Strong economy, HNWIs help GCC luxury market thrive

• GCC economies witness significant growth driven by robust oil production and exports
• Increased affluence in the region fuels a continuous rise in luxury product spending

Strong economy, HNWIs help GCC luxury market thrive

Strong fraud detection boosts security of UAE banks

• The UAE's focus on digital transformation and innovation enhances fraud detection and control capabilities, says Jamal Saleh, Director General of UAE Banks Federation
• Tasharuk platform plays a crucial role in detecting cyber risks while continued investment in technology and collaboration strengthens UAE's banking system, he adds

Sheikh Khalifa: A legacy of progress and empowerment

• Under Sheikh Khalifa's leadership, the UAE fortified its prominent stature and assumed a leading regional and global role by fostering deep-rooted relations with numerous countries
• To secure prosperous future, Sheikh Khalifa initiated an era of empowerment by implementing long-term national strategies, initiatives, and plans including the Principles of the 50

France-UAE ties get robust as non-oil trade soars

• Non-oil trade between France and the UAE rose to €7.318 billion in 2022, representing a 21% increase from the previous year
• The surge in trade signifies a significant 16.8 percent growth in bilateral economic relations between the two countries

Technology helps accelerate industrial decarbonization

• Digitalization plays a key role in making existing industries more sustainable, driving low-carbon production and decarbonization throughout value chains
• R&D is vital for advancing technologies in green industries, with the UAE committed to increasing spending to further develop and deploy green innovations

Saudi Arabia leads Arab world in gold reserves

• The Kingdom holds 323.1 tons of gold, accounting for 21.4% of the total yellow metal held by central banks in the Arab countries. Qatar, UAE and Kuwait are also regional leaders
• Saudi Arabia and Oman have the majority of the natural gold mines in the GCC region. Saudi gold ore production, meanwhile, stood at around 430,000 ounces in 2022

Businesses help strengthen UAE-Iran economic ties

• The UAE-Iran economic relations have experienced significant development and continued growth in various fields, says Abdullah Mohammed Al Mazrouei, a key UAE official
• The economic cooperation has contributed to increasing joint trade and investment exchange, adds the Chairman of the Federation of UAE Chambers of Commerce and Industry

GCC ministers review Sudan’s healthcare, relief bid

• Gulf health ministers discuss ways to upgrade healthcare systems in the region and relief work in Sudan, seeking to enhance and unify efforts since the outbreak of the crisis
• Since April 15, at least 700 people have been killed in the conflict, and thousands more have been wounded and displaced internally or across the border to neighboring countries

UAE astronaut, others relocate SpaceX Dragon on ISS

• The relocation of the spacecraft was supported by the Mission Control Centre at NASA’s Johnson Space Centre in Houston, SpaceX in California, and monitored by the MBRSC team
• The successful completion of the important mission marks a new accomplishment for Expedition 69 and advances scientific endeavors on the space station