ABU DHABI / WAM The United Arab Emirates ranked 10th on the list of the world’s most dominant economic and political powers in 2018, according to the US News World Report, where US headed the list, followed by Russia, China, UK, Germany, France and Japan, respectively, with Saudi Arabia coming ninth. According to the report, the world’s most powerful countries ...

ABU DHABI / WAM Government deposits in UAE-based banks hit an all-time-high of AED286 billion by the end of September 2018, up AED74 billion in the first nine months of the year, according to the Central Bank of the UAE statistics. The growth is attributed to rising oil prices, which grew by 35 percent during the past 12 months, reflecting ...

DUBAI / WAM Signifying Dubai’s rising role in global trade, the emirate’s external non-oil trade in the first nine months of 2018 reached AED965.3 billion. Re-exports registered 13 percent growth to touch AED299.2 billion, while imports reached AED592.2 billion, and exports AED97.7 billion. Dubai Customs, which released the emirate’s external trade figures, applauded this achievement and attributed the high performance ...