LOCAL NEWS
UAE A Destination For Promising Investment Opportunities And Sustainable Growth (24 June 2024)
This is evident from the record growth in FDI inflows to the UAE, which increased by 35 percent to reach AED112.6 billion in 2023, according to the World Investment Report 2024 by UN Trade and Development (UNCTAD).



UAE Reaping Fruits Of Visionary Leadership’s Forward-Looking Approach: Al Zeyoudi (21 June 2024)
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE continues to reap the rewards of its visionary leadership’s forward-looking approach through increased global trade and investment openness.



KEZAD Group Signs Lease Agreement With Astha Biotech For AED44m Microalgae Plant In Abu Dhabi (20 June 2024)
The AsthaBiotech facility, which willspread over 38,000 sqm, will capture up to 1,000 metric tonnes of CO2 annually, using carbon from local industries to grow microalgae.



UAE President Receives Eid Al-Adha Congratulations Phone Calls (19 June 2024)
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received several phone calls today exchanging congratulations on the occasion of Eid Al-Adha.



UAE President Issues Federal Decrees Forming UAE Council For Fatwa, Appointing Abdullah Bin Bayyah As Chairman (19 June 2024)
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued two federal decrees forming the UAE Council for Fatwa and appointing Abdullah bin Bayyah as Chairman of the Council with the Grade of Minister.



UAE Leaders Congratulate Custodian Of Two Holy Mosques On Success Of Hajj Season (18 June 2024)
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the occasion of the success of the Hajj season of 1445 AH.



Muslim Council Of Elders Calls For Global Strategy To Combat Hate Speech, Intolerance, Discrimination (18 June 2024)
The Muslim Council of Elders, under the chairmanship of His Eminence Dr. Ahmed Al-Tayeb, the Grand Imam of Al-Azhar, called for the unification of international efforts to formulate a global strategy to counter all forms of hate speech, intolerance, extremism, and discrimination.



Transactions Through Instant Payment System Hit AED164.7 Billion In 2023: CBUAE (14 June 2024)
The Central Bank of the UAE (CBUAE) has said that its payment systems maintained operational strength in 2023.



UAE’s Banking Sector Liquid Assets Stand At AED786.6 Billion In Q1-24 (14 June 2024)
The liquid assets in the UAE banking sector stood at AED786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2%, or AED172.8 billion, compared to approximately AED613.8 billion at the end of Q12023.



Broaden Energy Invests AED 1 Billion To Establish Hydrogen Equipment Manufacturing Complex In Abu Dhabi (14 June 2024)
The new manufacturing complex, with over AED 1 billion in investments, will serve as a cornerstone for the region’s hydrogen economy, creating new job opportunities and stimulating economic development and innovative industrial solutions.



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