Latest news with #Wam
TAG 91.1
5 hours ago
- Business
- TAG 91.1
Sheikh Abdullah delivers UAE President's message to Canadian PM
Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has delivered a message from UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Canadian Prime Minister Mark Carney. The "written message" focused on strengthening bilateral relations between the UAE and Canada, national news agency Wam reported. Sheikh Abdullah also held talks with Prime Minister Carney at the start of his working visit to the country. The two sides discussed ways to deepen cooperation and expand joint collaboration across various sectors to advance shared interests. The talks also explored opportunities for further collaboration in key sectors including trade and commerce, energy, AI and education. Sheikh Abdullah highlighted the strong and growing partnership between the UAE and Canada, supported by constructive and forward-looking cooperation. The two leaders also exchanged views on regional and international developments, with Sheikh Abdullah reaffirming the importance of strengthening joint efforts to support global peace and security. During his visit, Sheikh Abdullah also held talks with Anita Anand, Canada's Minister of Foreign Affairs and François-Philippe Champagne, Minister of Finance and National Revenue. His discussions with Minister Champagne focused on enhancing cooperation in economic and financial fields, including developing mechanisms to support investment between the public and private sectors in both countries.
Zawya
11 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.
The National
4 days ago
- Politics
- The National
President Sheikh Mohamed discusses regional developments with Iraq's Prime Minister
President Sheikh Mohamed spoke about events unfolding around the region during a phone call with Mohammed Shia Al Sudani, Prime Minister of Iraq. The risk to peace and stability in the region was a central part of the conversation between the two leaders, said the state news agency Wam on Monday. They highlighted the importance of "de-escalation, restraint, and the resolution of conflicts through diplomatic means, in the interest of the region and its peoples". Bilateral relations and opportunities to strengthen co-operation were also discussed.
Dubai Eye
5 days ago
- Politics
- Dubai Eye
UAE President discusses regional developments with French, Italian leaders
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held separate calls with French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni to discuss developments in the Middle East following Israeli strikes on Iran. The leaders underscored the need for maximum restraint and for intensifying efforts to de-escalate tensions and resolve disputes through diplomatic means that preserve the region's security and stability. They also discussed strategic relations and ways to strengthen them across various fields in support of shared interests, national news agency Wam reported.
TAG 91.1
5 days ago
- Politics
- TAG 91.1
UAE President discusses regional developments with French, Italian leaders
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held separate calls with French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni to discuss developments in the Middle East following Israeli strikes on Iran. The leaders underscored the need for maximum restraint and for intensifying efforts to de-escalate tensions and resolve disputes through diplomatic means that preserve the region's security and stability. They also discussed strategic relations and ways to strengthen them across various fields in support of shared interests, national news agency Wam reported.
