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Tag : investment

Travel

UAE’s aviation sector soars: 31.8 million passengers in Q1 2023

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The Central Bank of the UAE (CBUAE) has announced in its recent Quarterly Economic Review that UAE airports welcomed a whopping 31.8 million passengers in the first quarter of 2023. This figure represents a notable surge from the same period in 2022 when the passenger count was around 20.4 million,......
News

UAE and Malaysian foreign ministers discuss enhanced cooperation

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Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of Foreign Affairs, engaged in productive discussions with his Malaysian counterpart, Zambry Abdul Kadir, during his official visit to Kuala Lumpur on June 15, 2023. The diplomatic rendezvous focused on fortifying the already robust bilateral ties between the two nations and paving......
Business

Global clean energy investment set to reach $1.7 trillion, overtaking oil production

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Global investment in clean energy is projected to reach an impressive $1.7 trillion in 2023, marking a significant milestone as solar energy surpasses oil production for the first time. A new report from the International Energy Agency (IEA) highlights that investment in clean energy technologies is outstripping spending on fossil......
Business

European Investment Bank supports circular economy with €3.4 billion lending

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Global investment in clean energy is projected to reach an impressive $1.7 trillion in 2023, marking a significant milestone as solar energy surpasses oil production for the first time. A new report from the International Energy Agency (IEA) highlights that investment in clean energy technologies is outstripping spending on fossil......
Business

Abu Dhabi hosts premier investment platform for global investors

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The 12th edition of the Annual Investment Meeting (AIM Global 2023) is set to take place in Abu Dhabi from May 8 to 10. Participants from 170 countries are expected to attend the premier investment platform for global investors, including top executives, decision makers, government officials, and civil society representatives.......
News

Sheikh Mansour bin Zayed meets with Kyrgyz Prime Minister to bolster ties

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Sheikh Mansour bin Zayed Al Nahyan, Vice President of the United Arab Emirates (UAE), held a meeting with the Prime Minister of Kyrgyzstan, Akylbek Japarov, at Qasr Al Watan Palace in Abu Dhabi on April 19th, 2023. The two leaders discussed ways to strengthen the existing relationship between their countries......
Technology

Japan set to invest $7 billion in chip-gear to bolster global semiconductor market position

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Japan is set to increase its spending on chip-gear by a staggering 82% in a bid to bolster its position in the global semiconductor market. The spending boost will put Japan ahead of other major chip-making markets, including China, Europe and the Middle East. Although Taiwan remains the biggest spender......