Armenian President Visits UAE: Strengthening Ties Between Nations

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  In a significant diplomatic move, the President of Armenia has embarked on an official visit to the United Arab Emirates (UAE), aiming to bolster bilateral relations, expand economic cooperation, and foster cultural exchange between the two nations. The high-level visit marks a new chapter in Armenia-UAE relations, showcasing a mutual commitment to deepening political dialogue and exploring opportunities in trade, technology, energy, tourism, and investment. During his visit, the Armenian President held discussions with top Emirati leaders, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE and Ruler of Abu Dhabi. The leaders discussed regional and international developments, emphasizing the importance of peace, stability, and economic collaboration in the South Caucasus and Middle East regions. Key Highlights of the Visit: Economic Partnerships: Talks included strategies to enhance mutual trade and explore investment in sectors such as infrast...
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UAE Economy Balancing Development and Sustainability

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Also read :2024 class of "Future makers" has been celebrated by Zayed University

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According to the most recent Economic Insight study, which was produced by Oxford Economics under contract with the Institute of Chartered Accountants in England and Wales (ICAEW), the United Arab Emirates (UAE) is expected to undergo a substantial economic upheaval in 2024. This article explores major forecasts, emphasizing the anticipated GDP doubling, diversification initiatives, growth in the non-oil economy, fiscal stability, and the UAE's dedication to sustainability. 

Also read :PH ties with UAE at ‘highest point

The UAE's aggressive efforts to expand its non-oil sector demonstrate the country's commitment to economic diversification; the country's integration into the BRICS bloc in January 2024 and its recent successful sovereign bond sale, which raised US$1.5 billion, are major achievements. The country's non-oil GDP growth of 3.8% in 2024 is expected to be aided by the growth of industries like logistics, technology, infrastructure, and finance. 

Also read :United Arab Emirates' improved rating in the Global Risk Index has given a boost to the financial services sector

Truly   UAE's economic outlook for 2024 reflects a harmonious blend of growth, diversification, fiscal resilience, and sustainability. As the country strives to double its GDP, the proactive measures taken in non-oil sector expansion, green finance, and net-zero commitments showcase a forward-thinking approach. The resilience displayed in the face of global challenges positions the UAE as a beacon of economic stability and sustainability in the region.

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