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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Driving Economic Diversification in Abu Dhabi: Family-Owned Enterprises and the Private Sector

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Abu dhabi

Also read :UAE Strengthens Diplomatic Ties with Syrian Transitional Government in Key Meeting

Also read :Strengthening Ties: UAE President Meets Italian Defence Minister to Discuss Cooperation

Over the past eight years, Abu Dhabi's private sector has experienced a stunning 35% expansion, positioning it as a significant driver of economic growth. This expansion has accelerated the emirate's non-oil economy, bringing the sector's worth to around Dh339 billion ($92 billion) in 2023.


Also read :UAE Royalty Witnesses Thrilling Conclusion to Formula 1 Season at Abu Dhabi Grand Prix
The Abu Dhabi Department of Economic Development reports that the GDP (gross domestic product) of the city is growing in tandem with the rise of the private sector. Supported by family-run companies and the private sector, the non-oil industry grew at a strong annual pace of 9.1%, reaching Dh610 billion in 2023. As of right present, this industry makes up 53.4% of the real GDP of the emirate.

Also read :UAE's First AI Integration Centre in Abu dhabi

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