Tag: Economy

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.

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.

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.

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.

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.

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.

The Economic Integration Committee convened its seventh meeting for 2024, chaired by Abdulla bin Touq Al Marri, Minister of Economy.

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.

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.

Dubai Chambers and Standard Chartered signed a Memorandum of Understanding to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets.