Gross written premiums increased by 18.5% Y-o-Y in Q1 2024 to AED21.1 billion: CBUAE report
The Central Bank of the UAE (CBUAE) announced that the UAE insurance sector continued to grow in Q1 2024, reflected by the increase in gross written premiums. In its Quarterly Economic Review for June 2024, CBUAE said that the number of licensed insurance companies in the UAE remained at 60, comprising 23 traditional and 10 […]
Emirates’ operating initiatives save 48,000 tonnes of fuel, cut emissions by 151,000 tonnes
Emirates embarked on implementing “Green Operating Procedures” (Green Ops) in 2016, taking a multi-pronged approach that looks for opportunities to reduce on-ground and in-flight fuel use, in addition to providing pilots with the necessary education, awareness, data analytics and technology to help them manage their flights as efficiently as possible. In a report released today […]
DP World completes $400-million Callao Port expansion project
DP World has completed a major US$400 million expansion project at the Port of Callao in Peru, boosting container handling capacity at the South Terminal by 80 per cent and solidifying Callao’s position as the key gateway for global trade on the west coast of South America. The Bicentennial Pier expansion project extends the pier […]
CBUAE projects UAE’s real GDP growth to reach 6.2% in 2025
The Central Bank of the United Arab Emirates (CBUAE) expected the country’s strong foreign trade performance to continue in 2024 and 2025, sustaining its projected growth for the UAE’s real GDP in 2024 at 3.9 per cent, with expectations for it to further accelerate to 6.2 per cent in 2025. In its June 2024 Economic […]
Under the patronage of Khaled bin Mohamed bin Zayed, 3rd Abu Dhabi Finance Week to take place in December
Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, Abu Dhabi Finance Week (ADFW), the flagship financial event of the MEASA region hosted by Abu Dhabi Global Market (ADGM), will take place for its third edition from December […]
UAE President orders release of 1,138 inmates ahead of Eid Al-Adha
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today ordered the release of 1,138 inmates from correctional institutions on the occasion of Eid Al-Adha. His Highness also pledged to cover all fines imposed on the inmates, who had been sentenced for a variety of offences. His Highness Sheikh Mohamed bin Zayed regularly orders […]
Under the directives of the UAE President, Crown Prince of Abu Dhabi approves disbursement of second package of housing benefits in 2024 to Abu Dhabi citizens
Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the disbursement of the second housing […]
UAE leaders offer condolences to Emir of Kuwait over victims of Mangaf fire
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah expressing his sincere condolences and sympathy over victims of the fire outbreak in the Mangaf area and wishing a speedy recovery for the injured. His Highness Sheikh Mohammed bin Rashid Al […]
Abdullah bin Zayed visits Albertina Museum in Vienna
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, visited the Albertina Museum in Vienna today as part of his working visit to the Republic of Austria. The UAE Top Diplomat was accompanied during the visit by Alexander Schallenberg, Minister of Foreign Affairs of Austria, in the presence of Assistant Foreign Minister for […]
Sheikh Tahnoun meets Jake Sullivan and Barack Obama in Washington
Sheikh Tahnoun bin Zayed, National Security Adviser, has met his US equivalent Jake Sullivan and former US president Barack Obama in Washington. In a post on X, Sheikh Tahnoun, who is also Deputy Ruler of Abu Dhabi, said the two men “discussed the strategic relations between the UAE and the US and exchanged insights on issues of mutual interest”. […]