ABU DHABI/WAM The Central Bank of the UAE (CBUAE) has signed a Statement of Commitment to the FX Global Code, to be the first central bank in the Arab world to adopt this code, joining a group of central banks and financial institutions worldwide in promoting integrity and best practices in the foreign exchange market. The CBUAE’s signing of the …

HADRAMAUT/WAM The Emirates Red Crescent Authority (ERC) has launched the Ramadan Mir programme to provide food support to underprivileged families in Hadramaut Governorate, in the presence of Hamed Qawaya, Supervisor of ERC Projects in Hadramaut. To support families during Ramadan, the UAE is distributing essential food baskets in Mukalla and providing Iftar meals across Hadramaut through this humanitarian initiative. Hamid …

DUBAI/WAM The UAE’s real GDP posted a significant growth of 3.8% during the first nine months of 2024 compared to the same period in 2023, reaching AED1.322 trillion. This growth was driven by a strong expansion in non-oil sectors, which grew by 4.5% to AED987 billion, reflecting the success of the country’s economic diversification strategy. The contribution of non-oil activities …