Posts

UAE's Foreign Trade Hits $1.4 Trillion in 2024

Image
  The United Arab Emirates (UAE) has achieved a major milestone in 2024, reaching $1.4 trillion in foreign trade. This is a big jump from $949 billion in 2021. The increase shows how strong and fast the UAE’s economy is growing, especially in global trade. One of the key reasons for this growth is the rise in non-oil trade. In 2024, non-oil foreign trade reached AED 3 trillion, which is about $817 billion. This shows that the UAE is working hard to grow other parts of its economy, not just depending on oil. A big part of this success comes from the UAE’s trade deals with other countries. These are called Comprehensive Economic Partnership Agreements (CEPAs). Thanks to these deals, non-oil trade went up by AED 135 billion in 2024, which helped open new markets around the world. Non-oil exports also saw a strong rise. In 2024, exports of non-oil goods were worth AED 561.2 billion, or about $153 billion. This was almost 28% higher than the year before, showing that UAE-made products a...
Post a Comment
Read more

UAE Strongly Supports the Palestinian Cause

Image
Saqr Ghobash, the Speaker of the Federal National Council in the UAE, has once again confirmed the country's strong and long-lasting support for the Palestinian people. He said that helping Palestine has always been an important part of the UAE’s foreign policy since the country was founded in 1971. The UAE has always spoken up for the rights of Palestinians and helped them in many ways. The UAE believes that Palestinians have the right to live in peace and to have their own country. Saqr Ghobash made it clear that the UAE does not support any plans that would force Palestinians to leave their land or change who lives in Gaza. Instead, the UAE supports a two-state solution, where Palestine and Israel live side by side peacefully, with East Jerusalem as the capital of Palestine. The UAE is also active in international efforts to help Palestine. In 2024, the UAE led a group at the United Nations to push for full UN membership for Palestine. This plan was supported by more than 140...
Post a Comment
Read more

General Sahir Shamshad Mirza Visits UAE to Boost Defense Ties

Image
  General Sahir Shamshad Mirza, the Chairman of the Joint Chiefs of Staff Committee of Pakistan, recently visited the United Arab Emirates (UAE) on an official tour. His visit was aimed at strengthening the defense and security relations between Pakistan and the UAE. During the visit, General Sahir met with important UAE leaders including the Minister of Defense, the UAE Army Chief, and other high-level officials. They discussed ways to improve military cooperation and shared ideas about regional peace and stability. He also visited the Tawazun Industrial Park, where he was shown modern defense equipment and technology. This visit highlighted the growing defense industry of the UAE and opened doors for future cooperation between the two countries in this field. The UAE leaders praised the efforts and professionalism of the Pakistan Armed Forces. They especially appreciated Pakistan’s strong role in fighting terrorism and maintaining regional peace. General Sahir's visit to the UAE ...
Post a Comment
Read more

UAE Ranked Second in the World for Fighting Tax Evasion

Image
  The United Arab Emirates (UAE) has achieved a major milestone by ranking second globally in combating tax evasion. This recognition comes from a report highlighting the efforts of countries to fight against financial crimes, especially those related to taxes. It shows that the UAE is strongly committed to making its financial system more transparent and secure. This achievement reflects the country’s dedication to improving its tax system and following international standards. In recent years, the UAE has introduced several reforms to ensure that companies and individuals pay the correct amount of tax. These steps have helped the country gain trust and respect from global financial organizations. One of the key efforts includes sharing financial information with other countries to prevent tax evasion. This means that if someone tries to hide money in the UAE to avoid paying taxes in their home country, it becomes harder to do so. This cooperation with other countries makes it ...
Post a Comment
Read more

UAE and Armenia Strengthen Ties for Future Cooperation

Image
  The President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, met with the President of Armenia, His Excellency Vahagn Khachaturyan, to talk about strengthening the relationship between their two countries. The meeting took place in Abu Dhabi at Qasr Al Bahr during the Armenian President’s working visit to the UAE. Both leaders focused on improving economic and investment ties. The UAE is already Armenia’s top trading partner in the Gulf Cooperation Council (GCC), making up 90% of Armenia’s trade with the region as of 2021. This shows that there is already a strong foundation between the two countries, and now they aim to build on it. In addition to trade and investment, the two presidents talked about many international and regional issues that are important to both countries. Sheikh Mohamed shared his hope that peace talks between Armenia and Azerbaijan would bring more stability and prosperity to the Caucasus region. President Khachaturyan thanked Sheikh Moham...
Post a Comment
Read more

UAE Visa Restoration for Pakistanis

Image
  The United Arab Emirates (UAE) and Pakistan have recently been in the spotlight regarding visa issues. According to several sources, the UAE has not imposed a complete ban on visas for Pakistani nationals. However, the visa application process has become stricter, and approvals are being closely monitored. Pakistan’s ambassador to the UAE, Faisal Niaz Tirmizi, has stated that many visa rejections are due to fake documents and applicants' criminal records. He added that the UAE now uses Artificial Intelligence (AI) to verify documents, and any discrepancies lead to the application being rejected immediately. Pakistan’s Ministry of Foreign Affairs has also denied the rumors of a visa ban. According to the ministry’s spokesperson, Mumtaz Zahra Baloch, issuing visas is a sovereign decision of any country, and Pakistani citizens are still traveling to the UAE regularly without restrictions. The UAE’s Consul General, Dr. Bakheet Ateeq Al-Remeithi, confirmed that there is no ban on Paki...
Post a Comment
Read more

UAE and Pakistan Join Hands for Economic Growth

Image
  Pakistan and the United Arab Emirates (UAE) have signed a new agreement to work together on building Special Economic Zones (SEZs) in Pakistan. These zones are special areas where businesses can get benefits like tax breaks and better facilities. The goal is to bring more investment into Pakistan and grow the country’s economy. The agreement was made between Pakistan’s Board of Investment and the UAE’s International Free Zones Authority. Both sides want to create zones that will help industries grow, especially in technology and manufacturing. This will help Pakistan develop faster and create more jobs for people. One important part of this plan is setting up Business Facilitation Centers inside the SEZs. These centers will help investors and companies by making paperwork and processes easier. This will save time and encourage more businesses to come to Pakistan. The UAE has a lot of experience in building successful free zones. Their help can guide Pakistan in following the best...
Post a Comment
Read more