ADNOC will support the UAE economy by encouraging investments through In-Country Value programme
Politics & Economics
Nobel Peace Prize
Former US president Jimmy Carter passes away at 100
The Nobel Peace Prize recipient and 39th US president passed away in his home in Georgia on Sunday
Major UAE infrastructure projects in 2024: Nuclear power, airport expansion, new roads
UAE infrastructure projects in 2024 have seen investment in transport, energy and security
Emiratisation
UAE industrial sector boom sees $56bn GDP boost and massive investment surge
UAE industry and advanced technology sector is thriving
Consumer goods
UAE monitors prices of consumer goods, bans unauthorised increases on 9 essential items
The UAE will control the cost of essential items such as eggs, dairy, bread and poultry
Ajman
Ajman approves $1bn budget for 2025
Ajman budget for 2025 includes spending on safety, infrastructure, community and economic development
Dubai
Dubai to identify and fine foreign banks breaching administrative guidelines
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum issues Executive Council Resolution No. (101) of 2024 to the effect
anti money laundering
Dubai authorities bust two major international money laundering networks
Total value of crimes worth over $223 million; An Emirati and 53 foreign nationals produced in court for money laundering, and forgery of documents
Hatta
Dubai Ruler inspects AED 3.6bn Hatta development, visits Hatta Winter Festival
The initiatives aim to enhance the quality of life in Hatta, improve services for residents and visitors, and boost social, economic, and educational development in the region
India
Tributes pour in for former Indian PM Dr Manmohan Singh
The economist is widely credited as the man who kickstarted the development of modern India after opening up the economy during his tenure
UAE
UAE maintains 2024 momentum with initiatives for development, cultural progress
Plans include Unified UAE Numbers, National Investment Strategy 2031, Zero Government Bureaucracy Programme and more
Central Bank of Egypt
Egypt secures IMF staff-level approval for $1.2bn funding in fourth review
The agreement includes recalibrating Egypt’s fiscal commitments to create space for critical social programmes benefiting vulnerable groups and the middle class, while ensuring debt sustainability
Dubai
Indian businesses top new company registrations at Dubai Chamber in first nine months of 2024
The analysis conducted by the Dubai Chamber of Commerce reveals that 12,142 new Indian companies joined the chamber’s membership between January and September 2024
Bilateral Agreement
UAE, Croatia strengthen bilateral economic, trade cooperation
The two sides addressed strategies to streamline supply chains, which will help drive mutual prosperity and long-term economic resilience
Dubai
Sheikh Mohammed issues Decree establishing Dubai Resilience Centre to bolster disaster preparedness
The Centre is responsible for managing a central operations platform for crisis and disaster management and establishing online links with relevant authorities in Dubai to achieve its objectives
Budget
Sharjah approves historic $11.43bn budget for 2025
The 2025 budget sees a 2% increase over the budget for 2024
CBUAE
UAE Central Bank keeps 2024 GDP growth forecast at 4%
Economic growth is projected to accelerate to 4.5 and 5.5% in 2025 and 2026, respectively