Abu Dhabi / WAM The value of the UAE’s non-oil trade reached AED658.3 billion in the first half of 2020, accounting for 41 percent of the total value of the country’s trade in 2019, according to figures released by the Federal Competitiveness and Statistics Centre (FCSC) on Saturday. This signals the continued activity of the economic sectors despite the slowdown ...

Abu Dhabi / WAM Abu Dhabi International Airport (AUH) is trialling a new enhanced ‘Smart Travel’ system, developed by Abu Dhabi Airports in partnership with ConvergentAI and powered by Artificial Intelligence (AI) to shorten queues and streamline processes throughout the airport to deliver a smoother and more seamless passenger experience. The new system employs big data, AI, and assessment of ...

DUBAI / WAM Dubai’s real estate sector represents one of the main economic sectors in economic growth, and it actively contributes to the growth of its economy. Over the past years, the emirate has achieved record rates of economic growth driven by the economic initiatives and packages that the Dubai Government is undertaking to raise economic growth and stimulate various ...

Bloomberg Oil declined for a second session as rising Covid-19 cases threatened to derail demand with tougher restrictions in major US cities on the horizon. Futures fell 2.4% in New York on November 13, but still posted the largest weekly gain in a month as optimism from news of a potential Covid-19 vaccine breakthrough jolted markets earlier in the week. ...

ABU DHABI / WAM In line with its commitment to adopt the best digital solutions in government work, the Ministry of Finance (MoF) announced the launch of the ‘MNEs Notification and Reporting System’, in accordance with UAE’s Cabinet Resolution no. 44 of 2020 to organise the reports submitted by the multinational’s companies (MNEs). Younis Haji Al Khoori, Undersecretary of MoF, ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved the plan to resume assessments for the 2020 edition of the Dubai Government Excellence Program (DGEP). The assessments for the program, which were earlier scheduled for February and March 2020, had been postponed due to the ...

ABU DHABI / WAM The UAE leads the way as the strongest and most valuable brand in the Middle East and Africa (Mena) and ranked 18th globally at AED 2.45 trillion ($672 billion), according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy. The ranking places the Emirates at 18th, a rise of two places ...

DUBAI / WAM Noura bint Mohammed Al Kaabi, UAE Minister of Culture and Youth, has visited Dubai Design District, d3, a member of TECOM Group, for a tour of the outdoor installations and exhibitions at Dubai Design Week, the region’s largest cultural event held under the patronage of HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai ...

ABU DHABI / WAM Zaki Nusseibeh, Minister of State, led the United Arab Emirates delegation’s participation in the recently concluded Paris Peace Forum. The event is an annual forum that brings together participants from civil society, government, and the private sector to focus on innovative solutions for tomorrow. The UAE delegation also included Yacoub Yousef Al Hosani, Assistant Minister for ...

The election of Joe Biden as US president has prompted sighs of relief across the world — not least because his White House is expected to be a boon for the international economy. Donald Trump’s erratic behaviour on trade and currencies has weighed on foreign companies and governments while doing little to fulfill his domestic objectives. Even though it’s hard ...