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 ...