NEW YORK, 30th September, 2024 (WAM) — This week, the COP28 Presidency attended the 79th session of the United Nations General Assembly, and New York Climate Week, to mobilise global leaders to deliver on the mandate of the UAE Consensus as a framework for keeping 1.5°C within reach. Dr. Sultan Al Jaber, Minister of Industry […]
BEIJING, 21st September, 2024 (WAM) — Total assets of China’s financial institutions rose to CN¥480.64 trillion (about US$68.03 trillion) as of the end of June this year, according to data released by the country’s central bank on Friday. In a statement carried by Xinhua News Agency, the People’s Bank of China said the figure represented […]
ABU DHABI, 20th September, 2024 (WAM) — Scott Livermore, ICAEW Economic Advisor and Chief Economist and Managing Director of Oxford Economics Middle East, projected that the UAE economy will expand to 4.8 percent in 2025. In a statement to the Emirates News Agency (WAM), Livermore attributed the expansion of the non-oil economy, which is expected […]
BEIJING, 11th September, 2024 (WAM) — China’s production and sales of new energy vehicles (NEVs) continued to maintain fast growth in the first eight months of this year, with the NEV market share steadily increasing in the domestic market, Xinhua News Agency reported, citing official data. From January to August, the production of NEVs reached […]
ABU DHABI, 9th September, 2024 (WAM) — ADNOC announced another important milestone in its ambitious chemicals growth strategy last week with the agreement to acquire a 35 percent equity stake in ExxonMobil’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas, US. ADNOC’s chemicals growth strategy aims to build a world-leading chemicals platform to […]
SHARJAH, 9th September, 2024 (WAM) — The Sharjah-based Crescent Petroleum has successfully deployed an Oil & Gas industry-specific solution for its operations from global technology company SAP. The implementation is an extension of Crescent Petroleum’s solutions roadmap, which commenced in 2020 with Phase 1 implementation, representing the first global implementation of SAP S/4HANA Oil & […]
ABU DHABI, 8th September, 2024 (WAM) — The UAE’s tourism sector continues to record remarkable performance in international tourist arrivals and hotel bookings, aligning with the UAE Tourism Strategy 2031, which aims to attract AED100 billion in tourism investments and boost the sector’s contribution to the GDP to AED450 billion by 2031. In 2023, the […]
SHARJAH, 4th September, 2024 (WAM) – The International Government Communication Forum (IGCF 2024) kicked off on Wednesday (4th September) with a thought-provoking discussion on a key global trend – the growing and untapped potential of the Silver Economy at the IGCF’s Gov. Talks platform. In the session titled ‘How does ageing become the essence of […]
ABU DHABI, 2nd September, 2024 (WAM) — Borouge Plc, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, confirmed shareholder approval by its General Assembly Meeting (GAM) on 30th August of its half-year 2024 interim cash dividend of $650 million, or 7.94 fils per share, representing an annualised dividend yield of 6.3%. At […]
WASHINGTON, 29th August, 2024 (WAM) — The U.S. economy grew at a healthy 3 percent annual pace in the second quarter of 2024, fuelled by strong consumer spending and business investment, the Associated Press quoted the government as saying on Thursday in an upgrade of its initial assessment. The Commerce Department had previously estimated that […]
ABU DHABI, 28th August, 2024 (WAM) — Maqsoud Kruse, Chairperson of the National Human Rights Institution (NHRI), affirmed that the incredible contributions of Emirati women to the nation’s advancement are a beacon of inspiration. In a statement marking Emirati Women’s Day, he expressed the NHRI’s pride in the UAE leadership’s vision to empower women, enhance […]
ABU DHABI, 25th August, 2024 (WAM) — His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirmed that the UAE under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, continues to achieve unprecedented milestones in its non-oil foreign trade. His Highness Sheikh Mohammed bin […]
