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UAE’s tourism sector continues to boost investments, drive GDP growth

ABU DHABI / WAM The UAE’s tourism sector continues to record remarkable performance in international tourist arrivals and hotel bookings, aligning with the UAE Tourism Strategy 2031, which aims to attract AED100 billion in tourism investments and boost the sector’s contribution to the GDP to AED450 billion by 2031. In 2023, the tourism sector contributed 11.7 percent of the UAE’s ...

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China’s foreign exchange reserves increases 0.98 percent in August

BEIJING / WAM China’s foreign exchange reserves totalled $3.2882 trillion as of the end of August, up by $31.8 billion, or 0.98 percent compared to the end of July, official data showed. Xinhua News Agency quoted the State Administration of Foreign Exchange as saying that China’s foreign exchange reserves have remained stable above $3.2 trillion for nine consecutive months. The ...

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Shanghai launches $1.41b fund to foster future industries

SHANGHAI / WAM The Chinese financial hub of Shanghai announced the establishment of a CN¥10 billion (about $1.41 billion) fund to nurture future industries. Xinhua News Agency quoted the Science and Technology Commission of Shanghai Municipality as saying the fund is fully financed by the Shanghai government and has a term of 15 years that can be extended by an ...

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Korea records 19.9% jump in int’l passengers in Jul-Aug

SEOUL / WAM The Republic of Korea recorded a 19.9 percent year-on-year (YoY) increase in the number of international flight passengers during the summer vacation season, fully recovering to the pre-pandemic level, data showed on Sunday. Offering data compiled by the Korea Airports Corp and the Incheon International Airport Corp, Yonhap News Agency reported that a total of 15.69 million ...

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Dhahi Khalfan recognised as GCC Pioneer Social Work Personality for 2024

DOHA / WAM The Secretariat General of the Gulf Cooperation Council (GCC), honoured Lieutenant General Dhahi Khalfa Tamim, DeputyChief of Police and Public Security in Dubai, as the GCC Pioneer Social Work Personality for 2024, during an award ceremony held in Qatari capital Doha. During the ceremony, which was attended by Jasem Mohamed Al-Budaiwi, Secretary General of the Gulf Cooperation ...

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UAE, Egypt boost economic partnership in key sectors

CAIRO/WAM Abdullah bin Touq Al Marri, Minister of Economy, held bilateral meetings with Lieutenant General Kamel El Wazir, Deputy Prime Minister for Industrial Development and the Minister of Industry and Transport of Egypt, and Dr Rania Al Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation. The discussion aimed to strengthen the economic partnership between the UAE and Egypt ...

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UAE President, VPs congratulate President of North Macedonia on Independence Day

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Gordana Siljanovska-Davkova of the Republic of North Macedonia, on the occasion of her country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...

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UAE President, VPs congratulate Co-Prince of the Principality of Andorra on National Day

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Episcopal Joan-Enric Vives i Sicília, Co-Prince of the Principality of Andorra, on his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin ...

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