 megawatt-hours, and a life span of up to 80 years, is 74% complete. This came during ...

ABU DHABI / WAM The Ministry of Foreign Affairs signed a protocol amending a memorandum of understanding to waive pre-entry visas between the UAE and Armenia for stays of up to 90 days, facilitating the movement of citizens of the two countries. Under the protocol, the amendment added special, official and ordinary passports for both countries, provided that the protocol ...