The United Arab Emirates has signed a key agreement with the Food and Agriculture Organisation of the United Nations (FAO) to address the humanitarian crisis in Sudan and prevent the imminent risk of famine. The agreement was signed on behalf of the UAE by Sultan Al Shamsi, Assistant Minister for …
Read More »Gross written premiums increased by 18.5% Y-o-Y in Q1 2024 to AED21.1 billion: CBUAE report
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, …
Read More »UAE takes second place globally in new FDI projects at 1,323 in 2023
The UAE took the second place after the United States in greenfield FDI project announcements in 2023 at 1,323, an increase of 33 percent compared with 2022, according to the World Investment Report 2024, published today by the UN Trade and Development (UNCTAD). In terms of FDI inflows in 2023, …
Read More »Mohammed bin Rashid issues Decree on Board of Dubai Women Establishment
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, …
Read More »NCM forecasts tomorrow’s weather to be fair in general, partly cloudy at times
The National Centre of Meteorology (NCM) forecasts tomorrow’s weather to be fair in general and partly cloudy at times. The weather will be humid by night and Saturday morning over some coastal areas with a probability of fog or mist formation. NCM stated that winds would be light to moderate, …
Read More »UAE Ministry of Finance launches new transformational projects
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 …
Read More »Nahyan bin Mubarak tours Hub71
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 …
Read More »Tokyo stocks end mixed on Thursday
Tokyo stocks ended mixed Thursday with the 225-issue Nikkei Stock Average ended up 62.26 points, or 0.16 percent, from Wednesday at 38,633.02. According to Kyodo News, the broader Topix index finished 3.10 points, or 0.11 percent, lower at 2,725.54. On the top-tier Prime Market, gainers were led by air transportation …
Read More »Abu Dhabi Department of Economic Development calls on licensed economic establishments to comply with relevant controls & conditions when contracting with social media influencers
Abu Dhabi Department of Economic Development (ADDED) has called upon all licensed economic establishments in the Emirate of Abu Dhabi to comply with relevant controls and conditions when contracting with social media influencers In a circular today, the ADDED has appreciated the efforts of all licensed economic establishments in the …
Read More »EURO 2024: Germany 2-0 Hungary
Goals from Jamal Musiala and İlkay Gündoğan ensured Germany became the first team to confirm their place in the knockout stage of UEFA EURO 2024. Germany found it a more difficult evening than their 5-1 victory over Scotlan in Matchday 1, but Julian Nagelsmann’s side had enough about them to …
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