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ABU DHABI/ WAM The Central Bank of the United Arab Emirates (CBUAE) expects the country’s Gross Domestic Product (GDP) to grow by 4.2 percent in 2024, rising to 5.2 percent in 2025, while maintaining its estimate for a 3.1 percent growth in 2023. In its quarterly economic review report for the fourth quarter (Q4) of 2023, the Central Bank also ...

AL ARISH/ WAM The United Arab Emirates has provided aid packages tailored for children and women in Gaza as part of the UAE’s continued humanitarian support for the Palestinian people through “Operation Chivalrous Knight 3”. Hamoud Abdullah Al Junaibi, Secretary-General of the Emirates Red Crescent (ERC), highlighted ongoing efforts within “Operation Chivalrous Knight 3” to prepare aid packages specifically for ...

ABU DHABI/ WAM The Statistics Centre – Abu Dhabi (SCAD) has issued preliminary statistical estimates of the Gross Domestic Product (GDP), revealing a strong performance of the non-oil economy, which recorded a remarkable growth of 9.1 percent, and 3.1 percent growth of Abu Dhabi’s real GDP during 2023 compared to 2022. The results demonstrate the economy’s ability to expand amidst ...

ABU DHABI / AD MEDIA OFFICE The Department of Community Development – Abu Dhabi (DCD) has revealed significant achievements of volunteer efforts in 2023. A total of 873,787 hours general volunteer work was recorded, reflecting a 63 percent increase from the previous year, delivered through 1,185 volunteer opportunities. This feat translated into a value of AED 62,912,000 of volunteer work ...

ABU DHABI / WAM Etihad Airways touched down for the first time in Boston, marking the launch of regular services between Abu Dhabi and the US city, strengthening ties and enriching travel options for passengers. The inaugural flight, EY147, was celebrated at Abu Dhabi Airport before take-off, and on arrival in Massachusetts, Etihad’s captains waved UAE and US flags from ...

TOKYO / WAM The UAE secured 44.1 percent, namely 31.3 million barrels, of Japan’s crude oil needs in February 2024, according to the Agency for Natural Resources and Energy in Tokyo. The agency, part of the Japanese Ministry of Economy, Trade and Industry, stated that the amount of crude that Japan imported during that month amounted to around 71 million ...

ABU DHABI / WAM The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in the gross written premiums. As of year-end, the number of licenced insurance companies in the UAE remained at 60, the CBUAE announced in its quarterly economic report Q4, 2023. The insurance sector comprised 23 traditional national companies, 10 Takaful national ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call on Monday from His Majesty King Abdullah II bin Al Hussein of the Hashemite Kingdom of Jordan. During the call, the two leaders discussed the close ties and various aspects of cooperation and collaboration between the UAE and Jordan, all aimed at ...

ABU DHABI / WAM As part of the Ghars Al Emarat (UAE Planting) initiative to plant 10 mangroves for each visitor to COP28 from November 30 to December 12, 2023, at Expo City Dubai, the Environment Agency – Abu Dhabi (EAD) announced that it has planted 850,000 mangrove trees along Abu Dhabi’s coastal areas. The mangrove trees were planted in ...

ABU DHABI / WAM AD Ports Group, a leading facilitator of global trade, logistics, and industry, has issued its 2023 Annual Report. The report highlights significant achievements for the group that expanded its international footprint significantly in 2023, particularly following the integration of Noatum, a global logistics platform with a presence in 27 countries and a leader in automotive logistics ...