Latest news with #SheikhMohamedbinZayed
Zawya
10 hours ago
- Business
- Zawya
UAE's non-oil foreign trade to hit $1.1trln by 2027, says report
UAE - HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that the UAE, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, continues its remarkable progress across all sectors, with the nation's booming non-oil foreign trade at the heart of this growth, achieving consistent record-breaking growth for several years, reported Wam. The UAE's non-oil foreign trade continued an upward trajectory in Q1 2025 (January 1 to March 31, 2025), reaching AED 835 billion, up 18.6% increase compared to Q1 2024. UAE non-oil exports continued to achieve historical growth rates, recording AED 177.3 billion in Q1 2025, a 40.7% year-on-year increase (compared to Q1 2024) and a 15.7% quarter-on-quarter increase (compared to Q4 2024). This robust growth propelled non-oil exports to over 21% of the UAE's total non-oil foreign trade for the first time in the nation's history, outpacing the growth of both imports and re-exports. Sheikh Mohammed said: "The UAE's non-oil foreign trade saw growth of 18.6% year-on-year in the first quarter of this year, reaching AED 835 billion (global average is 2-3%). The nation's non-oil exports experienced exceptional growth, surging by 41% annually," he stated. "Our goal to grow non-oil foreign trade to AED 4 trillion by 2031 will be achieved within the next two years; four years ahead of schedule. In 2024, GDP grew by 4%, reaching AED 1.77 trillion, with the non-oil sector contributing 75.5% to the national economy," he added. UAE's re-exports saw a 6% annual increase, reaching AED 189.1 billion. Imports grew by 17.2% year-on-year, reaching AED 468.6 billion, but experienced a slight 1.7% decline compared to the previous quarter (Q4 of 2024), said the Wam report. Trade with the UAE's top 10 trading partners continued to expand, growing by 20.2% in Q1 2025, compared to 16.9% growth with other countries. Trade grew with India by 31%, with Saudi Arabia by more than double at 127%, with Turkiye by 8.3% - surpassing previous records - and with China by 9.6%, it stated. "Under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE's economic growth is achieving unprecedented success. Indicators of social, economic, and strategic stability and prosperity are at their highest historical levels," said Sheikh Mohammed. "We are confident in an even brighter future, driven by the focused efforts of thousands of dedicated teams working to realize the UAE's global ambitions," he added.
Zawya
2 days ago
- Business
- Zawya
Dubai Government Human Resources Department announces Hijri New Year holiday for the year 1447
Dubai: The Dubai Government Human Resources Department (DGHR) issued a circular announcing Friday, June 27, 2025 - as the official public holiday for Dubai government entities, departments and institutions in celebration of Hijri New Year. The circular clarifies that this holiday excludes entities with employees working in shifts or those involved in providing essential public services or managing vital facilities. These organisations may determine appropriate working hours for such employees based on operational requirements to ensure uninterrupted services. On this blessed occasion, the Department extends its warmest wishes to His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; Their Highnesses the Supreme Council Members and Rulers of the Emirates and the citizens and residents of the UAE. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Gulf Business
2 days ago
- Business
- Gulf Business
Travel disruptions: UAE waives overstay fines for Iranian citizens
Image credit: WAM/Website In a humanitarian gesture responding to ongoing regional challenges, the United Arab Emirates has announced the exemption of all overstay fines for Iranian citizens currently in the country, whether they are residents or visitors. Read- The move, made under the directives of the President Sheikh Mohamed bin Zayed Al Nahyan, was confirmed by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), according to This decision comes as a result of exceptional circumstances affecting air travel in the region. Recent airspace closures and the suspension of flights to and from Iran have left many Iranian nationals unable to return home, prompting the UAE to take humanitarian action to ease the burden on those affected. Humanitarian support for residents and visitors The ICP emphasized that the exemption applies to all Iranian citizens regardless of their visa type, and urged those eligible to take advantage of the policy by registering through the ICP Smart Services Platform or by visiting any ICP customer happiness center across the UAE. 'This measure reflects the UAE's ongoing commitment to humanitarian values and the well-being of all residents and visitors, particularly in times of crisis,' the authority stated. Understanding UAE overstay fines for visitors The announcement has brought renewed attention to the general rules surrounding 30-day visa on arrival Tourists entering the UAE with a 30-day visa on arrival must exit the country before their visa expires. If they overstay, they will incur a daily fine. While exact fines may vary, current penalties are set at AED 100 for the first day of overstay and AED 50 for each additional day. Visitors are also required to pay an exit permit fee ranging from AED 250 to AED 350 when departing the country. 90-day visa on arrival Travelers from certain countries are granted a 90-day multiple-entry visa upon arrival, valid for six months. This allows for a total stay of up to 90 days within that period. However, there is no grace period after the visa expires. Overstaying results in a fine of AED 100 on the first day and AED 50 per day thereafter, along with the required exit permit fee. European passport holders, for example, should take note of these strict overstay rules. Prepaid visa holders Visitors from countries not eligible for a visa on arrival must apply for a prepaid UAE visit visa before traveling. These visas, which may be issued for 30, 60, or 90 days as single or multiple entries, also come with stringent overstay penalties. All prepaid visa holders are subject to the same fine structure: AED 100 for the first day of overstay, AED 50 for each day after, and an exit permit fee of AED 250 to AED 350. Extensions may be arranged through the current sponsor or a new tour company, but overstay fines will still apply until the extension is processed. The ICP and UAE authorities encourage all visitors to monitor their visa status and consult with the Amer Center or other approved service providers to ensure compliance with immigration rules. Stay informed With visa policies and enforcement subject to change, officials advise travelers to regularly check the official UAE government portals or consult visa experts to avoid any penalties.
