Saudi Arabia’s gross domestic product (GDP) has exceeded the ceiling of SAR 4.155 trillion ($1 trillion) for the first time, with the Kingdom joining the trillion-dollar club and achieving the national goal well ahead of the target date of 2025, according to a new report issued by the Federation of Saudi Chambers on the Kingdom’s 93rd National Day.
Author: UAEPress_Admin
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50 Seminars At Sustainability Platform Of ADIHEX 2023
The sustainability platform at the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) 2023 provides an optimal venue for official authorities, local and international companies, social institutions, and community groups to convene with researchers, experts, and students. This platform facilitates the exchange of knowledge, cooperation, and the formation of significant partnerships to achieve sustainability goals.
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Young Arab Media Leaders Programme addresses environmental journalism, climate change, sustainability
Under the patronage of H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan. Chairman of the Arab Youth Center, the activities of the second week of the fifth edition of the Young Arab Media Leaders Programme are continuing, with the participation of 51 young men and women from 18 Arab countries.
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Alef Group Commences Construction Of Hayyan Project In Sharjah
Alef Group, the preeminent real estate and retail development company in the Emirate of Sharjah, has announced the initiation of construction for its ambitious project, Hayyan Development, which aims to redefine the concept of natural living in Sharjah.
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ADIB Successfully Completes Redemption Of Its $750 Million US Dollar Denominated Tier-One Perpetual Sukuk Issued In 2018
Abu Dhabi Islamic Bank (ADIB), a prominent financial institution, has announced the successful completion of the planned redemption of its USD 750 million additional tier-one (AT1) perpetual sukuk on the first call date, September 20, 2023.
These sukuk were initially issued on September 20, 2018, with a profit rate of 7.125 percent. They have now been fully redeemed at the trustee call amount, which is equal to the prevailing face amount of the certificates plus any outstanding payments as of September 20, 2023. Following the redemption, the trading of the certificates on the regulated market of the Irish Stock Exchange has been cancelled.
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Abdullah bin Zayed meets with UN Secretary-General in New York
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with António Guterres, Secretary-General of the United Nations (UN), on the sidelines of the 78th Session of the UN General Assembly in New York.
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UAE Oncology Conference 2023: Global Experts Convene to Advance Cancer Care
The fourth annual conference of the Emirates Oncology Society commenced yesterday in Dubai under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence.
Organised by the association with the support of the Emirates Medical Association and the Gulf Oncology Society, the event spans two days and has drawn more than 1,400 specialists in the field of oncology and related disciplines.
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DUBAI UNDERWATER MOSQUE
The announcement of the landmark project took place during a press conference at the headquarters of the Department, which was attended by distinguished officials, including Dr Hamad Al Sheikh Ahmed Al Shaibani, Director General of the Islamic Affairs and Charitable Activities Department in Dubai, and other prominent figures from various departments.
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UAE-Saudi trade reaches AED 586.75 billion in 5 years
The trade volume between the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia experienced a significant increase of 28 percent in 2022, reaching a total of AED 137.51 billion. This figure surpasses the previous year's trade volume of AED 107.41 billion in 2018. Consequently, the cumulative non-oil trade between the two nations over the span of five years amounts to AED 586.75 billion.
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UAE, Armenia sign 4 MoUs during joint business forum in Yerevan
Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) and Chairman of Abu Dhabi Chamber of Commerce and Industry, and Vahan Kerobyan, Armenia's Minister of Economy, have inaugurated the UAE-Armenia Business Forum in the Armenian capital, Yerevan.