• UAE banking sector is resilient, says CBUAE in its report

    ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) on Friday issued its Financial Stability Report for 2022. The report provides a comprehensive assessment of the stability of the UAE financial system, which remained resilient throughout 2022 despite global headwinds and the banking sector being well capitalized with...
  • US default would have serious repercussions, says IMF

    The International Monetary Fund warned of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit. Republicans and Democrats remain sharply divided over the debt ceiling. Republicans in Congress insist that President Joe Biden's administration agree...
  • ‘Rich nations must achieve net zero carbon by 2040’

    UN Secretary General Antonio Guterres called on wealthy countries to move up their goals of achieving carbon neutrality as close as possible to 2040 in order to "defuse the climate time bomb." He made the remark while introducing a capstone report by the Intergovernmental Panel on Climate Change on the...
  • UAE, Jordan ink pact to standardize specifications

    The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a Memorandum of Understanding (MoU) with the Jordan Standards and Metrology Organization (JSMO) to strengthen ties around standards, regulations, conformity assessment, specifications and national hallmarks.
  • UAE offers low-risk business climate

    Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.
  • Environment Agency says 60 sq km of UAE’s marine critical habitats protected

    Environmental assessment and permitting operations carried out by the Environment Agency – Abu Dhabi (EAD) in 2021 reveal that 60 square kilometers of marine critical habitats and 850,000 meters square of terrestrial critical habitats have been protected. This is in addition to a reduction of more than 2800 cubic meters...