- ABU DHABI, UAE – Emirates Development Bank (EDB) has unveiled its 2023 results, showcasing an extraordinary year of achievements and strategic milestones. EDB revealed a significant 80 percent surge in its contribution to the UAE’s industrial GDP, which has grown from US$653 million (AED2.4 billion) in 2022 to US$1.1 billion...
AI to contribute in enhancing low-emissions development
BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on Artificial Intelligence for Climate Action (#AI4ClimateAction) explores the role of AI as a powerful tool for advancing and scaling up transformative climate action in developing countries. In line with the...UAE president meets with Arab and EU leaders in Italy
The president met with a string of leaders from the Arab world and the European Union and discussed ways to deepen partnerships with these countries. During the meetings, Sheikh Mohamed explored ways with the leaders to support and develop these relations for the benefit of the people of all countries...UAE plays an active role in shaping better future for societies, says minister
NEW DELHI, INDIA – The UAE is committed to playing an active role in global efforts to shape a better future for societies and people through creating jobs, Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratization said. He said the UAE is also committed to enhancing human resources’...UAE marks 47 years of unification of Armed Forces
The ongoing overall technological developments drive the UAE Armed Forces to increase their efforts to modernize in order to address current regional and global challenges.Norway contributes US$23.7m of flexible funding to FAO
ROME, ITALY - The Food and Agriculture Organization of the United Nations (FAO) has welcomed a US$23.7 million contribution from the Norwegian government to scale up its response to humanitarian crises and emergencies. The contribution represents the largest single un-earmarked funding of its kind to date. The funds will be...‘Carbon credits need more supply, integrity to meet global demand’
RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if participants address issues over limited supply and integrity, the Secretary General of the International Energy Forum (IEF) told a conference. Trade in voluntary carbon credits could grow 100-fold by 2050...Sports sector contributes US$2.45bn to Dubai economy
The sports sector has contributed some $2.45 billion to the Dubai economy in 2021, representing 2.3 percent of the emirate's annual gross domestic product. According to the Dubai Sports Council 105,000 jobs will be created in the sector, which will account for 3.8 percent of total employment in Dubai.UNHCR, UNICEF hail Korea’s aid for refugee rehab programs in Iran
South Korea's $2.5 million aid for programs supporting Afghan refugees in Iran has been hailed by the UN High Commissioner for Refugees and UNICEF. Iranian media reports said that South Korea's Ambassador to Iran Yun Kahghyeon on Tuesday signed an agreement of cooperation with the two UN agencies in the...Kuwait stresses commitment to UN financial contributions
Kuwait has also urged other members to follow suit so that the UN can do its tasks properly.Kuwait Fund’s $3.6bn development works earns it gratitude of Egyptian PM
Noting the wide contributions of the Kuwait Fund for Arab Economic Development (KFAED) to his country, the Prime Minister of Egypt, Mustafa Madbouli, has said that the Kuwait Fund was financing $3.6 billion worth of projects.












