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’s minister of economy said Abdulla bin Touq Al Marri said 4.9% of non-oil GDP growth is possible in 2024

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UAE

Also read :UAE Launches Trade Deals with Costa Rica and Mauritius: A New Era of Economic Partnership

According to  Abdulla bin Touq Al Marri UAE  economy  7% annual GDP growth is his personal target, but that 4.9% non-oil growth is possible in 2024. 

Also read :Weex Crypto Exchange Sets Up Headquarters in UAE: A Bold Move in the World of Cryptocurrency

The International Monetary Fund (IMF) and the World Bank expected the UAE’s GDP to grow at 4.2% in 2024 he said, adding, it was possible that there may be 4.9% growth in non-oil GDP.

“When I said it, I said I want to do 7% per year, a year I get it, a year I don’t. It depends on the economy, what’s really happening in the economy globally,” Al Marri told the summit.

Also read :Growing Numbers of Brits Seek Relocation to Dubai: A Property Boom in the UAE Hotspot

“We are looking at 4-5% this year, maybe 5% GDP growth, that’s something we are eying,” he said.  

Also UAE Growth from traditional economies such as real estate and tourism to new types of tourism, such as sustainable tourism, health tech, we’re looking into AI, generative AI, the UAE is becoming the capital of AI.

Also read :Honored to Join POTUS for an Iftar at the WhiteHouse: A Testament to Inclusivity and Interfaith Unity

I must  say  UAE's diversified economy ensures a bright and resilient future. 


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