Zawya
4 days ago
- Business
- Zawya
UAE to achieve $1.1trnl trade target early as non-oil sector booms: Sheikh Mohammed
DUBAI: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that the UAE, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, continues its remarkable progress across all sectors, with the nation's booming non-oil foreign trade at the heart of this growth, achieving consistent record-breaking growth for several years. His Highness Sheikh Mohammed bin Rashi Al Maktoum said: 'The UAE's non-oil foreign trade saw growth of 18.6% year-on-year in the first quarter of this year, reaching AED 835 billion (global average is 2-3%). The nation's non-oil exports experienced exceptional growth, surging by 41% annually.' His Highness Sheikh Mohammed stated: 'Our goal to grow non-oil foreign trade to AED 4 trillion by 2031 will be achieved within the next two years; four years ahead of schedule. In 2024, GDP grew by 4%, reaching AED 1.77 trillion, with the non-oil sector contributing 75.5% to the national economy.' His Highness Sheikh Mohammed emphasized: 'Under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE's economic growth is achieving unprecedented success. Indicators of social, economic, and strategic stability and prosperity are at their highest historical levels. We are confident in an even brighter future, driven by the focused efforts of thousands of dedicated teams working to realize the UAE's global ambitions.' The UAE's non-oil foreign trade continued an upward trajectory in Q1 2025 (1 January to 31 March 2025), reaching AED 835 billion, an 18.6% increase compared to Q1 2024. UAE non-oil exports continued to achieve historical growth rates, recording AED 177.3 billion in Q1 2025, a 40.7% year-on-year increase (compared to Q1 2024) and a 15.7% quarter-on-quarter increase (compared to Q4 2024). This robust growth propelled non-oil exports to over 21% of the UAE's total non-oil foreign trade for the first time in the nation's history, outpacing the growth of both imports and re-exports. Re-exports saw a 6% annual increase, reaching AED 189.1 billion. Imports grew by 17.2% year-on-year, reaching AED 468.6 billion, but experienced a slight 1.7% decline compared to the previous quarter (Q4 of 2024). Trade with the UAE's top 10 trading partners continued to expand, growing by 20.2% in Q1 2025, compared to 16.9% growth with other countries. Trade grew with India by 31%, with Saudi Arabia by more than double at 127%, with Turkiye by 8.3% - surpassing previous records - and with China by 9.6%.
Zawya
11-06-2025
- Politics
- Zawya
UAE President receives Qatari Prime Minister and Minister of Foreign Affairs
ABU DHABI: President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of the State of Qatar. During the meeting, which took place at Qasr Al Bahr in Abu Dhabi, the two sides exchanged Eid Al-Adha greetings, praying to God to bless both countries and their peoples with continued wellbeing and prosperity. His Excellency conveyed to the UAE President the greetings of His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, along with his best wishes for the continued progress and prosperity of the UAE. His Highness Sheikh Mohamed bin Zayed asked His Excellency to convey his own greetings to the Emir, expressing his sincere wishes for ongoing development for Qatar and its people. His Highness and the Qatari Prime Minister discussed the close relations between the two countries and various aspects of their cooperation. They affirmed their shared commitment to strengthening collaboration for the benefit of both nations. The two sides also reviewed a number of regional and international issues of common concern and exchanged views on recent developments. Earlier in the day, His Excellency Sheikh Mohammed bin Abdulrahman Al Thani arrived at Al Bateen Airport in Abu Dhabi, where he was received by His Highness Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, along with a number of officials. The meeting at Qasr Al Bahr was attended by H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi; H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser; H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region; H.H. Sheikh Saif bin Mohammed Al Nahyan; H.H. Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Charitable and Humanitarian Foundation; H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence; Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Adviser to the UAE Presidential; along with a number of ministers and senior officials.
