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Gulf leaders striving for their people’s welfare: Mohammed

April 10, 2012

dubai


Dubai, April 10: His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, reiterated on Monday his support to steps and measures aimed at facilitating the flow of trade between Gulf Cooperation Council (GCC) member states and removing obstacles in this regard, considering progress in this direction a step forward in transforming the GCC into a global economic bloc.


Talking to GCC Secretary-General Dr Abdullatif Rashid Al Zayani and Chairman of the Federation of GCC Chambers of Commerce (FGCCC) Khalil Abdullah Al Khonji at Zabeel Palace, Shaikh Mohammed said such openness would ultimately serve interests of ‘our national economies’ so as to build a competitive regional economic powerhouse to be reckoned with globally and achieve welfare and stability and this is what we, as leaders in the GCC, are diligently working to deliver.


The GCC Secretary-General and FGCCC chairman briefed Shaikh Mohammed on the agenda of the 40th federation meeting, which is being held in Abu Dhabi, and issues related to creating comprehensive trade and economic integration between chambers of federation members.


Dr Zayani applauded UAE’s expertise in creating an economically open environment and catalysing investment, thus establishing the UAE as a globally recognised investment destination.


The high-profile delegation also praised the success of the UAE, and the emirate of Dubai in particular, in becoming the No.1 holiday and leisure destination for families in the Gulf region.


Crown Prince of Dubai Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Civil Aviation and Chief Executive of Emirates Group Shaikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Culture and Arts Authority Shaikh Majid bin Mohammed bin Rashid Al Maktoum, Cabinet Affairs Minister Mohammed Abdullah Al Gergawi, Director of Dubai Ruler’s Court Mohammed Ibrahim Al Shaibani, heads of GCC Chambers of Commerce and Industry and senior officials were also present on the occasion.



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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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Agencies
April 2,2020

Ankara, Apr 2: Saudi Arabia on Thursday declared a 24-hour lockdown in all parts of Makkah and Medina cities as part of measures to stem the spread of the coronavirus.

"The 24-hour curfew will be imposed in all parts of the cities of Makkah and Medina, with a ban on entry and exit from both cities," the Saudi Interior Ministry said on Twitter.

The lockdown starts from Thursday “until further notice.”

All commercial activities inside the residential neighborhoods of the two cities were also prohibited, except for pharmacies, food products stores, gas stations and banking services, the ministry said.

After first appearing in Wuhan, China last December, the virus has spread to at least 180 countries and regions, according to U.S.-based Johns Hopkins University.

Its data shows the number of confirmed cases worldwide have surpassed 962,900, with the death toll over 49,100 and more than 202,700 recoveries.

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News Network
April 29,2020

Dubai, Apr 29: Saudi Arabia reported 1,325 new cases of coronavirus, bringing the total number of infections in the country to 21,402, the Ministry of Health announced on Wednesday (April 28).

Meanwhile, the ministry reported 169 recoveries today, with total recoveries in the kingdom at 2,953. There are 125 cases in intensive care.

The ministry also confirmed 5 deaths, bringing the total number of deaths in the kingdom to 157.

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