June, 2024

• 21 June

  Gross written premiums increased by 18.5% Y-o-Y in Q1 2024 to AED21.1 billion: CBUAE report

  

  ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced that the UAE insurance sector continued to grow in Q1 2024, reflected by the increase in gross written premiums. In its Quarterly Economic Review for June 2024, CBUAE said that the number of licensed insurance companies in the UAE remained at 60, comprising 23 traditional and 10 takaful ...

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• 21 June

  Emirates’ operating initiatives save 48,000 tonnes of fuel, cut emissions by 151,000 tonnes

  

  DUBAI / WAM Emirates embarked on implementing “Green Operating Procedures” (Green Ops) in 2016, taking a multi-pronged approach that looks for opportunities to reduce on-ground and in-flight fuel use, in addition to providing pilots with the necessary education, awareness, data analytics and technology to help them manage their flights as efficiently as possible. In a report released today titled ‘How ...

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• 21 June

  DP World completes $400-million Callao Port expansion project

  

  LIMA / WAM DP World has completed a major $400 million expansion project at the Port of Callao in Peru, boosting container handling capacity at the South Terminal by 80 percent and solidifying Callao’s position as the key gateway for global trade on the west coast of South America. The Bicentennial Pier expansion project extends the pier from 650 meters ...

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• 21 June

  CBUAE projects UAE’s real GDP growth to reach 6.2% in 2025

  

  ABU DHABI/WAM The Central Bank of the United Arab Emirates (CBUAE) expected the country’s strong foreign trade performance to continue in 2024 and 2025, sustaining its projected growth for the UAE’s real GDP in 2024 at 3.9 percent, with expectations for it to further accelerate to 6.2 percent in 2025. In its June 2024 Economic Quarterly Review, the apex bank said that ...

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• 21 June

  Mohammed bin Rashid issues Decree on Board of Emirates International Accreditation Centre

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decree No. (40) of 2024 on the formation of the Board of Directors of the Emirates International Accreditation Centre (EIAC). The Board is chaired by the Director-General of Dubai Municipality, while Dr. Hilal Humaid Saeed Al Kaabi serves as ...

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• 21 June

  RAK Ruler issues resolution restructuring Emirates Cultural and Sports Club Board of Directors

  

  RAS AL KHAIMAH / WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Friday issued a resolution restructuring the Board of Directors of the Emirates Cultural and Sports Club. The resolution stipulates that the Board shall be chaired by Mahmoud Hassan Mohammed Al Shamsi, Engineer Ismail Hassan Al Balooshi as First ...

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• 21 June

  Nahyan bin Mubarak tours Hub71

  

  ABU DHABI/WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has toured Hub71 to explore Abu Dhabi’s global tech ecosystem’s efforts to enhance its startup community further and attract world-class international startups to the UAE capital for expansion into the Middle East region. The visit underscores the UAE’s commitment to promoting innovation and entrepreneurship as key drivers ...

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• 21 June

  Mohammed bin Rashid issues Decree on Board of Dubai Women Establishment

  

  DUBAI/WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, issued Decree No. (39) of 2024 on the formation of the Board of Directors of the Dubai Women Establishment (DWE). The Board is chaired by Mona Ghanem Al Marri, Managing Director of DWE, while Hala Badri, serves as ...

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• 20 June

  UAE Ministry of Finance launches new transformational projects

  

  ABU DHABI/WAM The UAE Ministry of Finance today announced the implementation of transformational projects that support the country’s efforts to transition towards the future and enhance its competitiveness, in line with the ‘We the UAE 2031’ vision and the UAE’s efforts to become the global hub for the new economy over the next ten years. These projects are unique in ...

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• 20 June

  Dubai International Chamber attracts Vietnamese electric vehicle pioneer ‘VinFast’

  

  DUBAI/WAM Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has supported VinFast Trading and Production Joint Stock Company (VinFast), a pioneering manufacturer of electric vehicles, in establishing its regional headquarters in Dubai. The move marks a significant milestone in the Vietnamese company’s global expansion strategy and reflects the chamber’s vital role in contributing ...

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