VIENNA/WAM The Organization of the Petroleum Exporting Countries (OPEC) affirmed that the UAE’s non-oil economy continued to exhibit a healthy growth dynamic, with the most recent data and economic indicators highlighting a robust expansion. In its Monthly Oil Market Report issued on Monday, OPEC noted that the UAE is pushing ahead with initiatives to diversify the economy, with initiatives such …

ABU DHABI/WAM The Abu Dhabi Exports Office (ADEX) has signed a $235 million (AED863 million) syndicated loan agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and Commercial Bank of Dubai (CBD) to support Trafigura, a market leader in the global commodities industry, to acquire commodities originating from the UAE. The agreement, which comes as a strategic move to empower UAE …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday welcomed His Excellency Hristijan Mickoski, Prime Minister of the Republic of North Macedonia, who is on a working visit to the UAE. During their meeting at Qasr Al Shati in Abu Dhabi, His Highness welcomed the Prime Minister’s visit, expressing hope that it would contribute to …