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Israeli Drone Strike Targets Town of Kfartibnit
Hostile Artillery Targets Baraachit Nature Reserve in Bint Jbeil
India manages to reduce railway accidents by 70% in 10 years: Minister
DUBAI: The sixth edition of Future Food Forum 2024 was opened today by Abdullah bin Touq Al Marri, Minister of Economy, underlining the UAE’s pivotal role in the regional food sector and the Food Cluster Strategy in enhancing food security and sustain…
Egyptian Cabinet approves new investments in Flax Production, Potassium Sulfate Plant
The Egyptian Cabinet has greenlit a proposal to establish a private free zone named Kingdom for Flax, with an estimated investment of $60 million.
This project, situated in the Developers Zone of Sadat City in the Monufia Governorate, will focus on f…
CBE: Egypt’s Real GDP Grows 2.4% in 9 Months
Egypt’s real gross domestic product (GDP) grew 2.4 per cent during the period from July 2023 to March 2024, compared to 4.1 per cent in corresponding period last year, a central bank report showed on Wednesday2/10/2024.
According to the Central Bank …
ENOC mulling expansion of its Jebel Ali Oil Refinery: CEO
DUBAI: Saif Humaid Al Falasi, Group CEO, Emirates National Oil Company (ENOC), has revealed plans to expand the company’s Jebel Ali Oil Refinery and its network of fuel stations in the country as part of its investment strategy.
In statements to the …
Total profits of UAE insurance sector amount to AED2.5 billion in 2023: CBUAE
ABU DHABI: The Central Bank of the UAE (CBUAE) has announced that the total profits of the country’s insurance sector amounted to AED2.5 billion in 2023, compared to AED1.96 billion in 2022. This increase was mainly driven by increase in net investmen…
UAE participates in meetings of Council of Arab Central Banks, Monetary Authorities’ Governors
CAIRO: Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), participated in the 48th regular session of the Council of Arab Central Banks and Monetary Authorities’ Governors, held in Cairo under the patronage of Egyptian President A…
Etihad Cargo reaches 10-year milestone in Vietnam
ABU DHABI: Etihad Cargo, the cargo and logistics arm of Etihad Airways, is celebrating a decade of successful operations in Vietnam. This milestone highlights the carrier’s commitment to supporting Vietnam’s booming trade and economic growth, particul…
Rising global energy demand necessitates increased investment: Al Mazrouei
FUJAIRAH: Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, has highlighted the urgent need to increase investments in energy infrastructure to meet the rising global demand, driven by accelerating global changes and the anticipa…
UAE demonstrating strong commitment to addressing climate change: President of Palau
DUBAI: President Surangel Whipps Jr. of the Republic of Palau has commended the leadership role played by the UAE in combating climate change.
In statements to Emirates News Agency (WAM) on the sidelines of the 10th World Green Economy Summit (WGES) …
CBUAE prohibits takaful insurer from issuing new insurance contracts
The Central Bank of the UAE (CBUAE) prohibited a takaful insurer operating in the UAE, from issuing or concluding new motor and health insurance contracts (including renewals), pursuant to article 33 of Federal Decree Law No (48) of 2023 Regarding th…