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 Ministry of Economy confirmed that the country is among the top 5 countries to achieve positive growth rates in the real economic growth index

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Also read :2024 class of "Future makers" has been celebrated by Zayed University
Also read :H.H. Sheikh Tahnoon bin Zayed Al Nahyan goes to Seattle and meets Microsoft CEO Satya Nadella

Also read :PH ties with UAE at ‘highest point

According to His Excellency Abdullah bin Touq Al Marri, Minister of EconomyAbdullah bin Touq Al Marri, Minister of Economy, the country’s GDP grew by 3.6 percent (AED 1.68 trillion) in 2023, compared to 2022. 

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

Meanwhile, constant prices in the non-oil GDP sector grew by 6.2 percent (AED 1.25 trillion) compared to 2022. Moreover, His Excellency Bin Touq explained that this percentage of the non-oil sector’s contribution to the state’s GDP reached 74.3 percent by the end of 2023, achieving a growth of 2.5 percent compared to 2022, making it the first in history.

Overall, the statistics rank the country among the top 10 economies in the world in a set of global competitiveness indicators related to domestic product. 

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