Introduction The United Arab Emirates continues to solidify its position as one of the world’s leading investment destinations, relying on a strategic vision centered on economic diversification, innovation, and the adoption of the latest technologies. In recent years, the UAE has become a global hub for startups and a living laboratory for future economic experiments,...
Category: Economy
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DP World kicks off maritime construction at new $1.2 billion port in Senegal
The arrival of the dredger Willem Van Rubroeck in Ndayane this month marks the start of maritime works for the $1.2 billion Port of Ndayane, a project set to transform Senegal into a major centre for global trade.
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CBUAE lowers interest rates by 25 basis points
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.65% to 4.40%, effective from Thursday, 19 December.
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ADNOC L&S adds 20 offshore assets in 2024
ADNOC Logistics & Services Plc (ADNOC L&S) announced today that its Integrated Logistics business segment expanded significantly in 2024, with 20 offshore assets acquired and hire contracts secured for 19 Jack-Up Barge (JUB) deployments.
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UAE wraps up COP16 participation
The UAE concluded its participation in the 16th session of the Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification (UNCCD) by emphasising the importance of strengthening international cooperation to develop practical solutions for halting desertification and addressing drought. The UAE also underlined the importance of the active involvement of all community groups, with a focus on enhancing the role of women in global sustainable land management.
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RTA launches ‘Logisty’ platform for freight transport
Dubai's Roads and Transport Authority (RTA), in collaboration with TruKKer – the region's leading digital freight platform – has launched "Logisty", a Digital Logistics Platform in partnership with the private sector.
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UAE marks 53rd Eid Al Etihad with economic milestones
The UAE’s national economy continues to demonstrate accelerated growth, reinforcing its position as one of the most dynamic and competitive economies both regionally and globally.
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UAE is home to over 1.5 million trade licenses: Bin Touq
The Economic Integration Committee convened its seventh meeting for 2024, chaired by Abdulla bin Touq Al Marri, Minister of Economy.
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UAE, Korea boost cooperation in water management
The Ministry of Energy and Infrastructure (MoEI) and Korea’s Ministry of Environment held the 7th meeting for the Joint Operation Committee for Water Resource Cooperation.
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UAE participates in Arab Ministerial Water Council meeting in Jordan
The Ministry of Energy and Infrastructure took part in the 16th session of the Arab Ministerial Water Council meeting held on Wednesday in the Hashemite Kingdom of Jordan.