- ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) on Friday issued its Financial Stability Report for 2022....
The report discusses global, local macroeconomic conditions, domestic asset markets and provides a detailed assessment of the UAE banking system.
The report also contains an analysis of other important developments across the UAE financial sector such as digitalization and sustainability.
- UNITED NATIONS - The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into...
The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the UN said.
Because of these shocks, the United Nations has called for a pause in debt repayments for developing countries.
- Beijing, China - China's trade in goods with nations along the Belt and Road Initiative in the first half of...
Trade in goods with countries along the Belt and Road accounted for 34.3 percent of China's total import and export value of $2,8 trillion
The Belt and Road Initiative (BRI) is a global infrastructure development strategy adopted by the Chinese government in 2013
- Dubai, UAE--The UAE and Mozambique have signed a memorandum of understanding (MoU) in the field of workforce to improve the...
The UAE minister said the MoU establishes an institutional partnership between the two ministries to maximize mutual benefits
He said the UAE government is keen to build partnerships around the world, which, he feels, builds trust in the country's labor market
- Dubai, UAE-- Officials from Dubai Customs and Japan's consulate have discussed ways to boost trade cooperation between the two countries...
The officials noted how collaboration with Dubai was enabling Japan's traders and investors to expand their businesses in Dubai
The consulate officials conveyed their appreciation for Dubai Customs' role in combating drug smuggling across borders
- Doha, Qatar - Qatar Tourism said on Thursday that the country received more than two million visitors during the first...
Saudi Arabia remain the top source market for international visitors this year, contributing to nearly a quarter of all arrivals
May and June registered the highest figure - 567 thousand - ever recorded for these two months in the last ten years
- Abu Dhabi, UAE-- The Crown Prince of Abu Dhabi and chairman of the Abu Dhabi Executive Council Sheikh Khaled bin...
The crown prince stressed the need for investing in early education and how it is integral to building a "future-ready generation"
In the meeting he noted the importance of achieving a fully integrated and sustainable roadmap, involving all stakeholders
- Abu Dhabi, UAE - The United Arab Emirates and France reviewed the prospects of growing bilateral trade exchanges and advancing...
Two sides discussed investment exchanges in innovative startups, circular economy, tourism, technology, family businesses, renewable energy and agriculture
The prospects of accelerating the existing partnership and economic cooperation between the two countries also featured high during the meeting
- The two countries resolved to finalize a deal over Ethiopia's big dam on the Blue Nile in four months, a...
The two leaders, according to a joint statement, "discussed ways of overcoming the current stalemate in negotiations"
Egypt sees the dam as an existential threat as it depends on the Nile for 97 percent of its water requirements
- Vienna, Austria - OPEC Thursday predicted world oil demand to grow by a healthy 2.2 mb/d, to 104.25 mb/d in...
In its Monthly Oil Market Report, the OPEC said the World GDP growth in 2024 is forecast at 2.5 percent, slightly below this year’s expected growth level of 2.6 percent
The world economic growth in 2023 is to remain broadly unchanged at 2.6 percent, with the initial forecast for 2024 economic growth expected at 2.5 percent





















