The UAE economy is predicted to grow by 3.1% this year. Experts say the forecast is based on the resilience of the country's diversified economy amid a decline in oil prices. The predictions were made during the Coface Country Risk Conference. At the event, the importance of economic diversification, increased global trade, and foreign assets for the GCC countries was discussed.
Some UAE carriers extend flight suspensions to Kuwait, Bahrain
Some UAE carriers have extended suspension of flights to Bahrain and Kuwait amid escalating regional developments.
H.H. Sheikh Khaled witnesses launch of AED100 billion Marsa Al Saadiyat project
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has witnessed the launch of Marsa Al Saadiyat, a development project valued at AED100 billion and spanning across 6.4 million square metres.
H.H. Sheikh Mohammed promotes over 6,500 security service personnel
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, has approved the promotion of 6,526 members of the Dubai security services.
UAE strongly condemns Houthis for threatening maritime blockade on Saudi Arabia
The UAE has strongly condemned the Houthi group for threatening to carry out maritime blockades against Saudi Arabia.
